German services sector downturn eases in November -PMI
BERLIN (Reuters) – Business activity in the German services sector declined in November although at a slower rate than the previous month, a survey showed … Read more
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Euro zone factory downturn eased a touch in November -PMI
LONDON (Reuters) – The broad-based downturn in euro zone manufacturing activity eased slightly last month but the sector remained deeply rooted in contractionary territory, prompting … Read more
German manufacturing downturn eased in November – PMI
BERLIN (Reuters) – The downturn in Germany’s manufacturing sector, which accounts for about a fifth of the country’s economy, eased in November, a survey showed … Read more
Canadian factory sector downturn extends to longest since 2016
By Fergal Smith TORONTO (Reuters) – Canada’s manufacturing sector remained in contraction for a sixth straight month in October as reduced output and rising cost … Read more
S.Korea exports snap year-long downturn, recovery in China demand slow
By Jihoon Lee SEOUL (Reuters) -South Korea’s exports in October rose in annual terms for the first time in 13 months, as shipments to the … Read more
German manufacturing stays mired in downturn in Sept – PMI
BERLIN (Reuters) – Germany’s manufacturing sector, which accounts for about a fifth of its economy, remained mired in a downturn in September on weak demand … Read more
Polish factory downturn strong in Sept, but declines soften -PMI
WARSAW (Reuters) – Poland’s manufacturing sector remained in a severe downturn in September although there were signs of softer declines in several key measures, a … Read more
German Chancellor says economy is facing cyclical downturn- Wirtschaftswoche
BERLIN (Reuters) – The cyclical weakness of the German economy shouldn’t be perceived as a structural problem, German Chancellor Olaf Scholz said on Thursday in … Read more
Global house price downturn fades, most markets to rise in 2024: Reuters poll
By Hari Kishan BENGALURU (Reuters) – The recent downturn in global property prices is mostly over with average home prices in major markets now expected … Read more
French manufacturing downturn steeper than initial estimate in August – PMI
PARIS (Reuters) – France’s manufacturing sector contracted for the seventh month in a row and at a slightly sharper pace than initially forecast in August, … Read more
China developer Vanke sees pressure on profit amid market downturn
HONG KONG (Reuters) – Chinese state-backed property developer China Vanke said its profit would be under pressure in the short term amid a market correction, … Read more
Aussie home price downturn over, to rise this year and next: Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – Australian home prices likely bottomed much earlier than previously expected and will rise for the rest of this year … Read more
South Korea exports to extend downturn amid worsening China outlook: Reuters poll
By Jihoon Lee SEOUL (Reuters) – South Korea’s exports likely fell in August for an 11th consecutive month, a Reuters survey showed on Wednesday, as … Read more
Downturn in German housing construction worsens in July – Ifo
BERLIN (Reuters) – The downturn in Germany’s residential construction sector intensified in July, according to a survey published on Monday, which showed a record number … Read more
China’s exports likely contracted further in July, imports downturn seen slowing: Reuters poll
By Joe Cash BEIJING (Reuters) – China’s exports likely contracted further in July, as manufacturers in the world’s second-largest economy struggled for buyers in markets … Read more
South Korea export downturn seen worsening on weak China demand: Reuters poll
By Jihoon Lee SEOUL (Reuters) – South Korea’s export decline likely accelerated in July amid persistently weak demand from China, a Reuters survey showed on … Read more
UK factory downturn deepens in June despite lower costs: PMI
By Andy Bruce LONDON (Reuters) – The pace of decline in Britain’s manufacturing sector steepened in June and optimism faded despite weakening price pressures, a … Read more
Euro zone factory downturn deepened in June as ECB hikes bite-PMI
LONDON (Reuters) – Euro zone manufacturing activity contracted faster than initially thought in June as persistent policy tightening by the European Central Bank squeezed finances, … Read more
South Korea factory activity suffers longest downturn in at least 19 years
SEOUL (Reuters) – South Korea’s factory activity shrank at a steeper pace in June and extended its downturn to a record 12th consecutive month, a … Read more
Euro zone factory downturn deepens in May despite price cuts
LONDON (Reuters) – The downturn in euro zone manufacturing activity deepened in May as demand slumped despite factories cutting prices for the first time since … Read more
Japan’s spending downturn, wages decline heighten pressure on economy
By Kantaro Komiya TOKYO (Reuters) – Japan’s consumer spending unexpectedly fell in March at the fastest rate in a year, while real wages marked a … Read more
Deutsche Post Q1 operating profit slumps amid economic downturn
By Tristan Veyet (Reuters) -Deutsche Post suffered a slump in first-quarter operating profit amid deteriorating macroeconomic conditions, it reported on Wednesday, a day before its … Read more
South Korea factory activity shrinks in April, marks longest downturn in 6 years – PMI
SEOUL (Reuters) – South Korea’s factory activity shrank for a 10th consecutive month in April and for its longest streak in six years, a survey … Read more
Risks loom over China’s top tier banks from property downturn, higher costs
By Ziyi Tang and Ryan Woo BEIJING (Reuters) – China’s largest banks will see near-term revenue and margin pressures on a persisting property sector downturn, … Read more
Euro zone factory downturn deepened in March -PMI
LONDON (Reuters) – Activity at struggling factories across the euro zone fell further last month as consumers feeling the pinch from rising living costs cut … Read more
German manufacturing activity downturn deepened in March -PMI
BERLIN (Reuters) – German manufacturing activity shrank in March at the fastest pace in almost three years, a survey showed on Monday. S&P Global’s final … Read more
Next boss: downturn in UK economy won’t be long lasting
By James Davey LONDON (Reuters) – The boss of British fashion retailer Next said on Wednesday he did not think the downturn in the UK … Read more
Swedish NIER think tank sees milder downturn, rates to peak at 3.75%
STOCKHOLM (Reuters) – Sweden’s economic downturn this year will not be as deep as previously expected, the leading NIER think-tank said on Wednesday, though households … Read more
South Korea’s ‘jeonse’ rent-free renters hit by property downturn
By Jihoon Lee SEOUL (Reuters) – A downturn in South Korea’s home prices is causing pain in the country’s unusual rent-free rental system that benefited … Read more
Jobs Market Runs Red Hot In January, But Economists Fear Downturn Is Coming
Jobs Market Runs Red Hot In January, But Economists Fear Downturn Is Coming John Hugh DeMastri on February 3, 2023 The U.S. added 517,000 jobs … Read more
Marketmind: Dodging a downturn
A look at the day ahead in U.S. and global markets from Mike Dolan. Global investors have fretted endlessly about a 2023 recession for the … Read more
Real estate broker Compass to cut more jobs to deal with housing downturn
(Reuters) – Real estate broker Compass Inc said on Thursday it would cut more jobs to deal with a downturn in the housing market as … Read more
Majority Of Big Banks Predict Significant Economic Downturn In 2023: POLL
Majority Of Big Banks Predict Significant Economic Downturn In 2023: POLL John Hugh DeMastri on January 2, 2023 Of 23 major financial institutions that work … Read more
Fading supply problems ease downturn in German manufacturing -PMI
BERLIN (Reuters) – Fading supply chain problems helped ease the downturn in Germany’s manufacturing sector in December, although weaker demand continues to weigh on sentiment, … Read more
UK downturn moderates in December but recession begins – PMI
By Andy Bruce LONDON (Reuters) -The downturn across most British businesses eased slightly this month but manufacturers struggled and the economy is still likely to … Read more
Euro zone banks not facing up to reality of downturn, ECB says
FRANKFURT (Reuters) – Euro zone banks have not yet fully faced up to the reality of an economic downturn, so finance industry supervisors will need … Read more
Euro zone factory downturn eased in November, inflationary pressures moderated
LONDON (Reuters) – The downturn in manufacturing activity across the euro zone eased in November, according to a survey which suggests while the bloc’s factories … Read more
South Korea Nov factory activity shrinks for 5th month, but downturn eases slightly – PMI
SEOUL (Reuters) – South Korea’s factory activity shrank for a fifth straight month in November but the downturn moderated slightly, a private-sector survey showed on … Read more
U.S. business activity weakens further; euro zone downturn eases slightly
By Lucia Mutikani and Jonathan Cable WASHINGTON/LONDON (Reuters) – U.S. business activity contracted for a fifth straight month in November as higher interest rates slowed … Read more
German downturn eases in Nov, bringing hope for milder recession -flash PMI
BERLIN (Reuters) – The downturn in German economic activity eased in November, a preliminary survey showed on Wednesday, as firms saw price pressures retreat from … Read more
Major Tech Firms Cut Jobs, Freeze Hiring Thanks To Fears Of Economic Downturn
Major Tech Firms Cut Jobs, Freeze Hiring Thanks To Fears Of Economic Downturn John Hugh DeMastri on November 3, 2022 Ridesharing app Lyft and payment … Read more
Factbox-Chipmakers cut spending as demand boom makes way for downturn
(Reuters) – The global chip industry is bracing for a downturn by reining in on investments for the year, in a stark contrast to initial … Read more
Chipmaker UMC cuts capex in readiness for prolonged downturn
By Sarah Wu TAIPEI (Reuters) – Taiwanese chipmaker United Microelectronics Corp (UMC) has cut this year’s planned capital expenditure by almost a fifth, it said … Read more
Fed’s Daly: do not want to tip economy into downturn
(Reuters) -San Francisco Federal Reserve Bank President Mary Daly said on Tuesday that the U.S. central bank is “resolute” about bringing down high inflation but … Read more
UK downturn deepens, raising recession risk -flash PMI
LONDON (Reuters) – The downturn in British businesses steepened this month as they battled soaring costs and faltering demand, according to a survey on Friday … Read more
ECB must keep raising rates despite downturn, Schnabel says
FRANKFURT (Reuters) – The euro zone is facing an economic downturn but inflation is still far too high, so interest rates need to keep going … Read more
JPMorgan says will be careful about banker cuts amid investment banking downturn
By Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – JPMorgan Chase & Co will maintain caution on its staffing levels despite the recent downturn … Read more
Copper speculators anticipate downturn for market and the world
By Eric Onstad LONDON – Speculators in the copper market, viewed as an indicator of the health of the economy, are betting a global downturn … Read more
Russian central bank says economic downturn to deepen in Q3
MOSCOW – Russia’s economic contraction will deepen in the third quarter of 2022, while its strong current account surplus, the key driver of the rouble’s … Read more
Euro zone investor morale improves but economy still in downturn
BERLIN – Investor morale in the euro zone rose more than expected in June, the first increase after Russia’s invasion of Ukraine, a survey showed … Read more