Morning commute slows across New Jersey due to crashes, delays, and water main breaks
NEWARK, N.J. — Morning commuters across New Jersey are facing heavy delays due to a series of crashes, lane closures, and ongoing congestion, with major roadways experiencing significant backups. Traffic on the…
Crack in US dollar strength to spread as economy slows: Reuters poll
By Hari Kishan BENGALURU (Reuters) – The dollar’s recent weakness will linger for the rest of the year, according to a majority of FX strategists in a Reuters poll, who also said…
Italy’s economy stagnates in Q3, but inflation slows sharply
By Gavin Jones and Antonella Cinelli ROME (Reuters) – Italy’s economy stagnated in the third quarter from the previous three months, preliminary data showed on Tuesday, a weaker reading than expected following…
China Jan-Sept fiscal revenue growth slows amid shaky recovery
BEIJING (Reuters) – China’s fiscal revenue grew 8.9% in the first nine months, decelerating from a 10% gain in January-August, official data showed, as its economic recovery remained on shaky ground. Fiscal…
South Korea household debt growth slows in September
SEOUL (Reuters) – South Korea’s household borrowing grew in September for a sixth straight month, but by a smaller amount than the month before, central bank data showed on Thursday. Total household…
Drop in euro zone investor mood slows in October – survey
BERLIN (Reuters) – Investor morale in the euro zone fell less than expected at the start of October, with Germany’s economic weakness continuing to drag on the region but expectations rising slightly,…
US service sector slows modestly in September -ISM survey
WASHINGTON (Reuters) – The U.S. services sector slowed in September as new orders fell to a nine-month low, but the pace remained consistent with expectations for solid economic growth in the third…
Japan service activity growth slows down in September – PMI
TOKYO (Reuters) – Japan’s service activity in September expanded for the 13th month but at the slowest pace since the start of the year, a private survey showed, a worrying sign as…
Instant view: US core inflation slows in August, consumer spending rises
NEW YORK (Reuters) – U.S. consumer spending increased in August, but underlying inflation moderated, with the year-on-year rise in prices excluding food and energy slowing to below 4.0%. With gasoline price surging,…
French inflation unexpectedly slows in September as food price rises ease
PARIS (Reuters) – French inflation unexpectedly slowed in September as easing price rises in the food sector outpaced higher prices in the energy sector, preliminary EU-harmonised official data showed on Friday. French…
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…
China’s Jan-Aug fiscal revenue growth slows despite policy support
BEIJING (Reuters) – China’s fiscal revenue rose 10% in the Jan-Aug period of 2023, slower than 11.5% growth in Jan-July, official data showed, even as the economy showed signs of stabilisation in…
Swedish inflation slows in August; Riksbank still expected to hike next week
STOCKHOLM (Reuters) – The pace of headline Swedish inflation slowed more than expected in August, official data showed on Thursday, but analysts believe it will not be enough to prevent the central…
Hungary’s tax-adjusted core CPI slows to 15.2% y/y in Aug -cenbank
BUDAPEST (Reuters) – Hungary’s tax-adjusted core inflation slowed to an annual 15.2% in August from 17.5% in July, the central bank said on Friday. The bank said a decline in retail sales…
UAE’s non-oil business growth slows in August but confidence high-PMI
DUBAI (Reuters) – Growth in non-oil business activity in the United Arab Emirates eased in August to the slowest pace in six months, but business confidence rose to its highest since before…
UK consumer spending growth slows in August despite ‘Barbenheimer’ boost
By David Milliken LONDON (Reuters) – British consumer spending growth lost pace last month, adding to signs of a weakening economy, despite a doubling in cinema takings after the release of the…
Overturned Vehicle Slows Traffic at Toms River Toll Plaza
TOMS RIVER, NEW JERSEY – An overturned vehicle at the Toms River toll plaza disrupted northbound traffic on the Garden State Parkway Friday afternoon. The incident occurred just north of the toll…
Canadian factory PMI falls to three-year low as output slows
By Fergal Smith TORONTO (Reuters) – Contraction in Canada’s manufacturing sector gathered pace in August as production and new orders declined, data showed on Friday, in a potential sign that higher borrowing…
South Africa producer inflation slows to 2.7% y/y in July
JOHANNESBURG (Reuters) – South Africa’s producer inflation slowed to 2.7% year on year in July from 4.8% in June, statistics agency data showed on Thursday. On a month-on-month basis, the producer price…
Fed can stop hiking rates if economy slows at current pace, Rosengren says
By Lisa Pauline Mattackal (Reuters) – The Federal Reserve can end its interest rate hiking cycle if the labor market and economic growth continue to slow at the current gradual pace, the…
US private payrolls growth slows sharply in August – ADP
WASHINGTON (Reuters) – U.S. private payrolls increased less than expected in August, the latest indication that the labor market was losing steam, though it remains tight. Private payrolls rose by 177,000 jobs…
Euro zone lending growth slows further as rate hikes bite
BERLIN (Reuters) – Growth in lending to euro zone companies slowed again in July, adding to already mounting evidence that sharply higher interest rates are putting a brake on credit creation and…
Australia retail sales rebound after fall, annual rate slows further
SYDNEY (Reuters) – Australian retail sales rebounded in July after a sharp fall the previous month, but the annual rate slowed further, a result that should not upset the outlook for interest…
Thailand’s employment growth drops in Q2 as economy slows
BANGKOK (Reuters) – Thailand’s employment in the second quarter rose 1.7% from a year earlier, slowing from a 2.4% increase in the previous three months, the state planning agency said on Monday,…
Nigeria’s GDP growth slows to 2.5% y/y in Q2 as reforms get under way
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s annual economic growth rate slowed to 2.51% in the second quarter, data showed on Friday, hurt by a fall in oil production amid a series…
Ukraine’s annual consumer inflation slows to 11.3% in July
KYIV (Reuters) – Ukraine’s annual consumer inflation slowed to 11.3% in July compared with the same month a year ago, the statistics service said on Wednesday. It said in a statement that…
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