gdp
Top StoriesSterling Slumps 1.5% vs Dollar on Safe-Haven Demand, Weak UK Data
Top StoriesFactory Data Dampen Global Hopes for ‘soft Landing’
Top StoriesFactory Growth Feeble in June, Feeding Global Recession Fears
Top StoriesEuro Zone Factory Production Falls in June for First Time in Two Years -PMI
Polish Manufacturing Gloom Deepens as Ukraine War Weighs -PMI
Date: July 1, 2022
WARSAW (Reuters) – The Polish manufacturing sector contracted in June, a survey showed on Friday, with the war in Ukraine and a related surge in inflation leading to fewer orders, shrinking production and job losses. S&P Global’s Polish Manufacturing Purchasing Managers’ Index (PMI) fell to 44.4 in June from 48.5 in May, remaining below the...
Pound Gains, but Focus Stays on Struggling UK Economy
Date: June 30, 2022
By Lucy Raitano (Reuters) -The British pound rose against the dollar and euro on Thursday, as investors shrugged off official data revealing a record shortfall in the United Kingdom’s current account deficit in early 2022. Despite the bounce, the pound has rounded off its biggest six-month drop since 2016 in the first half of 2022,...
Recession Fears Creep Into ECB Thinking at Summer Conference
Date: June 30, 2022
By Balazs Koranyi and Francesco Canepa SINTRA, Portugal (Reuters) – European Central Bank policymakers put on a brave face at their annual gathering in the hills above the Portuguese capital and forecast further economic expansion despite looming gas shortages, but in private conversations recession fears were increasingly dominant. Growth has slowed sharply this year amid...
Copper Firms After China Relaxes Quarantine Rules
Date: June 28, 2022
By Pratima Desai LONDON (Reuters) – Copper prices rose on Tuesday as hopes for stronger demand after top consumer China relaxed its COVID-19 quarantine mandates were reinforced by a lower dollar, but worries about global growth capped gains. Benchmark copper on the London Metal Exchange was up 0.4% at $8,454 a tonne as of 1041...
A ‘default’ When Flush With Cash: Five Signs Russia Ain’t Sinking Yet
Date: June 27, 2022
By Guy Faulconbridge LONDON (Reuters) – Russia may have defaulted for the first time on foreign bonds since the Bolsheviks refused to pay on a vast debt pile after the 1917 Revolution, but its $1.8 trillion economy is showing no sign of sinking just yet. The sanctions imposed by the West over Russia’s invasion of...
Spanish May Industrial Prices Rise 43.6% on Year, Down From 44.5% in April
Date: June 27, 2022
MADRID (Reuters) -Spanish industrial production prices rose by 43.6% in the 12 months to May, down slightly from a revised 44.5% for the year to April, reflecting a slowdown in energy price inflation, the National Statistics Institute (INE) said on Monday. But energy prices were still up by a massive 113% in the 12 months...