UK construction sector contracts sharply in November-PMI
By David Milliken LONDON (Reuters) – Britain’s construction sector activity fell sharply for a third month in a row in November, led by an ongoing slump in house-building as it bears the…
World Bank sees Saudi economy contracting in 2023, MENA growth sharply lower
By Rachna Uppal DUBAI (Reuters) – The World Bank expects Saudi Arabia’s economy to contract by 0.9% in 2023, it said in a report on Thursday, revising its growth forecast for the…
France’s services sector contracts sharply in September – flash PMI
PARIS (Reuters) – France’s dominant services sector contracted at an even sharper pace in September, a monthly survey showed on Friday, as falls in demand and new orders weighed on the euro…
Qatar records $2.74 billion budget surplus in Q2, spending up sharply
By Rachna Uppal (Reuters) – Qatar recorded a budget surplus of 10 billion riyals ($2.74 billion) in the second quarter of 2023, the finance ministry said on Thursday, despite lower hydrocarbon revenue…
US private payrolls growth slows sharply in August – ADP
WASHINGTON (Reuters) – U.S. private payrolls increased less than expected in August, the latest indication that the labor market was losing steam, though it remains tight. Private payrolls rose by 177,000 jobs…
Core inflation in Japan’s capital seen slowing sharply in July -analysts
TOKYO (Reuters) – Core inflation in Japan’s capital likely stayed above the central bank’s 2% target but slowed sharply in July, a Reuters poll showed on Friday, suggesting that easing cost pressures…
German tax revenues drop sharply in June – Finance Minister
BERLIN (Reuters) – Tax revenues of Germany’s federal and regional state governments fell by 7.3% in June compared with the previous year, reflecting tax relief measures to compensate for inflation and a…
U.S. Treasury posts sharply higher $228 billion June deficit
By David Lawder WASHINGTON (Reuters) – The U.S. government posted a $228 billion budget deficit for June, up 156% from a year earlier as revenues continued to weaken and July benefit payments…
Australia business activity slows sharply in May, more risks ahead
SYDNEY (Reuters) – Australia’s business conditions eased sharply in May, dented by slower gains in sales and employment, suggesting demand growth is moderating in the wake of the central bank’s most aggressive…
Portugal’s inflation slows down sharply to 4% in May
LISBON (Reuters) – Portuguese consumer prices rose 4.0% year-on-year in May in a significant slowdown from a 5.7% increase the previous month, also slipping slightly on a monthly basis, flash data released…
Car sales push Irish retail sales sharply higher again
DUBLIN (Reuters) – Annual Irish retail sales volumes rose sharply again last month due to another surge in car sales, jumping 7.5% year-on-year, Central Statistics Office data showed on Monday. When a…
US sharply raises shale oil drilling count but not output forecast
By Stephanie Kelly NEW YORK (Reuters) – U.S. oil producers were much more active last year in the prolific Permian Basin than the Energy Information Administration previously thought, the agency said on…
Euro zone industry output falls sharply, with Ireland plunge
BRUSSELS (Reuters) – Euro zone industrial production fell by far more than expected in March as output of capital goods plunged, although the sharp reduction appeared to be a result of figures…
US trade deficit narrows sharply in March as exports rise
WASHINGTON (Reuters) – The U.S. trade deficit narrowed sharply in March as exports increased, which could position trade to continue contributing to economic growth in the second quarter. The trade deficit contracted…
U.S. goods trade deficit narrows sharply in March; retail inventories rise
WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed sharply in March as exports surged and imports declined, which augurs well for economic growth in the first quarter. The goods trade…
China’s exports to North Korea rise sharply in March
BEIJING (Reuters) – China’s overall exports to North Korea in March rose sharply compared with the same month last year for the second month in a row, with the major export items…
China new home sales rise sharply in March – survey
BEIJING (Reuters) – China’s new home sales rose sharply in March, as a slew of support policies boosted a pickup in demand across the board in 14 surveyed cities, a private survey…
Japan’s Feb consumer inflation seen slowing sharply on subsidies – Reuters Poll
TOKYO (Reuters) – Japan’s core consumer inflation likely slowed sharply in February from a 41-year high in the previous month, a Reuters poll of 20 economists showed, as government subsidies for gas…
Dollar demand picks up sharply as turmoil in banks rattles investors
LONDON (Reuters) – Demand for U.S. dollars in the currency derivative markets surged on Friday to its highest since mid-December, after a meltdown in U.S. banking stocks ignited a wave of investor…
Australia’s current account surplus widens sharply in Q4
SYDNEY (Reuters) – Australia’s current account surplus rose sharply in the December quarter as resource exports boomed and imports eased, providing a sizable fillip to economic growth. Data from the Australian Bureau…
China Dec manufacturing contracts sharply as COVID infections soar
BEIJING (Reuters) -China’s factory activity shrank for the third straight month in December and at the sharpest pace in nearly three years as COVID infections swept through production lines across the country…
Euro zone business lending growth slows sharply in November
FRANKFURT (Reuters) – Bank lending to euro zone companies slowed in November, easing back from the sector’s biggest borrowing binge in over a decade as rising interest rates and a looming recession…
U.S. goods trade deficit widens sharply in October
WASHINGTON (Reuters) – The U.S. trade deficit in goods widened sharply in October as exports declined amid slowing global demand and a strong dollar. The goods trade deficit surged 7.7% to $99.0…
Wall Street ends sharply higher on sign of cooling inflation
By Noel Randewich (Reuters) – The S&P 500 and Nasdaq jumped on Thursday, racking up their biggest daily percentage gains in over 2-1/2 years as a sign of slowing inflation in October…
Japan economy set to slow sharply as global inflation, recession risks hurt- Reuters poll
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s economy is expected to have slowed markedly in the third quarter as global recession risks hurt external demand while rising inflation and a weak yen’s…
China, HK stocks rebound sharply on unverified social media posts over COVID easing
SHANGHAI (Reuters) – Hong Kong and China stocks jumped on Tuesday after rumours based on an unverified note circulating on social media that China was planning a reopening from strict COVID curbs…
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