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…
BOJ ramps up bond buying ahead of policy meet, yields fall sharply
By Junko Fujita TOKYO (Reuters) -The Bank of Japan increased the amount of bonds it was planning to buy in the day’s operations on Wednesday, affirming its commitment to defend its ultra-low…
China’s Sept factory activity contracts more sharply as demand slumps – Caixin PMI
BEIJING (Reuters) – China’s factory activity contracted at a sharper pace in September as strict COVID lockdowns disrupted production and dampened sales, a private sector survey showed on Friday. Weakening global demand…
U.S. economic growth revised up; gap between GDP and GDI narrows sharply
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy’s recovery from the COVID-19 pandemic was much stronger than initially thought amid massive fiscal stimulus, according to revisions on Thursday, which also showed…
Euro zone economic sentiment falls sharply as inflation expectations rise
BRUSSELS (Reuters) – Euro zone economic sentiment fell sharply and by more than expected in September, data showed on Thursday, as confidence dropped among companies and consumers, who are also downbeat about…
Australian trade surplus shrinks sharply in July
SYDNEY (Reuters) – Australia’s trade surplus shrank by more than expected in July as exports of iron ore and coal cooled after a very strong run, while more Australians travelled and spent…
M onthly inflation brakes sharply; Gasoline price drop restrains U.S. consumer spending
By Lucia Mutikani WASHINGTON – U.S. consumer spending barely rose in July as falling gasoline prices hurt sales at service stations, but monthly inflation slowed sharply, which could reduce the need for…
Attacks on Brazil’s indigenous people rose sharply in 2021, report says
By Anthony Boadle BRASILIA (Reuters) – Attacks on Brazil’s indigenous people and invasions of their lands by illegal miners and loggers, mainly in the Amazon, increased dramatically in 2021, escalating an already…
U.S. consumers’ inflation outlooks drop sharply, NY Fed survey shows
(Reuters) – U.S. consumers’ expectations for where inflation will be in a year and three years dropped sharply in July, a New York Federal Reserve survey showed on Monday, indicating U.S. central…
U.S. trade deficit narrows sharply; exports at record high
WASHINGTON – The U.S. trade deficit narrowed sharply in June as exports surged to a record high, a trend that could see trade continuing to contribute to gross domestic product in the…
Pakistan imports fall sharply in July, to help rupee stabilise – finance minister
ISLAMABAD – Pakistan imports fell by more than a third in July after a ban on non-essentials, the finance minister said on Sunday, adding the improved trade situation will reduce pressure on…
Sustainable fund flows drop sharply, but stay positive in Q2
By Cole Horton (Reuters) – Global sustainable funds saw net new deposits plummet last quarter as concerns about a looming recession weighed on investors, but they held up better than their traditional…
U.S. goods trade deficit narrows sharply in June; inventories increase
WASHINGTON – The U.S. trade deficit in goods narrowed sharply in June amid a surge in exports, which could potentially calm fears that the economy contracted again in the second quarter. The…
Chile sharply raises estimates for inflation in 2022; GDP seen up 1.6%
By Fabian Cambero SANTIAGO – Chile’s government on Tuesday sharply increased its estimates for the country’s inflation in 2022, saying it now expects an 11.1% rise, against an 8.9% rise seen in…
India cenbank gives sharply lower surplus of 303 billion rupees to govt
MUMBAI – India’s central bank transferred 303.07 billion rupees ($3.91 billion) to the government as a dividend for the fiscal year ending in March 2022 and decided to keep its contingency risk…
EM economic growth to slow sharply this quarter -JPMorgan
NEW YORK – Economic growth in emerging markets is set to slow “sharply” this quarter weighed by China, Russia and the spread of tighter monetary conditions, JPMorgan analysts said on Monday. “China’s…
Brazil’s government-owned oil sales to climb sharply, official says
By Sabrina Valle HOUSTON – Brazil’s direct sales of crude will more than double this year and rise sharply this decade, as oil majors deliver more of their output to the government…
U.S. March budget deficit falls sharply as revenues surge, COVID outlays drop
(Reuters) – The U.S. government posted a $193 billion budget deficit in March, less than a third of the $660 billion gap a year earlier, the Treasury Department said on Tuesday, as…
U.S. housing starts rebound sharply in Feb; building permits fall
WASHINGTON – U.S. homebuilding rebounded sharply in February as the drag from cold weather eased, and while permits fell, they remained at higher levels, suggesting an acute shortage of houses will continue…
Russian rouble yet to trade, indicated sharply lower
SYDNEY – The Russian rouble had yet to trade officially in Asia early on Monday but was quoted on dealing sites at between 98.00 to 100.00 per dollar after Western states announced…
EU exec cuts 2022 euro zone growth forecast, sharply raises inflation view
By Jan Strupczewski BRUSSELS – Euro zone economic growth will be slower than earlier expected this year because of a new wave of COVID-19 infections, high energy prices and continued supply-side disruptions,…
U.S. crop insurance payouts rise sharply as climate change worsens droughts, floods
By Leah Douglas – Insurance payments to U.S. farmers for crops lost to droughts and flooding have risen more than threefold over the past 25 years, according to an analysis of federal…
US Trade Deficit Falls Sharply For First Time In 6 Months
The U.S. trade deficit narrowed considerably in October, with exports in energy and commodities offsetting a slight jump in imports, the Commerce Department announced Tuesday. October’s trade deficit fell by 17.6% to…
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