FRANKFURT, Aug 1 Reuters A permanent surge in oil prices will reduce the euro zone39;s potential output by less than 1 over four years, a small hit that could be further reduced by the green transition, the European Central Bank said on Monday. Economic theory suggests that permanently higher oil prices should reduce productivity and […]

LONDON, Aug 1 Reuters The Bank of England says it will act forcefully if needed to stop the surge in inflation from turning into a longterm problem, meaning it could deliver a rare halfpercentage point interest rate rise as soon as this week. Here are some of the things that Governor Andrew Bailey and his […]

LONDON, Aug 1 Reuters British manufacturing output and new orders declined in July at the fastest rate since May 2020, as factories across Europe struggled with rising costs and slowing demand, a survey showed on Monday. The SP GlobalCIPS UK Manufacturing Purchasing Managers39; Index PMI fell last month to 52.1 from 52.8 in June, revised […]

BERLIN, Aug 1 Reuters Germany39;s manufacturing sector contracted in July for the first time in over two years, hurt by a deepening slump in new orders that darkens the outlook for Europe39;s largest economy, a survey showed on Monday. SP Global39;s final Purchasing Managers39; Index PMI for manufacturing, which accounts for about a fifth of […]

Factory activity slows in July vs June Caixin survey Property sales down 33.4 in July vs 88.9 rise in June private survey Economic stagnation a worry in second half of 2022 economist BEIJING, Aug 1 Reuters China39;s wobbly economy stumbled further at the start of the second half of the year, with factories unexpectedly switching […]

SYDNEY, Aug 1 Reuters Australian job advertisements slipped for the first time in three months in July in a sign their strong run may finally have peaked, though they remain at historically high levels that point to a further drop in unemployment. Monday39;s figures from Australia and New Zealand Banking Group Ltd showed total job ads […]

LONDON, Aug 1 Reuters The British public39;s expectations for inflation fell again in July, a survey showed on Monday, potentially adding to the case for the Bank of England BoE to increase interest rates by only a quarter percentage point later this week. U.S. bank Citi and pollsters YouGov said expectations for inflation in five […]

WELLINGTON, July 29 Reuters New Zealand is at growing risk of sliding into a recession in the second half of 2022, some economists said on Friday, as consumers and businesses fret over soaring prices and rising borrowing costs. New Zealand39;s central bank is part way through an aggressive cash rate hiking cycle in an effort […]

Employment cost index increases 1.3 in second quarter Wages and salaries rise 1.4; up 5.3 yearonyear Consumer spending accelerates 1.1 in June Core PCE price index jumps 0.6; up 4.8 yearonyear WASHINGTON, July 29 Reuters U.S. labor costs increased strongly in the second quarter as a tight jobs market continued to boost wage growth, which […]

MEXICO CITY, July 29 Reuters Mexico39;s economy expanded 1 between April and June from the prior three month period, beating forecasts and marking the third consecutive quarter of growth, a preliminary estimate from national statistics agency INEGI showed on Friday. Gross domestic product GDP was expected to have grown 0.8 in seasonallyadjusted terms in the […]