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Top StoriesUK Businesses Feel the Strain From Surging Inflation -PMIs
Top StoriesEuro Zone Investor Morale Improves but Economy Still in Downturn
Top StoriesPost-Lockdown Rebound Fading for German Services Sector -PMI
Euro Zone May Business Growth Robust but Outlook Darkens -PMI
Date: June 3, 2022
LONDON (Reuters) – Euro zone business growth was robust in May but is at risk of a slowdown from soaring living costs, supply chain disruptions and uncertainty surrounding Russia’s invasion of Ukraine, a survey showed. S&P Global’s final composite Purchasing Managers’ Index (PMI), seen as a good gauge of economic health, fell to 54.8 in...
French Service Sector Growth Weakened in May – Final PMI
Date: June 3, 2022
PARIS (Reuters) – Growth in business activity in France’s dominant services sector weakened in May compared to April, a monthly survey showed, as the positive effect of fewer COVID-19 restrictions were offset by inflationary pressures. Data compiler S&P Global said its final purchasing managers index (PMI) for France’s services sector fell to 58.3 points in...
Italy May Service Sector Growth Eases Slightly – PMI
Date: June 3, 2022
ROME (Reuters) – Italy’s services sector expanded in May but a slower pace compared with the previous month, a survey showed on Friday, with the war in Ukraine and COVID-19 restrictions enforced in China weighing on the outlook. S&P Global’s Purchasing Managers’ Index for services declined to 53.7 in May from 55.7 in April, still...
Spain’s Services Activity Slows in May, Though Jobs Rise -PMI
Date: June 3, 2022
MADRID (Reuters) – Activity in Spain’s services sector slowed down in May though companies created jobs at the fastest rate in almost a year as companies’ capacity is stretched, a survey showed on Friday. S&P Global’s Purchasing Managers’ Index (PMI) of services companies, which account for around half of Spain’s economic output, fell to 56.5...
Some Real Estate Markets Seen Falling as Global Frenzy Fades – Reuters Poll
Date: June 1, 2022
By Hari Kishan and Ross Finley BENGALURU/LONDON (Reuters) – The global property market frenzy that gathered pace during the pandemic as people scrambled to buy more living space is likely over as interest rates rise, and house price inflation is expected to drop off, Reuters surveys of market experts showed. Huge price rises of as...
UK Manufacturing Growth Hits 16-month Low in May -PMI
Date: June 1, 2022
By Andy Bruce LONDON (Reuters) -British manufacturing activity expanded in May at the weakest rate since January 2021, as producers of consumer goods struggled against a worsening cost-of-living crunch, a survey showed on Wednesday. The final estimate of the S&P Global UK Manufacturing Purchasing Managers’ Index (PMI) fell to 54.6 in May from 55.8 in...