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…
UK hiring falls at fastest pace in over three years, wage growth slows
By Suban Abdulla LONDON (Reuters) – British employers reduced the number of new permanent staff they hired through recruitment agencies by the most since mid 2020 last month due to concerns about…
Indonesia’s Q2 GDP growth likely slows as exports weaken: Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – Indonesia’s economy likely grew 4.93% from a year earlier in the April-June quarter, the slowest since the third quarter of 2021, due to weakening global demand…
US services sector slows in July while prices pick up, ISM survey shows
WASHINGTON (Reuters) – The U.S. services sector slowed in July, but businesses faced higher prices for inputs as demand continued to hold up, suggesting a long and slow road to low inflation.…
US productivity surges in second quarter; labor costs growth slows
WASHINGTON (Reuters) – U.S. worker productivity rebounded sharply in the second quarter, helping to curb growth in labor costs and offering another boost to the improving inflation outlook. Nonfarm productivity, which measures…
Canadian factory activity slows for third straight month in July
By Fergal Smith TORONTO (Reuters) – Canada’s manufacturing sector contracted for the third straight month in July as an uncertain economic outlook held back new orders, offsetting a pickup in production, data…
Rate hike push slows in July as Chile marks turn of the EM cycle
By Karin Strohecker and Vincent Flasseur LONDON (Reuters) – The pace and scale of interest rate hikes across major developed and emerging economies shifted into a lower gear in July with policy…
Indonesia’s July inflation rate slows to 3.08% y/y
JAKARTA (Reuters) – Indonesia’s annual inflation rate cooled further to 3.08% in July, moving closer to the middle of the central bank’s target range and roughly in line with expectations, data from…
Hong Kong quarterly GDP growth slows on sluggish global economy
HONG KONG (Reuters) – Hong Kong’s economic growth slowed in the second quarter from a year earlier, advance government data showed on Monday, with the momentum softening after a strong rebound in…
US labor costs growth slows in second quarter
WASHINGTON (Reuters) – U.S. labor costs increased less than expected in the second quarter as wage growth cooled a bit, offering a boost to the Federal Reserve in the fight against inflation.…
Inflation in Japan’s capital slows in July, stays above BOJ target
By Yoshifumi Takemoto and Leika Kihara TOKYO (Reuters) – Core inflation in Japan’s capital slowed in July but remained well above the central bank’s 2% target, data showed on Friday, keeping pressure…
Euro zone lending slows further as rate hikes bite
FRANKFURT (Reuters) – Lending to euro zone companies slowed again last month, adding to already mounting evidence that sharply higher interest rates are putting a brake on credit creation and economic growth.…
Japan’s business services inflation slows in June
TOKYO (Reuters) – Japan’s business-to-business service inflation slowed in June, data showed on Wednesday, suggesting that companies remained slow in passing on rising labour costs despite a tight job market. The services…
US existing home sales fall; annual house price decline slows
WASHINGTON (Reuters) – U.S. existing home sales dropped to a five month-low in June, depressed by a chronic shortage of houses on the market that slowed the pace of decline in annual…
Instant View: Canada annual inflation rate slows to 2.8% in June
(Reuters) – Canada’s annual inflation rate slowed to 2.8% in June on lower prices for gasoline as a result of the base-year effect, while food and mortgage interest costs remain high, Statistics…
Australia expects unemployment rate to rise as global economy slows
SYDNEY (Reuters) – Australian Treasurer Jim Chalmers said on Sunday that he expected the nation’s jobless rate to lift from near a 48-year low on the back of higher interest rates and…
European assets jump after U.S. inflation slows
MILAN (Reuters) – European shares, currencies and bonds rallied on Wednesday after U.S. inflation slowed in June, feeding bets the Federal Reserve is nearing the end of a series of steep interest…
UK business momentum slows in June despite falling inflation -PMI
By David Milliken LONDON (Reuters) – Growth in Britain’s private sector slowed sharply last month, despite businesses facing lower inflation, as higher Bank of England interest rates weighed on demand, a survey…
German services sector loses some shine as growth slows -PMI
BERLIN (Reuters) – Growth in Germany’s services sector slowed in June amid signs a recent resurgence in demand was losing steam, a survey showed on Wednesday. The HCOB final services Purchasing Managers’…
Italy’s service sector grows in June, but pace slows again – PMI
ROME (Reuters) – Italy’s services sector grew in June for a sixth month running, albeit at a slower pace than in May, with higher interest rates weighing on sentiment in the euro…
Canadian factory activity slows further in June
By Fergal Smith TORONTO (Reuters) – Contraction in Canada’s manufacturing sector deepened slightly in June as an uncertain economic outlook weighed on both domestic and foreign demand, data showed on Tuesday. The…
China’s debt relief to poor countries slows amid continuing appeals for support
By Joe Cash BEIJING (Reuters) – The value of Chinese debt relief decreased by over 50% between 2021 and 2022, a report from Rhodium Group showed, with Angola alone receiving two thirds…
INSTANT VIEW: Canada annual inflation rate slows to 3.4% in May
TORONTO (Reuters) – Canada’s annual inflation rate slowed to 3.4% in May on lower prices for gasoline as a result of the base-year effect, while mortgage interest costs remain high, Statistics Canada…
US business activity growth slows in June but services keep humming along
By Dan Burns (Reuters) – U.S. business activity fell to a three-month low in June as services growth eased for the first time this year and the contraction in the manufacturing sector…
China seen cutting key lending benchmarks as economy slows
SHANGHAI/SINGAPORE (Reuters) – China is widely expected to cut key lending benchmarks on Tuesday in the first such easing in 10 months, a Reuters survey showed, as authorities seek to shore up…
Argentina annual inflation hits 114% but monthly rate slows unexpectedly
By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s annual inflation rate topped 114% in May, but in a silver lining for the embattled South American country the monthly rise came in well…
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