The Magazine for Asian Investors
Germany’s purchasing managers’ index (PMI) for the services sector was 56.3 in May, down from 57.6 in March, according to S&P Global. The index above 50 indicates that German economic activity is continuing to expand. This was driven by a…
The final eurozone manufacturing Purchasing Managers’ Index (PMI) fell to a 15-month low of 55.5 in April from 56.5 in March, S&P Global reported. However, it is still higher than the initial estimate of 55.3 The PMI index remains above…
The European Union’s statistical office Eurostat reported that the consumer price index (CPI) for the eurozone rose to 7.5% in April 2022, the highest level since Eurostat was established. The data was compiled from 7.4% in March. This is in…
S&P Global announced that the Purchasing Managers’ Index (PMI) for the eurozone’s manufacturing and primary services sectors was 55.8 in April, up from 54.9 in March and the highest level in seven-month. The PMI index remains above the 50 mark,…
S&P Global reports that the Eurozone’s Purchasing Managers’ Index (PMI) for manufacturing and services fell to 54.9 in March from 55.5 in February, but above the initial reading of 54.5 for March. The PMI remains above 50, indicating that the…
German research institute Sentix announced that its eurozone investor confidence index fell to its lowest level in almost two years in April. This suggests that the eurozone economy could turn into a recession in the second half of this year.…
S&P Global reported a decline in manufacturing activity in the eurozone in March. Demand contracted, affecting confidence in the manufacturing sector, and at the same time, rising energy costs have led to a rebound in product prices. The March Purchasing…
The European Commission (EC), the executive body of the European Union (EU), said its economic confidence index for the eurozone fell from 113.9 in February to 108.5 in March. Eurozone consumer confidence fell to a record low of -18.7 in…
Russia is open to gas payments in gold or Bitcoin. However, the payment method depends on the status of the paying country. Following the sanctions imposed by the West, Russia has drawn up a list of so-called “unfriendly” countries. The…
S&P Global announced that the Purchasing Managers’ Index (PMI) for the eurozone’s manufacturing and services sectors fell to 54.5 in March from 55.5 in February. However, the PMI was above analysts’ forecasts of 53.9. The PMI index remains above the…
