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Top StoriesFrench Services Growth Slowed Less Than First Forecast in July -Final PMI
Top StoriesInflation, Gas Supply Concerns End German Services Sector Rebound -PMI
Top StoriesSpanish Services Sector Growth Slows Slightly in July -PMI
Top StoriesRussian Services Sector Records Fastest Output Growth in Over a Year -PMI
Swiss PMI Dips Slightly but Industry Stays in Growth Mode
Date: August 2, 2022
ZURICH (Reuters) – The Swiss purchasing managers’ (PMI) index fell by 1.1 points in July, according to data published on Tuesday, but remained in positive territory despite concerns about rising energy prices and a slowdown in export markets. The manufacturing index dropped to a seasonally adjusted 58.0 points in July from 59.1 points in June...
Bank of England to Get More Aggressive With 50 Bps Hike on Thursday: Reuters Poll
Date: August 1, 2022
By Jonathan Cable LONDON (Reuters) – The Bank of England is now expected to lift borrowing costs by a bigger 50 basis points to 1.75% on Thursday as it battles soaring inflation, according to a Reuters poll taken over the past week after several economists changed their minds. Over 70% of the 65 respondents to...
Euro Zone Factory Activity Contracted in July as Recession Fears Grow
Date: August 1, 2022
LONDON (Reuters) – Manufacturing activity across the euro zone contracted last month with factories forced to stockpile unsold goods due to weak demand, a survey showed on Monday, adding to concerns the bloc could fall into a recession. S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) fell to 49.8 in July from June’s 52.1, just...
Greek July Factory Activity Slumps, New Orders Fall – PMI
Date: August 1, 2022
ATHENS (Reuters) – Greek manufacturing activity declined in July, hit by faster contractions in production and new orders as high inflation took a toll on client demand, a survey showed on Monday. S&P Global’s Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about 10% of the Greek economy, fell to 49.1 in July from...
Spanish July Factory Activity Contracts Most Since 2020 lockdown-PMI
Date: August 1, 2022
MADRID (Reuters) – Factory activity in Spain contracted in July for the first time in a year and a half as inflationary pressures and macroeconomic uncertainty weighed on demand, a survey showed on Monday. S&P Global’s Purchasing Managers’ Index (PMI) for manufacturing fell to 48.7 in July, down from 52.6 in June, according to the...
Polish Manufacturing Slump Deepens as Output Plunges -PMI
Date: August 1, 2022
WARSAW (Reuters) – The downturn in Polish manufacturing accelerated in July, a survey showed on Monday, as output and new orders fell sharply due to an uncertain economic outlook and high inflation. S&P Global’s Polish Manufacturing Purchasing Managers’ Index (PMI) fell to 42.1 in July from 44.4 in June, below the 50.0 line that separates...