Govt FY2022 estimates GDP growth 2.0 Govt FY2023 sees GDP growth 1.1 Overall FY2022 consumer inflation forecast at 2.6 TOKYO, July 25 Reuters Japan39;s government slashed its economic growth forecast for this fiscal year largely due to slowing overseas demand, highlighting the impact of Russia39;s war in Ukraine, China39;s strict COVID19 lockdowns and a weakening […]

July 25 Reuters A sudden crash in global gasoline prices in the past two weeks has dented refiners39; profits, pushing up inventories in key trading hubs around the world while looming exports from China and India also add to pressure on growing stockpiles. Refiners will be forced to cut gasoline output to safeguard themselves against […]

LONDON, July 25 Reuters British industrial output grew at the slowest pace in over a year in the three months to July, but there are tentative signs that some challenges around inflation and investment are easing, a Confederation of British Industry survey showed on Monday. The Bank of England39;s Monetary Policy Committee MPC must decide […]

WASHINGTON, July 24 Reuters U.S. Treasury Secretary Janet Yellen said on Sunday that U.S. economic growth is slowing and she acknowledged the risk of a recession, but she said a downturn was not inevitable. Yellen, speaking on NBC39;s Meet the Press, said strong hiring numbers and consumer spending showed the U.S. economy is not currently […]

LONDON, July 22 Reuters Euro zone business activity unexpectedly contracted this month due to an accelerating downturn in manufacturing and a nearstalling of service sector growth as burgeoning costs pushed consumers to cut back on expenditure, a survey showed. SP Global39;s flash Composite Purchasing Managers39; Index PMI, seen as a good gauge of overall economic […]

PARIS, July 22 Reuters French manufacturing activity contracted and growth in the services sector slowed in July, a preliminary purchasing managers39; survey showed on Friday, in a further indication the euro zone39;s second biggest economy could be heading towards recession. Data compiler SP Global said its flash Purchasing Managers39; Index PMI for France showed the […]

LONDON, July 22 Reuters British retail sales edged down in June as drivers cut back on recordpriced fuel, with consumers reducing shopping less than expected, data showed, though the trend remained weak as households struggle with surging inflation. Retail sales volumes fell by a smallerthanexpected 0.1 from May, the Office for National Statistics said on […]

LONDON, July 22 Reuters British consumers39; confidence remained stuck at a record low this month in the face of surging inflation and higher interest rates, a survey showed on Friday. Market research firm GfK said its consumer morale index held at 41 in July, matching June39;s 48year low and below levels that have previously preceded […]

TOKYO, July 22 Reuters Worries over a global slowdown are casting a shadow over Asia39;s recovery prospects with factory activity growth slowing in Japan and Australia, keeping pressure on policymakers to support their economies while tightening monetary policy to combat inflation. Japan39;s manufacturing activity grew at the slowest pace in 10 months in July, the […]

UK composite PMI at lowest in 17 months Input and output price growth weakens Other data fall in shopping, record low consumer morale Investors rein in bets on big Bank of England rate hike LONDON, July 22 Reuters Britain39;s businesses grew at their slowest pace in 17 months in July and inflation pressures eased, according […]