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Britain's economy is slowing and might be heading for a recession as it feels the impact of 14 back-to-back interest rate increases by the Bank of England to fight high inflation. ...
LONDON -The British pound was on track for its biggest daily drop against the dollar in almost a month after a survey showed a slump in UK business activity in August, prompting a scaling back of...
The Stanbic IBTC Purchasing Manager Index has shown that business confidence hit a new low as PMI fell to 51.7 points in July, down from 53.2 points recorded in June.
UAE's Purchasing Managers' Index decreased from 56.9 in June to 56.0 in July
Italy's services sector grew in July for a seventh month running but at a slower pace than the month before as higher interest rates and the elevated cost of living weighed on the euro zone's third largest economy, a survey showed on Thursday. The HCOB Purchasing Managers' Index (PMI) for Italian services came in at 51.5, down from 52.2 in June. The result was lower than expected, with a Reuters survey of 16 analysts pointing to a figure of 52.2.