China’s factory service polls suggest the economy is struggling to recover

China September Official manufacturing PMI above forecasts A private survey shows a sharp decline in factory activity Business growth in the service sector slowed in September – official survey Covid slows down, the weakening of foreign demand, the weakness of real estate weigh BEIJING, Sept. 30 (Reuters) – China’s industrial activity posted strong growth in … Read more

Weekly claims for unemployment benefits in the United States hit a five-month low; darkening of the economic picture

Weekly claims for unemployment benefits drop from 16,000 to 193,000 Continuing receivables decreased from 29,000 to 1,347 million Second quarter GDP contraction not revised at the rate of 0.6%. Gross domestic income revised downwards towards GDP WASHINGTON, Sept. 29 (Reuters) – The number of Americans filing new jobless claims last week has fallen to a … Read more

The US job market is resilient as signs of recession strengthen

Weekly claims for unemployment benefits increase from 5,000 to 213,000 Continuous requests drop from 22,000 to 1,379 million WASHINGTON, Sept. 22 (Reuters) – The number of Americans filing new jobless claims increased moderately last week, indicating the labor market remains tight despite the Federal Reserve’s attempt to cool demand with aggressive hikes. interest rates. The … Read more

Yen holdings after Japan supports the currency for the first time since 1998

Register now for FREE unlimited access to Reuters.com Sign in “We have taken decisive action,” says the Japanese deputy finance minister Dollar / yen has the widest spread between the daily high and low since 2016 Pound, Swiss franc and Norwegian krone slide after a slight rate hike The dollar reaches a new multi-year high … Read more

Retail sales in the US rise unexpectedly, but inflation holds back spending

Retail sales rose 0.3% in August July data has been revised down to show a 0.4% drop in sales Major retail sales unchanged; July sales revised downwards Weekly claims for unemployment benefits drop from 5,000 to 213,000 Manufacturing production rose by 0.1% in August WASHINGTON, Sept. 15 (Reuters) – U.S. retail sales rebounded unexpectedly in … Read more

Stubbornly high rents, food prices push US inflation in August

The consumer price index rose by 0.1% in August Rent, food and healthcare contribute to the rise in CPI Core CPI increased by 0.6%; it increased by 6.3% year over year WASHINGTON, Sept.13 (Reuters) – U.S. consumer prices rose unexpectedly in August, and underlying inflation accelerated due to rising rental and healthcare costs, giving the … Read more

Snapshot view: India’s August retail inflation accelerates to 7% yoy as food prices rise

A worker carries a sack of onions at a wholesale market in Kolkata, India, December 14, 2021. REUTERS / Rupak De Chowdhuri Register now for FREE unlimited access to Reuters.com Sign in BENGALURU, Sept. 12 (Reuters) – Indian retail inflation rose to 7% yoy in August, driven by soaring food prices, increasing pressure on the … Read more

Chinese trade falters as demand declines at home and abroad

An aerial view shows containers and cargo ships at Qingdao Port in Shandong Province, China, May 9, 2022. Photo taken with a drone. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com Sign in Single-digit Chinese export growth, wrong predictions Imports are lagging behind, reflecting weak demand The trade balance shrinks from … Read more

Europe is heading into recession as the cost of living crisis deepens

Register now for FREE unlimited access to Reuters.com Sign in LONDON, 5 Sept. (Reuters) – The eurozone is almost certainly entering recession, with polls on Monday showing a worsening of the cost of living crisis and a gloomy outlook that keeps consumers wary of spending. While there has been some easing of price pressures, according … Read more

Solid employment growth in the US in August, but the job market begins to ease

Register now for FREE unlimited access to Reuters.com Sign in Non-farm payrolls increase by 315,000 in August The unemployment rate rose to 3.7% from 3.5% in July Average hourly earnings 0.3%; up 5.2% year on year The average working week drops to 34.5 hours from 34.6 hours WASHINGTON, Sept. 2 (Reuters) – U.S. employers hired … Read more