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Top StoriesECB Should Not Raise Rates in July Before Q2 GDP Data: Panetta
Top StoriesAnalysis-Consumer Boom Nearly Over as Central Europe Heads Into “decade of Peril”
Top StoriesEuro Zone Business Growth Got Boost From Reopened Services in April – PMI
Top StoriesGerman Services Sector Still on Growth Path in April -PMI
French Services Activity Growth Strongest in Over 4 Years in April -PMI
Date: May 4, 2022
(Reuters) – France’s dominant services sector enjoyed its sharpest increase in activity in more than four years in April as fewer COVID-19 restrictions gave businesses a boost, although inflation remained a concern, a survey showed on Wednesday. S&P Global said its final services Purchasing Managers’ Index (PMI) was 58.9 points last month, up from 57.4...
UK Factory Activity Edges up From March’s One-Year Low – PMI
Date: May 3, 2022
By David Milliken LONDON (Reuters) – British factory activity edged up in April after slowing to its weakest in just over a year in March following Russia’s invasion of Ukraine, but manufacturers were wary about the outlook as costs leapt and demand faltered, a survey showed on Tuesday. The S&P Global/CIPS manufacturing Purchasing Managers’ Index...
Ukraine and Russia: What You Need to Know Right Now
Date: May 2, 2022
(Reuters) – In a major shift, Germany said it was prepared to back an immediate European Union embargo on Russian oil, possibly paving the way of imposing such a ban within days, while efforts to evacuate civilians from devastated Ukrainian port city of Mariupol ran into delays. FIGHTING * A Russian rocket strike hit a...
Euro Zone Factory Output Growth Stalled in April – PMI
Date: May 2, 2022
LONDON (Reuters) – Euro zone manufacturing output growth stalled last month as factories struggled to source raw materials while demand took a knock from steep price increases and fears about the economic outlook, a survey showed. Russia’s invasion of Ukraine, coupled with renewed COVID-19 related lockdowns in China, have exacerbated supply chain bottlenecks and left...
Supply Disruption, Weaker Demand Cloud Outlook for German Manufacturers – PMI
Date: May 2, 2022
BERLIN (Reuters) – Supply disruption and weaker demand weighed on German manufacturing activity in April as the war in Ukraine and COVID-19 lockdowns in China worsened the outlook for goods producers in Europe’s biggest economy, a survey showed on Monday. IHS Markit’s Final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth...
Swiss Industry and Households Feel Strain From Rising Prices-Data
Date: May 2, 2022
ZURICH (Reuters) – Switzerland’s manufacturing Purchasing Managers Index (PMI) continued its downward trend in April, data released on Monday showed, as prices continued to rise on a broad scale. The consumer sentiment index, published by the State Secretariat for Economic Affairs (SECO) also on Monday, showed a marked deterioration in consumer sentiment as households feel...