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…
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 output and new orders, and the first…
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 flare-ups disrupted production, a private sector survey…
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, rising interest rates and the war in…
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 January through July, the economy shrank by…
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. Tourist arrivals fell 27.5% on year in…
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” in Ukraine, preliminary data from the federal…
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 closing as local cash conditions tighten and…
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 decades the previous year amid U.N. sanctions…
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 demand for labor could be ebbing as…
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, data showed on Wednesday, stoking some concerns…
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 home, the S&P Global purchasing managers index…
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 most stringent restrictions to curb an outbreak…
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 weakened by COVID curbs on travel and…
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 in client demand and new orders, a…
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 estimate of 1.5% to 2.5% in December.…
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 COVID-19 pandemic, a survey showed on Tuesday.…
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 surge in new coronavirus infections due to…
Canada budget deficit shrinks over first eight months of 2021/22
OTTAWA, Jan 28 – Canada recorded a much smaller budget deficit in the first eight months of fiscal 2021/22 compared to the same period a year ago, as the costs of the…
Breaking News
