Category News

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French Service and Manufacturing PMI down in May

The French purchasing managers’ index (PMI) for the services sector was 58.4 in May, down from 58.9 in April, according to S&P Global. An index above 50 indicates that French economic activity is expanding. The manufacturing PMI fell to 54.5…

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German Business Climate Index Rises Despite Several Problems

The German Institute for Economic Research (Ifo) said its business climate index rose to 99.5 in May from 97.3 in April. Companies in Germany are increasingly satisfied with their current business situation. Despite many problems such as inflation, bottlenecks in…

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Retail Sales in the U.K. Up More Than Expected in April

England reported that retail sales rose 1.4% month-on-month in April after falling 1.2% in March, but domestic retail sales remained weak overall. According to the report, retail sales fell 0.3% in the three months through April, following a 0.7% decline…

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