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Euro zone business growth slumped in June as price hikes bite | Hellenic Shipping News Worldwide

Euro zone business growth has slowed significantly this month – and by much more than expected – as consumers concerned about soaring bills opted to stay at home and defer purchases to save money, a survey showed on Thursday. S&P Global’s flash Composite Purchasing Managers’ Index (PMI), seen as a good gauge of overall economic ...
Chris Williamson Hugh Lawson European Central Bank Composite Purchasing Manager Index Jonathan Cable

U.S. recession fears darken outlook for global growth | Hellenic Shipping News Worldwide

Manufacturing growth is slowing worldwide as China’s COVID-19 curbs and Russia’s invasion of Ukraine disrupt supply chains and keep inflation at the highest in years, while the growing risk of a U.S. recession poses a new threat to the global economy. Gauges of factory activity released Thursday in Japan, Britain, the euro zone and United ...
United States United Kingdom South Korea City Of Jerome Powell Toby Chopra

Euro zone May business growth robust but outlook darkens -PMI | Hellenic Shipping News Worldwide

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 Russia’s invasion of Ukraine, a survey showed. S&P Global’s final composite Purchasing Managers’ Index (PMI), seen as a good gauge of economic health, fell to 54.8 in May from April’s ...
Toby Chopra Chris Williamson Purchasing Manager Index Jonathan Cable

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Global factory growth stunted by war, China's COVID curbs | Hellenic Shipping News Worldwide

Global growth in factory activity slowed in May as China’s strict coronavirus curbs and Russia’s invasion of Ukraine disrupted supply chains and dampened demand, adding to woes for businesses already struggling with surging raw material prices. Manufacturing growth slowed last month in economies as diverse as France, Japan to Malaysia, business surveys showed on Wednesday, ...
United States United Kingdom South Korea Leika Kihara Kim Coghill John Stonestreet

Some real estate markets seen falling as global frenzy fades | Hellenic Shipping News Worldwide

The global property market frenzy that gathered pace during the pandemic as people scrambled to buy more living space is likely over as interest rates rise, and house price inflation is expected to drop off, Reuters surveys of market experts showed. Huge price rises of as much as 50% through the past few years may ...
United Arab Emirates United States Liam Bailey Vijayalakshmi Srinivasan Vivek Mishra Shrutee Sarkar

Euro zone factories struggled in May as consumers switched to leisure activities

Manufacturing growth in the euro zone slowed last month as factories faced supply shortages, high prices and a fall in demand, according to a survey which suggested consumers were switching their spending to tourism and recreation. S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) fell to 54.6 in May from April’s 55.5, its lowest since ...
Catherine Evans Chris Williamson Purchasing Manager Index Jonathan Cable

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