Economy ‘running on empty’ amid growing signs of looming recession, report warns

Economy ‘running on empty’ amid growing signs of looming recession, report warns

B ritain’s economy appears to be “running on empty” as plummeting business confidence adds to mounting signs of a looming recession, according to a report. The latest S&P Global / CIPS flash UK purchasing managers index (PMI) survey shows business expectations suffered the largest monthly decline since the start of the pandemic, with manufacturers and … Read more

Euro zone business growth slumped in June as price hikes bite

Euro zone business growth slumped in June as price hikes bite

A shopping cart is pushed down the aisle in this photo illustration taken at Mercator shopping mall in Ljubljana, January 28, 2014. REUTERS / Srdjan Zivulovic Register now for FREE unlimited access to Reuters.com Register LONDON, June 23 (Reuters) – Eurozone business growth has slowed significantly this month – and by much more than expected … Read more

UK economy ‘running on empty’ as recession signals mount – PMI

UK economy ‘running on empty’ as recession signals mount – PMI

A general view is seen of the London skyline from Canary Wharf in London, Britain, October 19, 2016. REUTERS / Hannah McKay Register now for FREE unlimited access to Reuters.com Register LONDON, June 23 (Reuters) – Britain’s economy is showing signs of stalling as high inflation hits new orders and businesses report levels of concern … Read more

French June business activity was weaker than forecast -flash PMI

French June business activity was weaker than forecast -flash PMI

People walk through the financial and business district of La Defense in Puteaux near Paris, France, October 23, 2021. REUTERS / Sarah Meyssonnier Register now for FREE unlimited access to Reuters.com Register PARIS, June 23 (Reuters) – French business activity has grown less quickly than expected in June, a preliminary monthly survey by S&P Global … Read more

Sterling slips to session low after Sue Gray report, economy in focus

Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company headquarters in Vienna, Austria, November 16, 2017. REUTERS / Leonhard Foeger Register now for FREE unlimited access to Reuters.com Register LONDON, May 25 (Reuters) – Sterling slipped to a session low against the US dollar on Wednesday after the … Read more

The German economy remains on growth path for now -PMI

The skyline with its financial district is photographed during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, October 26, 2020, REUTERS / Kai Pfaffenbach / File Photo GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com Register BERLIN, May 24 (Reuters) – A sustained rebound in services … Read more