Instant view: Canada annual inflation rate slows to 5.2% in February
TORONTO (Reuters) – Canada’s annual inflation rate fell to 5.2% in February, largely on the base year effect, as higher mortgage interest offset lower energy …
Slows
Car carrier fire slows traffic on New Jersey Turnpike
CHERRY HILL, NJ – A tractor-trailer carrying several cars burst into flames on the New Jersey Turnpike near mile marker 29.8 in the area of …
Russian consumer inflation slows to 11% in Feb as rate decision looms
(Reuters) – Annual inflation in Russia slowed in February but remains elevated, data from the state statistics service Rosstat showed on Friday, leaving the central …
Ukraine’s GDP fall slows to 26% in February – economy ministry
KYIV (Reuters) – Ukraine’s gross domestic product fell by 26% in February after a 32% drop in January, the economy ministry said on Wednesday. Economy …
Portugal’s February inflation slows down to 8.2%
LISBON (Reuters) – Portuguese consumer prices rose 8.2% year-on-year in February in a slowdown from 8.4% reported in the previous month, flash data from National …
Brazil’s auto production, sales fall in January as demand slows
SAO PAULO (Reuters) – Brazil’s auto industry production and sales dropped sharply in January from the previous month, data from automakers association Anfavea showed on …
Australia retail sales volumes dip in Q4, price growth slows
SYDNEY (Reuters) – Australian retail sales volumes fell for the first time in a year last quarter as shoppers trimmed spending on goods, a sign …
U.S. house price inflation slows further in November
WASHINGTON (Reuters) – U.S. single-family home price growth cooled further in November, surveys showed on Tuesday, which together with declining mortgage rates could help to …
Hungary cbank could start “cautious” rate cuts once CPI slows – minister
BUDAPEST (Reuters) – Hungary’s January annual inflation is expected to rise above 25% but in February price growth will start slowing which could then allow …
Venezuela’s inflation slows to 234% in 2022, vice president says
CARACAS (Reuters) – Inflation in Venezuela hit 234% in 2022, Vice President Delcy Rodriguez said on Monday, representing a slowdown from the previous year, as …
China’s Q4 growth slows to 2.9% y/y, beats expectations
BEIJING (Reuters) – China’s economy hit a bump in the fourth quarter, growing by 2.9% year-on-year, National Bureau of Statistics data showed on Tuesday, beating …
Fed seen near certain to switch to smaller rate hikes as inflation slows
(Reuters) -The Federal Reserve is now seen nearly certain to deliver just a quarter-point interest-rate hike at its next meeting and likely to ultimately stop …
Thai Q3 household debt to GDP slows but remains a risk
BANGKOK (Reuters) – Thailand’s household debt to gross domestic product ratio dropped to 86.8% in the third quarter from 88.1% in the previous quarter, central …
Euro zone business lending growth slows sharply in November
FRANKFURT (Reuters) – Bank lending to euro zone companies slowed in November, easing back from the sector’s biggest borrowing binge in over a decade as …
Boeing slows final 787 assembly rate in South Carolina over parts delay
WASHINGTON (Reuters) – Boeing Co on Friday said it slowed production of its 787 Dreamliner in South Carolina after a parts delay, but said previously …
Central banks ramp up rates again but the pace slows
LONDON (Reuters) – Central banks in Britain, Norway, Switzerland, the euro zone and the United States have all raised interest rates this week. Many have …
ECB delivers fourth straight increase but slows pace
LONDON – The European Central Bank raised interest rates for the fourth time in a row on Thursday, and outlined plans to shrink its bloated …
Russia to hold rates at 7.5% this week as inflation slows: Reuters poll
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – The Russian central bank is expected to hold its key interest rate at 7.5% on Friday, …
Russian consumer inflation slows to 12% as central bank meeting looms
MOSCOW (Reuters) – Annual inflation in Russia slowed further in November, but consumer prices rose again in month-on-month terms, data showed on Friday, just one …
Mexico annual inflation slows to 7.8% in November, core index still a concern
MEXICO CITY (Reuters) – Mexican consumer prices rose 7.8% in the year through November, slowing down from the previous month to reach its lowest level …
UAE non-oil private sector growth slows amid global headwinds – PMI
DUBAI (Reuters) – The United Arab Emirates’ non-oil private sector grew in November at its slowest pace since January, as signs emerged that concern over …
Canadian factory sector activity slows for fourth month
TORONTO (Reuters) – Canadian manufacturing activity weakened for a fourth straight month in November as worries that the economy would slip into recession undercut demand, …
U.S. private payrolls growth slows in November-ADP
WASHINGTON (Reuters) – U.S. private payrolls increased far less than expected in November, suggesting demand for labor was cooling amid high interest rates, a survey …
Portugal’s 12-month inflation at 9.9% in November, slows down vs Oct
LISBON (Reuters) – Portuguese consumer prices rose 9.9% year-on-year in November, slowing down slighly from the 10.1% reported in the previous month, flash data from …
Turkey’s economic growth slows to 3.9% in Q3 as foreign demand falls
By Nevzat Devranoglu and Ali Kucukgocmen ANKARA (Reuters) – Turkey’s economy expanded 3.9% in the third quarter from a year ago, according to official data …
Australia monthly inflation slows in October, hints at possible peak
By Wayne Cole SYDNEY (Reuters) – Australian inflation slowed in October as prices for fruit and vegetables fell sharply and holidays costs took a surprise …
Thai economy may miss forecast next year as global growth slows -Finance Minister
BANGKOK (Reuters) – Thailand’s economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but this year’s outlook …
Sri Lanka to hold rates as inflation slows slightly, focus on IMF bailout
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to keep rates steady as inflation shows signs of easing and as authorities …
Bank of Korea to hike rates a modest 25bps on Nov 24 as growth slows- Reuters poll
By Devayani Sathyan and Anant Chandak BENGALURU (Reuters) – South Korea’s central bank will scale back its tightening pace on Thursday and hike rates by …
No easy fix for China as economy slows more than expected
By Kevin Yao BEIJING (Reuters) – An unexpectedly weak run of Chinese economic data this month has raised the heat on policymakers to deliver more …
U.S. service sector slows in October; price pressures build up – ISM survey
WASHINGTON (Reuters) – The U.S. services industry grew at its slowest pace in nearly 2-1/2 years in October, but businesses continued to face higher prices …
Canada’s growth slows in the summer as a smaller rate hike eyed
By Julie Gordon OTTAWA (Reuters) -Canada’s economy grew slightly more than expected in August and most likely stayed in positive territory through the summer, official …
China’s Huawei slows its long decline under U.S. sanctions as revenues improve
By David Kirton SHENZHEN, China (Reuters) – China’s Huawei Technologies reported modest revenue growth for a second quarter on Thursday, citing steady growth in its …
U.S. home price growth slows in August, surveys show
WASHINGTON (Reuters) – U.S. single-family home prices fell sharply on a monthly basis in August as surging mortgage rates dampened demand for housing, closely watched …
Mexican headline inflation slows in early October, core index still a concern
MEXICO CITY (Reuters) – Mexican annual inflation slowed more than expected in the first half of October, remaining far above the central bank’s target rate, …
China’s exports to Russia up by more than 20% as growth slows elsewhere
BEIJING (Reuters) – China’s exports to sanctions-hit Russia rose at a double-digit pace for the third consecutive month in September, bucking the trend of weakening …
China’s Q3 pork output growth slows as farmers reduce breeding herds
BEIJING (Reuters) – China’s third-quarter pork output reached 12.11 million tonnes, up by less than 1% year-on-year, official data showed on Monday, highlighting the impact …
Japan Oct factory growth slows to 21-month low, but services pick up – flash PMI
TOKYO (Reuters) – Japan’s factory activity growth slowed further to a 21-month low in October as relentless cost pressures torment manufacturers, but service-sector firms received …
Irish services sector growth slows slightly in Sept –PMI
DUBLIN (Reuters) – Ireland’s services sector continued to expand in September, unlike much of Europe, although the pace of growth slowed slightly due to growing …
India’s weakening exports slows trade deficit moderation – Barclays
MUMBAI (Reuters) – India’s large trade deficit is beginning to consolidate, but the weaker exports are prompting a more gradual adjustment than expected, Barclays Bank …
Swiss inflation unexpectedly slows in September
ZURICH (Reuters) – Swiss consumer price inflation slowed to 3.3% in September but still surpassed the Swiss National Bank’s 0-2% target range for the eighth …
China’s services sector activity slows in Sept – official PMI
BEIJING (Reuters) – China’s services activity expanded at a slower pace in September, an official survey showed on Friday, as COVID-19 curbs in populous cities …
Swiss Q2 current account narrows, reserve asset growth slows
ZURICH (Reuters) – Switzerland’s second-quarter current account surplus narrowed by nearly 1 billion Swiss francs to 11 billion Swiss francs ($11.23 billion), the Swiss National …
U.S. cutting global donations of Pfizer COVID shots as demand slows
By Michael Erman NEW YORK (Reuters) – The United States is significantly cutting back the number of Pfizer/BioNTech COVID-19 vaccine doses it will buy for …
Canada annual inflation rate slows to 7.0% in August
TORONTO (Reuters) – Canada’s annual inflation rate eased more than expected to 7.0% in August, largely on lower gasoline prices and slowing shelter costs, Statistics …
Analysis: Asian farmers plant to boost palm oil output, seedling shortage slows pace
By Rajendra Jadhav, Mei Mei Chu and Bernadette Christina MUMBAI/KUALA LUMPUR/JAKARTA (Reuters) – Farmers across Asia are busy planting trees to boost palm oil production …
Peru’s GDP expands 1.41% in July as growth pace slows
LIMA (Reuters) – Peru’s economy expanded 1.41% in July compared with the year before, the government said on Thursday, feeling the effects of a slowdown …
Greek inflation slows to 11.4% y/y in August, still near three-decade high
ATHENS (Reuters) – Greece’s annual consumer inflation slowed to 11.4% in August from 11.6% in the previous month, but remained close to its highest level …
Major central banks put inflation fight first as growth slows
LONDON (Reuters) – The European Central Bank on Thursday lifted its key interest rate by an unprecedented 75 basis points and signalled further hikes, the …
Taiwan central bank calls for fiscal stimulus as external demand slows
TAIPEI (Reuters) -The head of Taiwan’s central bank said on Wednesday that external demand momentum will slow next year and an expansionary fiscal policy should …