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…
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 toll on growth in Latin America’s largest…
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 a weaker currency weighing on the cost…
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 employment and economic growth in the fourth…
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 Thursday, possibly suggesting the worst is over…
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 5.9% in the same period, data from…
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 the consequences of the country’s military actions…
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 fell at the fastest pace in over…
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% on an annualised basis in September, the…
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 bank announced a flexible exchange rate policy,…
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 fast, a survey showed on Tuesday. The…
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 a weaker economic recovery in the fourth…
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, according to a draft spending blueprint announced…
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 quarter of downturn, advance government data showed…
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 believing it posed a “very serious threat”…
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 in fiscal year 2021 to $1.4 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 the latest data showed the economy had…
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 outlook contributed to a drop in new…
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. The country’s industrial output fell 1.8% on…
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 cash burn amid a drop in venture…
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 as demand expanded, setting the stage for…
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 in the second quarter of 2022, data…
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…
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 for the inflation-hit economy, a survey showed…
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 and a property crisis, raising concerns about…
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, a business survey showed. The contraction shows…
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