BEIJING, Oct 29 Reuters China39;s factory activity likely contracted in October for a sixth month, a Reuters poll showed on Tuesday, but by the tiniest of margins, backing officials39; optimism that recent fresh stimulus will get the world39;s No.2 economy back on track. A Reuters poll of 30 economists estimated the official purchasing managers39; index […]

STOCKHOLM, Oct 29 Reuters Sweden39;s economy entered a technical recession in the third quarter as gross domestic product fell 0.1 compared with the previous quarter, preliminary figures from the statistics office showed on Tuesday. Swedish GDP also declined in the second quarter. An economy is considered to be in recession when the economy has contracted […]

BERLIN, Oct 29 Reuters The German economy will contract by 0.2 this year, the German Chamber of Commerce and Industry DIHK said on Tuesday, cutting its previous forecast for a stagnation published in May. The figures are not optimistic for 2025 either, when DIHK expects zero growth. That would be the third year in a […]

LONDON, Oct 29 Reuters British lenders approved 65,647 mortgages in September, the Bank of England said on Tuesday, the highest number since August 2022, shortly before the country was hit by the minibudget bond market crisis under former Prime Minister Liz Truss. The figure was slightly higher than the median forecast of 65,000 in a […]

Sentiment index rises more than expected Reaches highest level since April 2022 Economic expectations register third straight fall BERLIN, Oct 29 Reuters German consumer sentiment is set to continue to recover heading into November as households are more optimistic about their income prospects, though high prices and bad job market news are diluting those positive […]

LONDON, Oct 28 Reuters British retailers reported a fall in sales for October as consumers held off on spending ahead of this week39;s budget announcement by finance minister Rachel Reeves, the Confederation of British Industry said on Monday. The CBI39;s monthly retail sales survey conducted between Sept. 26 and Oct. 15 showed the headline balance […]

BERLIN, Oct 29 Reuters Germany needs both structural reforms and more investment in public infrastructure to overcome recession, the European head of the International Monetary Fund said in an interview with Sueddeutsche Zeitung. Without a functioning infrastructure, there can be no productive economy, Alred Kammer told the paper in an interview published on Tuesday. In […]

Preliminary Q3 GDP seen at 3.4 yy prior qtr 5.06 Data due Thursday, Oct. 31, after 4 p.m. 0800 GMT TAIPEI, Oct 28 Reuters Economic growth in tradedependent Taiwan was expected to slow in the third quarter with exports still robust on AI demand but moderating, while domestic investment and consumption are losing steam, a […]

China launches new lending tool to counter yearend shortfall Some 2.9 trillion yuan of mediumterm loans due to expire Central bank under pressure to see economy hit 5 growth target BEIJING, Oct 28 Reuters China39;s central bank launched a new lending tool on Monday to inject more liquidity into the market and support credit flow […]

LONDON, Oct 28 Reuters British business confidence sank to a fourmonth low in October ahead of the first budget plan from the country39;s new government, a survey showed on Monday, echoing other signs of corporate nervousness about possible tax increases. Lloyds Bank39;s business barometer representing the difference between the percentage of firms with positive and […]