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 factories to trim staffing levels for a…
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 United States were robust while the weakness…
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 and rapidly falling output, a survey showed…
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 survey showed on Monday. S&P Global’s Polish…
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 an interview with business weekly Wirtschaftswoche. “It…
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 to fall less than anticipated at the…
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, a business survey showed on Friday. HCOB’s…
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, but that would not hurt its cashflow.…
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 and next, as the Reserve Bank of…
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 economic recovery in top export market China…
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 of companies complaining about dwindling orders in…
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 grappling with high inflation and rising interest…
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 Thursday, signalling a bumpy road towards recovery.…
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 survey showed on Monday. The S&P Global/CIPS…
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, according to a survey which painted an…
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 survey showed on Monday, underlining the challenges…
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 September 2020, according to a survey which…
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 twelfth month of decline on persistent inflation,…
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 new chief executive takes the helm at…
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 showed on Tuesday, underlining the weak global…
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, higher costs and a worsening global macro…
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 back, according to a survey which did…
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 Purchasing Managers’ Index (PMI) for manufacturing, which…
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 economy would be long lasting and anticipates…
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 will remain under pressure from a cost…
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 landlords and tenants alike during a long…
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