China’s factory activity shrinks again, weak demand hobbles economy
BEIJING (Reuters) -China’s manufacturing activity contracted for the fourth straight month in January, an official factory survey showed on Wednesday, suggesting the sprawling sector and the broader economy were struggling to regain…
Annual foreign investment flows into China shrinks first time since 2012
By Joe Cash BEIJING (Reuters) – Foreign direct investment into China shrank for the first time in over a decade in 2023, data released by the commerce ministry showed, underscoring the challenge…
Euro zone current account surplus shrinks in Nov
FRANKFURT (Reuters) – The euro zone’s current account surplus declined in November on lower primary income, which typically includes the flow of profits, wages, interest income and dividends into and out of…
Canadian service economy shrinks for seventh straight month
By Fergal Smith TORONTO (Reuters) – Activity in Canada’s service sector deteriorated for a seventh consecutive month in December as elevated borrowing costs weighed on the housing market, S&P Global Canada services…
Swedish economy in recession as Q3 GDP shrinks more than expected
By Johan Ahlander STOCKHOLM (Reuters) – Sweden’s economy entered recession in the third quarter, which contracted 0.3% from the previous one, as higher interest rates hit consumer spending and investments. “GDP decreased…
Euro zone corporate lending contracts as economy shrinks: ECB data
FRANKFURT (Reuters) -Bank lending to businesses across the euro zone fell for the first time since 2015 last month, data from the European Central Bank (ECB) showed on Tuesday, as growth faltered…
Germany’s economy shrinks slightly in third quarter
BERLIN (Reuters) -Germany’s economy shrank slightly in the third quarter compared with the previous three months, data from its statistics office showed on Friday. The figure confirmed an initial estimate, published in…
Japan’s factory activity shrinks for 6th month on weak demand – PMI
TOKYO (Reuters) – Japan’s factory activity shrank for a sixth straight month in November, while modest growth in the service sector was little changed, a business survey showed on Friday, highlighting the…
US reduces beef exports as cattle herd shrinks, squeezing Tyson Foods
By Tom Polansek CHICAGO (Reuters) – The United States is importing record amounts of beef this year and exporting less after ranchers slashed the nation’s cattle herd to its lowest level in…
French services sector shrinks less than first thought in Sept -PMI
PARIS (Reuters) – France’s services sector shrank slower than first estimated in September but still at the fastest rate in almost three years as falling new orders and export business weighed on…
French manufacturing activity shrinks faster in September – PMI
PARIS (Reuters) – France’s ailing manufacturing sector contracted for the eighth month in a row in September, with production and new orders falling at their sharpest rates in over three years, a…
Italy’s manufacturing shrinks in Sept, no respite in sight – PMI
ROME (Reuters) – Italy’s manufacturing sector contracted in September for a sixth consecutive month, a survey showed on Monday, amid persistent declines in output and new orders in the euro zone’s third-largest…
Spanish factory activity shrinks for sixth straight month in Sept -PMI
MADRID (Reuters) – Factory activity in Spain shrank again in September as market conditions and high prices weighed on manufacturers, who also shed jobs as a result, a survey showed on Monday.…
Japan’s factory activity shrinks, service sector growth slows in Sept – PMI
TOKYO (Reuters) – Japan’s factory activity contracted for the fourth straight month and the service sector growth slipped to an eight-month low, a survey showed on Friday, highlighting the challenges facing the…
Argentina’s economy shrinks for first time in nearly three years
BUENOS AIRES (Reuters) – Argentina’s economy shrank 4.9% in the second-quarter of 2023 versus the year-ago period, the country’s statistics agency said on Tuesday, slightly missing analysts’ forecast of a 4.8% contraction…
German service sector activity shrinks in Aug for first time in 2023 -PMI
BERLIN (Reuters) – Activity in Germany’s services sector contracted in August for the first time this year, a survey showed on Tuesday. The HCOB final services Purchasing Managers’ Index (PMI) fell to…
French services sector shrinks more than first thought in Aug -PMI
PARIS (Reuters) – France’s dominant services sector contracted more than first estimated in August as another fall in new orders weighed on business in the euro zone’s second-biggest economy, a survey showed…
South Korea factory activity shrinks at quicker pace in August – PMI
By Jihoon Lee SEOUL (Reuters) – South Korea’s factory activity weakened at a faster pace in August, extending its longest-ever slump by another month as export orders fell again, a private business…
Japan’s factory activity shrinks, squeezed by costs – PMI
TOKYO (Reuters) – Japan’s factory activity shrank for a third straight month in August, a survey showed on Friday, as manufacturers were squeezed by cost pressures from raw material inflation and rising…
Sweden’s economy shrinks in Q2, but less than feared
STOCKHOLM (Reuters) – The Swedish economy shrank in the second quarter, primarily due to slower exports and decreased trade inventories, though the contraction was smaller than expected, data from the Statistics Office…
Column-China, Japan share of U.S. bond market shrinks to record low: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) – What if Japan or China intervened in the foreign exchange market to sell dollars and support their currencies and liquidated U.S. Treasuries in the process…
Japan’s factory activity shrinks at slower pace in Aug – PMI
TOKYO (Reuters) – Japan’s factory activity shrank for a third straight month in August amid higher oil prices and uncertainty over the global economic outlook, although the pace of decline slowed, a…
Peru economy shrinks for two straight quarters, minister denies recession
(Reuters) – Peru’s finance minister said on Tuesday that preliminary data showed the country’s economy shrank in June, marking two consecutive quarters of contraction, which is a common definition for a recession.…
Spain’s factory activity shrinks again in July on weak demand -PMI
MADRID (Reuters) – Factory activity in Spain contracted for the fifth consecutive month in July as domestic and foreign demand for Spanish goods weakened, a survey showed on Tuesday. The HCOB Purchasing…
German manufacturing shrinks in June as demand weakens-PMI
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in more than three years in June, with both output and new orders falling, a survey showed on Monday. The HCOB…
Italy’s manufacturing shrinks at steepest rate since COVID lockdowns – PMI
ROME (Reuters) – Italy’s manufacturing sector contracted in June at the steepest rate in over three years, a survey showed on Monday, signalling a recession ahead unless buoyant services can prop up…
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