FRANKFURT, July 22 Reuters The German economy is likely to have grown less than expected this quarter and may face a new spike in inflation in September as government subsidies expire, the Bundesbank said on Friday. Europe39;s industrial powerhouse is struggling with surging energy bills as Russia cuts its gas supply in retaliation for sanctions […]

PARIS, July 22 Reuters Freespending tourists in Europe are expected to drive brisk second quarter sales at French luxury groups LVMH, Gucciowner Kering and Hermes, helping to offset the impact of disruptions in China from COVID19 restrictions. Highend French and Italian fashion houses have been riding a wave of strong, postpandemic demand for designer labels, with […]

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 […]

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 […]

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 […]

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 […]

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 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 […]