Business News Asia
Taiwan’s exports are projected to have fallen for the third month in a row in November, significantly more than in the previous month. This was due to concerns about a global recession and uncertainties caused by the war in Ukraine…
South Korean exports are expected to decline in 2023 due to lower IT demand, falling oil prices, and the slow recovery of the global economy. Exports are expected to fall 4.0% in 2023, after rising 7.1% in 2022 to a…
Japan’s services sector expanded at its slowest pace in three months in November as inflation, which was partly dampening the economy, was impacted by the return of domestic and foreign buyers and the easing of COVID-19 restrictions. The final purchasing…
The strict COVID measures in China continue to show their effects on the economy and the population. In the last two months, Chinese authorities have repeatedly opted for lockdown measures in various cities. As a result, the service and manufacturing…
Meteo France, France’s national meteorological agency, reports that 2022 will be the warmest year in France since it began collecting data. The average temperature will be above 14.2 degrees Celsius throughout the year. In early November, the French health authority…
According to information from news sources, China Evergrande New Energy Vehicle Group, an electric car manufacturer in China, has stopped commercial production of its only electric vehicle. The lack of new purchase orders is seen as the latest wave of…
The final U.S. manufacturing Purchasing Managers’ Index (PMI) fell to 47.7 in November from 50.4 in October, but was above the preliminary reading of 47.6. The index fell below 50, indicating a contraction in U.S. manufacturing. This is the first…
According to the U.S. Commerce Department, personal spending by U.S. consumers rose 0.8% in October, in line with analysts’ expectations, after increasing 0.6% in September. In addition, personal income rose 0.4% in October, while savings fell to 2.3%, the lowest…
Mortgage lender Nationwide reported Monday that home prices in the United Kingdom fell 1.4% in November from October. This was the largest fall in any month since June 2020. Economists predicted that house prices in the UK had decreased by…
S&P Global reported that the final Eurozone manufacturing Purchasing Managers’ Index rose to 47.1 in November, a two-month high from 46.4 in October. However, the PMI index remained below 50, indicating that the Eurozone manufacturing sector continues to contract, declining…
