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Search resuls for: "Lucia Mutikani Jonathan Cable"


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☆ U.S., Euro zone business activity accelerates to 11-month highs in April
  + stars: | 2023-04-21 | by ( Lucia Mutikani Jonathan Cable | Lucia Mutikani | Jonathan Cable | ) www.reuters.com   time to read: +5 min
The survey's flash services sector PMI rose to 53.7, the highest reading in a year, from 52.6 in March. Economists polled by Reuters had forecast the services PMI falling to 51.5. Flash PMIIn the euro zone, the bloc's dominant services industry saw already-buoyant demand rise too, more than offsetting a deepening downturn in manufacturing. However, the manufacturing PMI fell to 45.5 from 47.3, its lowest since the coronavirus pandemic was cementing its grip on the world three years ago. "The PMI sheds a positive light on the economic performance in the euro zone, as a pickup in service sector activity is boosting growth," said Bert Colijn, senior euro zone economist at ING, noting manufacturing weakness remained a concern.
☆ Global factory activity contracted again in January, highlighting fragile recovery
  + stars: | 2023-02-01 | by ( Lucia Mutikani Jonathan Cable | Lucia Mutikani | Jonathan Cable | ) www.reuters.com   time to read: +6 min
In France, the bloc's second-biggest economy, factory activity returned to growth albeit not as strongly as initially forecast. In Asia, factory activity contracted in January as the boost from China's COVID reopening had yet to take full effect. China's factory activity shrank more slowly in January after Beijing lifted tough COVID curbs late last year, a private sector survey showed. China's Caixin/S&P Global manufacturing (PMI) nudged up to 49.2 in January from 49.0 in December, staying below the 50 mark for a sixth straight month. Factory activity expanded in January in Indonesia and the Philippines but shrank in Malaysia and Taiwan, PMI surveys showed.
☆ GLOBAL ECONOMY U.S. business activity weakens further; euro zone downturn eases slightly
  + stars: | 2022-11-23 | by ( Lucia Mutikani Jonathan Cable | Lucia Mutikani | Jonathan Cable | ) www.reuters.com   time to read: +6 min
Meanwhile, the downturn in euro zone business activity eased slightly in November, offering a glimmer of hope the expected recession there may be shallower than feared, but consumers still cut spending amid a cost of living crisis. However, November is the fifth month the index has been below the 50 mark separating growth from contraction. But in France activity contracted for the first time since February 2021 as lower new orders weighed on the euro zone's second-biggest economy. Activity in the bloc's dominant services industry declined again, with the headline index matching October's 20-month low of 48.6. Manufacturing activity, particularly hard hit by soaring energy prices and disrupted supply chains, also declined but at a slower pace.
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