Business

Euro zone Oct factory growth hurt by supply woes, price pressures -PMI

FILE PHOTO: A worker wears a protective mask at the Volkswagen assembly line after VW re-starts Europe’s largest car factory after coronavirus shutdown in Wolfsburg, Germany, April 27, 2020, as the spread of the coronavirus disease (COVID-19) continues. Swen Pfoertner/Pool via REUTERSLONDON (Reuters) – Manufacturing activity remained strong in the euro zone last month but […]

Economy

Asian factories shake off lockdown blues, now face supply headaches

TOKYO (REUTERS) – Asia’s manufacturing activity grew last month as emerging economies saw Covid-19 infections subside, but rising input costs, material shortages and slowing Chinese growth cloud the outlook, business surveys showed on Monday (Nov 1). Policymakers in the region face pressures on multiple fronts as they steer their economies out of the pandemic-induced doldrums […]

Business

China Oct official services PMI falls to 52.4 vs 53.2 in Sep

FILE PHOTO: A woman gets her phone’s QR code of the digital payment services scanned at a food shop, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China October 10, 2020. REUTERS/Aly Song(Corrects month in final paragraph) BEIJING (Reuters) – Activity in China’s services sector grew at a slower pace in October, official data showed […]

Business

Euro zone business activity soared in June as lockdowns lifted

LONDON (Reuters) – Euro zone businesses expanded activity at the fastest rate in 15 years in June as the easing of more coronavirus restrictions brought life back to the bloc’s dominant service industry, a survey showed on Monday.FILE PHOTO: People enjoy an evening drink at Place de la Contrescarpe in Paris as cafes, bars and […]

Economy

Singapore factory activity expands in April at fastest pace since December 2018

SINGAPORE – Singapore saw its overall manufacturing activity expanding in April at the fastest pace in more than two years, aided mainly by gains in new orders, new exports, and employment. However, analysts said uncertainty about the new variants of Covid-19 poses downside risks to the outlook. The Singapore Purchasing Managers’ Index (PMI) rose for […]

Business

China's factory activity likely slowed in June on subdued global demand, Reuters poll shows

BEIJING (Reuters) – China’s factory activity likely grew for the fourth month June but the pace may be waning, as global demand stayed subdued while a fresh coronavirus outbreak in the Chinese capital and rising worldwide cases threaten to undermine a gradual domestic recovery. The official manufacturing Purchasing Manager’s Index (PMI), due for release on […]