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Top StoriesUK Services Sector Lost Steam in Lead up to the Budget, PMI Shows
TradingEuro Zone Investor Morale Slightly Up, but ‘turnaround Looks Different’
FinanceItaly’s Manufacturing Downturn Deepens in October, PMI Shows
Top StoriesGerman Companies’ Hiring Plans Drop to Four-Year Low, Ifo Finds
Spanish Manufacturing Grows in October at Fastest Pace in More Than 2 Years, PMI Shows
Date: November 4, 2024
MADRID (Reuters) – Spanish manufacturing activity picked up again in October, showing its strongest growth in more than two years, with output, new orders and new hiring all rising, a survey showed on Monday. The HCOB Purchasing Managers’ Index (PMI) for Spain’s manufacturing sector, compiled by S&P Global, rose to 54.5 in October from 53.0...
UK Year-Ahead Public Inflation Expectations Rise to 3.3% in Oct, Citi/YouGov Survey Shows
Date: November 1, 2024
LONDON (Reuters) – British households’ expectations for inflation over the next 12 months rose again in October, adding to the likelihood that the Bank of England will only cut interest rates once a quarter, a monthly survey from Citi and YouGov showed on Friday. The survey showed expectations for inflation in a year’s time rose...
Swedish PMI Higher in October at 53.1 Points
Date: November 1, 2024
STOCKHOLM (Reuters) – Activity in Sweden’s manufacturing sector rose to 53.1 points in October from an upwardly revised 51.6 points the previous month, compilers Silf/Swedbank said on Friday. It was the third month in a row the index has been in the growth zone, defined as above 50 points. The sub-index for orders made the...
UK Median Full-Time Pay Rises 6.9% to 37,430 Pounds, Ons Says
Date: October 29, 2024
LONDON (Reuters) – The median full-time annual salary in the United Kingdom reached 37,430 pounds ($48,603) in April 2024, up 6.9% on a year earlier, according to the country’s most comprehensive annual survey of employee earnings. Pay rose fastest in the accommodation and food services sector, up 9.8%, while earnings rose by 7.7% for...
More Companies Planning Price Hikes in Germany, Survey Finds
Date: October 29, 2024
BERLIN (Reuters) – Companies in Germany’s industrial, retail and corporate services sectors are planning more price increases, bringing inflation on track to rise to the European Central Bank’s 2% target, according to a survey published on Tuesday. Ifo’s price expectations index grew to 15.9 in October from 14.1 points in September, the economic institute...
UK Employers Show Further Signs of Pre-Budget Nerves
Date: October 28, 2024
LONDON (Reuters) – British business confidence sank to a four-month low in October ahead of the first budget plan from the country’s new government, a survey showed on Monday, echoing other signs of corporate nervousness about possible tax increases. Lloyds Bank’s business barometer – representing the difference between the percentage of firms with positive and...