ISLAMABAD, June 4 Reuters Pakistan GDP growth will slow to 5 for the upcoming fiscal year beginning on July 1, from 5.9 in the outgoing year, following budgetary tightening aimed at winning International Monetary Fund IMF support, the government said on Saturday. The planning ministry made the estimates ahead of the annual budget to be […]

May headline CPI 7.1 yy vs 5.78 in Reuters poll May core CPI 2.28 yy vs 2.2 in poll Prices seen rising in Q3 before easing in Q4 C.bank seen holding key rate at record low this week poll BANGKOK, June 6 Reuters Thailand39;s headline inflation rose at a much faster pace than expected in […]

PARIS, June 3 Reuters The condition of France39;s soft wheat crop has declined for a fifth consecutive week, data from farm office FranceAgriMer showed on Friday, as dryness persisted in the European Union39;s biggest grain producer. An estimated 67 of the soft wheat crop was in good or excellent condition in the week to May […]

LONDON, June 3 Reuters Euro zone business growth was robust in May but is at risk of a slowdown from soaring living costs, supply chain disruptions and uncertainty surrounding Russia39;s invasion of Ukraine, a survey showed. SP Global39;s final composite Purchasing Managers39; Index PMI, seen as a good gauge of economic health, fell to 54.8 […]

DUBLIN, June 3 Reuters More than a year of rapid growth in Ireland39;s services sector moderated slightly for the second successive month in May as selling prices and input costs remained close to record highs, a survey showed on Friday. The AIB SP Global Purchasing Managers39; Index PMI fell to 60.2 from 61.7 in March […]

TOKYO, June 3 Reuters Japan39;s services sector activity grew at the fastest pace in half a year in May as consumer sentiment recovered further following the easing of coronavirus curbs, though high energy and material costs pushed up input prices by a record rate. The final au Jibun Bank Japan Services Purchasing Managers39; Index PMI […]

The US economy increased the number of jobs by 390k in May, the fresh NFP showed, better than average expectations 325k but worse than Aprils figures 436k. Total employment is only at 822k highs before the pandemic hit, and the labour market is increasingly bottoming out. However, we point to a few spots that add […]

Export growth three times more than forecast Driven by trade with U.S., euro area Russia exports fall further Industry warns of shortlived recovery BERLIN, June 3 Reuters German exports rose more than forecast in April, as Europe39;s biggest economy relied on trade with the United States and the euro area to recover from the initial […]

BERLIN, June 3 Reuters Germany39;s economy ministry has drawn up plans to foster the startup scene in Europe39;s largest economy with a batch of measures including an injection of public funds and steps to prod pension funds to invest in venture capital. The ministry, which wants the cabinet to adopt the plans in the summer, […]

ISTANBUL, June 3 Reuters Turkey39;s annual inflation rate jumped to a 24year high of 73.5 in May, fuelled by the war in Ukraine, rising energy prices and a tumbling lira though the figure was slightly lower than economists had feared. Inflation has surged since last autumn, when the lira slumped after the central bank launched […]