Taiwan Q4 GDP unexpectedly shrinks, worst performance in 13 years
TAIPEI (Reuters) – Taiwan’s trade-dependent economy unexpectedly contracted in the fourth quarter, putting in its worst performance in 13 years, hit by a drop in …
shrinks
China’s property sector shrinks 5.1% in 2022 – NBS
BEIJING (Reuters) – China’s property sector fell 5.1% in 2022 from a year earlier, value-added data from the National Bureau of Statistics (NBS) showed on …
Russian services activity shrinks for third month running in Dec -PMI
MOSCOW (Reuters) – Activity in Russia’s services industry shrank for the third month running in December, a survey showed on Friday, as companies faced weak …
U.S. current account deficit shrinks in third quarter
WASHINGTON (Reuters) – The U.S. current account deficit narrowed sharply in the third quarter as exports jumped to a record high, data showed on Wednesday. …
Brazil’s economic activity shrinks in October on rate hike impact
BRASILIA (Reuters) – Brazil’s economic activity contracted in October, a central bank index showed on Wednesday, as aggressive interest-rate hikes to battle inflation takes a …
Egypt private sector shrinks in November after devaluation -PMI
CAIRO (Reuters) – Egypt’s non-oil private sector shrank in November at its sharpest rate since the outbreak of the coronavirus pandemic in early 2020, with …
China’s factory activity shrinks in Nov amid widespread COVID curbs – Caixin PMI
BEIJING (Reuters) – China’s factory activity shrank in November as widespread COVID-19 curbs disrupted manufacturers’ output, a private sector survey showed on Thursday, weighing on …
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 …
Russian economy shrinks 1.7% in Jan-Sept, but capital investment up
MOSCOW (Reuters) -The Russian economy shrank 1.7% year on year from January to September, but capital investment, one of the main economic growth drivers, rose …
Russian economy shrinks 4% in third quarter – statistics agency
MOSCOW (Reuters) – Russia’s economy shrank 4% year-on-year in the third quarter of 2022, data from the Rosstat federal statistics service showed on Wednesday, as …
Russia services sector shrinks in Oct as employment falls -PMI
MOSCOW (Reuters) – Russia’s service sector contracted sharply in October, dragged down by weak domestic and foreign demand, as well as slumping workforce numbers, which …
Russia’s economy shrinks 5% year-on-year in September -economy ministry
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW (Reuters) – Russia’s economy shrank by 5% …
Gap shrinks between Egypt’s official, black market dollar prices – traders
By Mahmoud Salama CAIRO (Reuters) – The gap between the official and black market price of dollars in Egypt has narrowed significantly since the central …
UK manufacturing shrinks at fastest rate since mid-2020 – PMI
LONDON (Reuters) – British manufacturing last month suffered its biggest contraction since the depths of the first COVID-19 lockdown in May 2020, with optimism draining …
China’s Oct factory activity shrinks as COVID curbs hit output, demand – Caixin PMI
BEIJING (Reuters) – China’s factory activity weakened in October as protracted COVID-19 restrictions disrupted production and subdued demand, a private-sector survey showed on Tuesday, suggesting …
Ecuador’s slimmer budget blueprint for next year shrinks deficit
QUITO (Reuters) – Ecuador’s government predicts its budget deficit will narrow to$2.63 billion next year as it benefits from more economic growth and oil production, …
Hong Kong economy shrinks 4.5% yr/yr in Q3, outlook remains weak
HONG KONG (Reuters) – Hong Kong’s economy shrank faster in the third quarter, contracting 4.5% from the same period a year earlier, the third straight …
Concern about climate change shrinks globally as threat grows – study
By Riham Alkousaa BERLIN (Reuters) – Concerns about climate change shrank across the world last year, a survey shows, with fewer than half those questioned …
The Federal Deficit Shrinks Under Biden — With One Giant Catch
The Federal Deficit Shrinks Under Biden — With One Giant Catch John Hugh DeMastri on October 12, 2022 The deficit fell from $2.8 trillion …
UK finance minister says growth plan will address challenges as economy shrinks
LONDON (Reuters) – Britain’s finance minister Kwasi Kwarteng said on Wednesday that the government’s growth plan will address the challenges faced by the country after …
Canadian factory activity shrinks for 2nd month as rate hikes weigh
By Fergal Smith TORONTO (Reuters) – Canadian manufacturing activity contracted for a second straight month in September as higher borrowing costs and an uncertain economic …
S.Korea Aug factory output shrinks more than expected, retail sales jump
SEOUL (Reuters) – South Korea’s factory production shrank for a second month in August, missing expectations, while retail sales jumped, government data showed on Friday. …
Brazil startups expected to reduce cash burn as available capital shrinks – survey
By Tatiana Bautzer SAO PAULO (Reuters) – Founders of Brazilian unicorns, startups valued above $1 billion, believe most startups will adjust their businesses to reduce …
Fuel markets to stay tight till mid-2020s as refining shrinks
By Ahmad Ghaddar LONDON (Reuters) – Crude oil refining capacity has shrunk by a record 3.8 million barrels per day from March 2020 to mid-2022 …
Russian economy shrinks 4.1% y/y in Q2 as sanctions weigh – revised data
(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW (Reuters) – Russia’s economy shrank 4.1% year-on-year …
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 …
UK construction shrinks again as economy feels inflation heat-PMI
By William Schomberg LONDON (Reuters) – British construction companies suffered a second straight month of contraction in the face of deep uncertainty about the outlook …
China’s trade likely lost steam in Aug as demand shrinks – Reuters poll
BEIJING (Reuters) – China’s export growth likely lost steam in August amid weakening global demand, while imports were also seen slowing due to sluggish consumption …
Japan’s services sector shrinks for first time in five months in August – PMI
TOKYO (Reuters) – Japan’s services sector activity shrank for the first time in five months in August as a resurgence of COVID-19 infections hurt demand, …
Canada factory activity shrinks on sagging output, new orders
OTTAWA (Reuters) – Canadian manufacturing activity contracted in August for the first time since the early stages of the COVID-19 pandemic, amid stronger declines in …
China’s August factory activity shrinks as orders weaken – Caixin PMI
BEIJING (Reuters) – China’s factory activity contracted for the first time in three months in August amid weakening demand, while power shortages and fresh COVID-19 …
S.Korea Aug factory activity shrinks by most in two years – PMI
SEOUL, Sep 1 (Reuters) – South Korea’s factory activity shrank in August by the sharpest pace in two years, on weakening demand amid high inflation, …
Russia’s economy in July shrinks 4.3% year on year
(Reuters) – Russia’s economy shrank by 4.3% in July year on year after contracting by 4.9% in June, the economy ministry said on Wednesday. In …
Macau’s Q2 GDP shrinks 39.3% y/y amid COVID-19 pandemic
HONG KONG (Reuters) – Macau’s economy contracted by 39.3% in the second quarter from the same period a year earlier, statistics data showed on Friday. …
Russian economy shrinks 4% y/y in Q2 as sanctions weigh
MOSCOW – Russia’s economy shrank 4.0% year-on-year in the second quarter of 2022, the first full quarter of what Russia calls a “special military operation” …
Analysis-Hong Kong’s cheap funding window shrinks as banks feel cash tighten
SHANGHAI/HONG KONG – Investors who have exploited Hong Kong’s cheap interest rates all year to fund other trades globally are finding that the window is …
N.Korea’s economy shrinks for two straight years but pace of slowdown eases -S.Korea central bank
By Soo-hyang Choi SEOUL – North Korea’s economy shrank in 2021 for a second straight year after suffering its biggest contraction in more than two …
U.S. service sector index at 2-year low, employment shrinks – ISM survey
WASHINGTON – The U.S. services industry slowed less than expected in June, but a measure of services employment dropped to a two-year low, suggesting that …
Japan’s current account surplus shrinks on record imports
By Tetsushi Kajimoto TOKYO – Japan’s current account surplus shrank sharply in April as record imports overwhelmed exports, swinging the trade balance into the red, …
Russian service sector shrinks again in May on weak demand – PMI
(Reuters) – Russia’s service sector shrank for the third consecutive month in May, under pressure from the impact of Western sanctions and weak demand at …
Hong Kong Q1 GDP shrinks more than expected on COVID curbs
By Donny Kwok and Twinnie Siu HONG KONG – Hong Kong’s economy contracted in the first quarter of this year as the city imposed its …
China Q1 accommodation, catering sector shrinks for first time since 2020
BEIJING – China’s accommodation and catering sector contracted in January-March from a year earlier for the first time since 2020, pointing to increasingly flagging consumption …
Russian services sector shrinks in March at fastest pace since May 2020 – PMI
(Reuters) – Russia’s services sector activity shrank in March at the fastest rate since May 2020 when the COVID-19 pandemic hit, due to a slump …
Chile’s central bank shrinks GDP growth forecast for 2022
SANTIAGO – Chile’s central bank revised its forecast for 2022 economic growth on Wednesday, dropping it to a range of 1.0% to 2.0% from an …
Russian manufacturing shrinks in Feb as new orders fall – PMI
– Russian manufacturing activity shrank in February as new orders fell for the first time in six months as businesses felt the impact of the …
Japan’s service sector shrinks at fastest pace in 5 months – PMI
TOKYO – Japan’s services sector activity contracted at the fastest pace in five months in January in a sign businesses faced pressure from a record …