SEOUL, Aug 1 Reuters A protracted slump in South Korea39;s factory activity eased in July as export orders rose for the first time in nearly 112 years, a private business survey showed on Tuesday, raising hopes for a more durable economic recovery. The purchasing managers index PMI for South Korean manufacturers, compiled by SP Global, […]
TOKYO, Aug 1 Japan39;s factory activity contracted at a faster pace in July, a business survey showed on Tuesday, taking a hit from soft orders amid weakening global economic conditions. The final au Jibun Bank Japan manufacturing purchasing managers39; index PMI fell to 49.6 in July, slightly higher than flash 49.4 but down from 49.8 in […]
China39;s July private PMI marks first fall since April Factory activity in Japan, South Korea contract PMI Weakness in Asia factory activity may persist analyst TOKYO, Aug 1 Reuters Asia39;s factory activity shrank in July, private surveys showed on Tuesday, a sign slowing global growth and weakness in China39;s economy were taking a toll on […]
BENGALURU, Aug 1 Reuters Growth in India39;s manufacturing activity eased in July for a second month, with some moderation in output and new orders, although the pace of expansion remained healthy, a private business survey showed on Tuesday. The sector has remained resilient despite declines in manufacturing activity in other major producers, suggesting Asia39;s thirdlargest […]
BEIJING, Aug 1 Reuters China39;s factory activity swung to contraction in July, a private sector survey showed on Tuesday, with supply, demand and export orders all deteriorating as firms blamed sluggish market conditions at home and abroad. The CaixinSP Global manufacturing purchasing managers39; index PMI fell to 49.2 in July from 50.5 in June, missing […]
LONDON, Aug 1 Reuters Manufacturing activity across the euro zone contracted in July at the fastest pace since COVID19 was cementing its grip on the world as demand slumped despite factories cutting their prices sharply, a survey showed on Tuesday. There was considerable weakness seen in Germany, Europe39;s largest economy, while France and Italy, the […]
LONDON, Aug 1 Reuters British house prices fell by the most since 2009 in the 12 months to July, mortgage lender Nationwide said on Friday, as the drag from rising interest rates on the housing market intensified. Compared with July last year, the average house price was down 3.8 after a 3.5 annual fall in […]
TOKYO, Aug 1 Reuters Japanese trading house Mitsui Co on Tuesday posted an 8 fall in firstquarter net profit to 252.8 billion yen 1.8 billion, yearonyear, hit by lower commodity prices. Japanese trading houses, including Mitsui and its peers Mitsubishi Corp and Sumitomo Corp, posted record profits last year as commodity prices soared on Russian invasion of […]
MUMBAI, Aug 1 Reuters The Indian rupee on Tuesday managed to find support after having opened on a weaker note on the back of a broadly higher U.S. dollar. The rupee was at 82.31 to the dollar by 1026 a.m. IST compared with 82.2450 on Monday. The local currency opened at 82.3050 and has been […]