Japan Nov industrial output seen swinging back to contraction: Reuters poll
TOKYO (Reuters) – Japan’s industrial output in November likely swung back to contraction for the first time in three months, a Reuters poll of analysts showed on Friday, dented by sluggish demand…
Peru economy chief: improvement possible despite months of contraction
By Marco Aquino LIMA (Reuters) – Peru’s economy contracted for a fifth consecutive month in September, landing well below forecasts, but the country’s economy minister argues the downturn can be reversed with…
German economy to resume growth after 2023 contraction -EU Commission
BERLIN (Reuters) – The German economy is expected to shrink by 0.3% this year, as a loss in purchasing power due to high inflation and the tightening of financing conditions are weighing…
Exclusive-German economic institutes forecast 0.6% GDP contraction this year – sources
By Christian Kraemer and Rene Wagner BERLIN (Reuters) – Five economic institutes are predicting gross domestic product in Germany to contract by 0.6% in 2023, two sources told Reuters on Tuesday. For…
Peru government sees economy recovering from mild contraction
By Sarah Morland and Isabel Woodford (Reuters) – Peru’s economy is showing signs it could start growing again after shrinking in the first half of this year, the country’s finance chief said…
IMF sees drought causing Argentina contraction of 2.5% in 2023
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund said on Tuesday it is now projecting Argentina’s economy will contract 2.5% in 2023, with a year-end inflation rate of about 120%,…
Japan factory activity slips back into contraction in June on soft orders
TOKYO (Reuters) – Japan’s factory activity contracted in June after expanding for the first time in 7 months in May, a private survey showed on Monday, dragged down by weak orders for…
Canadian factory activity slips back into contraction in May
By Fergal Smith TORONTO (Reuters) – Canadian manufacturing activity slowed in May as high inflation and inventory cutting held back customer demand, but in a silver lining the reduction in activity contributed…
NY Fed report sees several more years of balance sheet contraction
By Michael S. Derby (Reuters) – The Federal Reserve is on a path to shrink the size of its massive stock of cash and bonds for several more years, and will likely…
BofA sees ‘meaningful risks’ of Q2 U.S. economic contraction
(Reuters) – The U.S. economy is at risk of shrinking in the second quarter, BofA Global Research wrote in a client note, following recent economic data that hinted that the Federal Reserve’s…
Russia set for smaller GDP contraction in 2023, but no room for rate cut: Reuters poll
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Russia’s economy is set for a shallower contraction this year than previously thought, a Reuters poll showed on Friday, but above-target inflation will…
German economy heading for contraction in Q1, Bundesbank says
FRANKFURT (Reuters) – Germany’s economy will shrink again in the first quarter of the year and underlying inflation could prove to be stubborn even if overall price growth is likely to slow…
JPMorgan expects smaller contraction in UK economy in 2023
(Reuters) – J.P.Morgan said the UK economy was expected to contract by 0.1% this year, revising it from the previously forecast 0.3% decline in the gross domestic product (GDP), buoyed by a…
French manufacturing contraction not as deep as forecast in Dec – final PMI
PARIS (Reuters) – France’s manufacturing sector contracted less than first thought in December, a survey showed on Monday, even though inflationary pressures continued to weigh on the euro zone’s second-biggest economy. S&P…
French economic contraction worsened in December – flash PMI
By Sudip Kar-Gupta PARIS (Reuters) – French business activity contracted at a faster rate in December than the previous month, a survey showed on Friday, adding to signs of a recession ahead…
Russia improves Q3 economic contraction to 3.7% y/y – revised data
MOSCOW (Reuters) – Russia’s economy shrank 3.7% year-on-year in the third quarter of 2022, revised data from the federal statistics service Rosstat showed on Wednesday, an improvement on the previously reported 4.0%.…
J.P.Morgan sees ‘milder’ euro zone economic contraction in fourth quarter
(Reuters) – J.P.Morgan on Wednesday forecast a “milder” fourth-quarter contraction in the euro zone after strong resilience of the household sector resulted in a better-than-expected economic growth in the prior quarter. The…
Russia’s more gradual economic contraction to extend into 2023: Reuters Poll
By Alexander Marrow MOSCOW (Reuters) – Russia’s economy is set to shrink by 2.5% next year, on top of a 3% contraction in 2022, a Reuters poll suggested on Friday, with stubbornly…
China’s factory activity contraction likely deepened in Nov on COVID woes: Reuters Poll
BEIJING (Reuters) – China’s factory activity is expected to have contracted further this month, piling pressure on the economy as COVID restrictions hit production and exports fell despite a flurry of stimulus…
Egypt’s non-oil private sector extends contraction in September -PMI
CAIRO (Reuters) – Egypt’s non-oil private sector shrank for the 22nd month in a row in September as the country’s faltering economy weighed on business, a survey showed on Tuesday. The S&P…
German economic institutes see 2023 contraction as gas crisis hits
BERLIN (Reuters) – Four leading German economic institutes have almost halved their spring economic growth forecast for Europe’s largest economy this year and slashed their 2023 projection to -0.4% from 3.1%, they…
Barclays forecasts contraction in fourth quarter for major economies
(Reuters) – Global growth is heading for an “increasingly synchronous downturn”, economists at Barclays said on Thursday, citing a deepening energy crisis in Europe, continued lockdowns in China and tightening financing conditions…
UK economy slides into contraction in August, PMI suggests
LONDON (Reuters) – Britain’s economy ended August on a much weaker footing than previously thought as overall business activity contracted for the first time since February 2021 in a clear signal of…
Russian services sector slips back into contraction in August -PMI
MOSCOW (Reuters) – Russia’s service sector inched back into contraction in August, with broadly unchanged levels of output, a business survey showed on Monday, as consumer demand waned and firms reduced workforce…
Japan’s factory output likely fell back into contraction in July- Reuters poll
TOKYO (Reuters) – Japanese factories likely cut back output in July after the prior month’s near double-digit surge, a Reuters poll showed on Friday, as manufacturers struggled to shake off the drag…
Egyptian non-oil sector continues contraction, at slower pace – PMI
CAIRO – Egypt’s non-oil private sector activity shrank again in July, but at a slower pace than June’s two-year low, as demand remains weakened by inflation and shortages continue to put pressure…
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