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August 18, 2022

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Japan Aug manufacturers’ mood rises to 7-month high – Reuters Tankan

Reuters
A factory area is seen in front of Mount Fuji in Yokohama, Japan, January 16, 2017. Picture taken on January 16, 2017. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Aug manufacturers’ sentiment index +13 vs July +9 Aug service sector index +19 vs +14 in July......

U.S. housing starts near 1-1/2-year low; factory output rebounds

Reuters
Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – U.S. homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices......

Japan July core CPI seen rising 2.4%, near 8-year-high – Reuters poll

Reuters
People make their way at Ameyoko shopping district in Tokyo, Japan, May 20, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 12 (Reuters) – Japan’s core consumer price index (CPI) for July likely rose 2.4% from a year earlier, accelerating to the fastest pace......

Canada sheds jobs for second month in a row, central bank seen hiking rates

Reuters
A help wanted sign at a store along Queen Street West in Toronto Ontario, Canada June 10, 2022. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register OTTAWA, Aug 5 (Reuters) – Canada’s economy unexpectedly lost jobs for the second month in a row in July after a......

U.S. services sector surprises with momentum; supply, price pressures easing

Reuters
Services sector PMI increases 1.4 points to 56.7 in July New orders up solidly; prices post biggest drop since 2017 Employment measure improves; worker shortages persist WASHINGTON, Aug 3 (Reuters) – The U.S. services industry unexpectedly picked up in July as new orders grew solidly, supporting views that the economy......

Slowdown beckons as euro zone retail sales drop more than expected

Reuters
Customers and employees of a shopping mall watch the demonstrations of supporters of the movement of Patriotic Europeans Against the Islamisation of the West (PEGIDA) and their opponents in Frankfurt, January 26, 2015. REUTERS/Kai Pfaffenbach/ Register now for FREE unlimited access to Reuters.com Register BRUSSELS, Aug 3 (Reuters) – Euro......

GLOBAL ECONOMY Asia’s factories squeezed by higher prices, weak demand

Reuters
Staff work inside a non woven filter fabric factory, where the fabric is used to make surgical face masks, in Taoyuan, Taiwan, March 30, 2020. REUTERS/Ann Wang/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, Aug 1 (Reuters) – Asia’s factories struggled for momentum in July as......

China’s factory activity contracts unexpectedly in July amid COVID flare-ups

Reuters
Employees work on the production line of vehicle components during a government-organised media tour to a factory of German engineering group Voith, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China July 21, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register China July official manufacturing PMI lower than......

U.S. teetering on brink of recession as GDP contracts in second quarter

Reuters
Second-quarter GDP decreases at 0.9% rate Inventories account for large decline in GDP Consumer spending slows; business investment contracts Weekly jobless claims fall 5,000 to 256,000 WASHINGTON, July 28 (Reuters) – The U.S. economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two......

S.Korean inflation expectations hit 2-decade high

Reuters
Office workers eat their lunch at a convenience store in Seoul, South Korea, June 24, 2022. REUTERS/ Heo Ran Register now for FREE unlimited access to Reuters.com Register Consumers’ inflation expectations at highest in at least 20 yrs Consumers’ view on economy, living standards at worst in 2 yrs Policymakers......

U.S. consumer confidence near 1-1/2-year low; house prices still high

Reuters
Consumer confidence index falls 2.7 points to 95.7 in July New home sales tumble 8.1% in June House prices increase strongly in May, but pace slowing WASHINGTON, July 26 (Reuters) – U.S. consumer confidence dropped to nearly a 1-1/2-year low in July amid persistent worries about higher inflation and rising......

Germany on cusp of recession, says Ifo, as business sentiment sinks

Reuters
The sun sets behind the skyline of Frankfurt, Germany, July 5, 2022. REUTERS/Kai Pfaffenbach Register now for FREE unlimited access to Reuters.com Register BERLIN, July 25 (Reuters) – German business morale fell more than expected in July, the Ifo business sentiment survey showed on Monday, as the institute that compiles......

GLOBAL ECONOMY Global slowdown fears darken as cost of living bites

Reuters
A man walks past Bank of Japan’s headquarters in Tokyo, Japan, June 17, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register PMIs suggest global economy heading into serious slowdown Euro zone business activity shrinks in July China lockdowns, Ukraine crisis further disrupt supply chains LONDON/TOKYO, July......

U.S. jobless benefits rolls grow; key factory output gauge slumps

Reuters
People line up outside a newly reopened career center for in-person appointments in Louisville, U.S., April 15, 2021. REUTERS/Amira Karaoud/File Photo Register now for FREE unlimited access to Reuters.com Register July 21 (Reuters) – The number of Americans enrolling for unemployment benefits rose for a third straight week last week......

U.S. existing home sales slide again; prices hit fresh record high

Reuters
NEW YORK, July 20 (Reuters) – U.S. existing home sales fell for a fifth straight month in June to the lowest level in two years, as fast-rising interest rates and record-high selling prices make buying a home too expensive for a growing share of American households. Mortgage interest rates have......

Australian business mood sours in June even as activity holds up

Reuters
SYDNEY, July 12 (Reuters) – A measure of Australian business confidence slid in June as rising costs and worries about consumer spending slugged the retail sector, though most firms reported actual activity was holding up well so far. Tuesday’s survey from National Australia Bank Ltd (NAB) (NAB.AX) showed its index......

U.S. labor market powers ahead with strong job gains despite recession fears

Reuters
Nonfarm payrolls increase 372,000 in June Private sector employment back above pre-pandemic level Unemployment rate holds steady at 3.6% Average hourly earnings rise 0.3%; up 5.1% year-on-year WASHINGTON, July 8 (Reuters) – U.S. employers hired far more workers than expected in June and continued to raise wages at a steady......

Asia’s factories feeble despite China bounce, feeds global recession fears

Reuters
A bicycle rider rides past a factory at Keihin industrial zone in Kawasaki, south of Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register Japan, S. Korea PMIs slow in June on supply constraints Taiwan’s PMI contracts, other Asian PMIs also soft China’s......

Indian shares suffer worst quarter since pandemic-hit start of 2020

Reuters
A general view of the Bombay Stock Exchange (BSE) in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas Register now for FREE unlimited access to Reuters.com Register BENGALURU, June 30 (Reuters) – Indian shares on Thursday ended lower and clocked their worst quarter since the early days of the pandemic, beset......

China’s factory, service sectors shake off 3 months of lockdown pain

Reuters
A worker polishes a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS Register now for FREE unlimited access to Reuters.com Register China factory, services PMIs above 50 for first time since Feb Recovery seen as COVID restrictions......

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