Business News Asia
S&P Global shows that the economic slowdown in the Eurozone weakened slightly in November. However, overall demand continues to decline as consumers cut back on spending in the face of the cost-of-living crisis. The composite Purchasing Managers’ Index (PMI), which…
The Federal Reserve Bank of New York released its Empire State Manufacturing Index which came in above expectations. The New York Fed’s manufacturing index rose to +4.5 in November, above analysts’ expectations of -6.0, up from -9.1 in October. The…
According to the International Monetary Fund (IMF), the global economy is tending to develop more sluggishly than predicted by the IMF. The Purchasing Managers’ Index (PMI) has deteriorated in recent months. According to the IMF, the global economic outlook is…
The final Eurozone manufacturing purchasing managers’ index fell to 46.4 in October, its lowest level in 29 months, from 48.4 in September. The PMI is still below the 50 mark, indicating that the manufacturing sector in the Eurozone continues to…
The final manufacturing purchasing managers’ index (PMI) fell to 50.4 in October from 52.0 in September, according to S&P Global. The PMI was hit by a slump in new orders, reaching its lowest level since May 2020, while employment slowed.…
Today’s Business Survey (Nov. 1) shows that industrial production in Asia fell in October due to concerns about the global economic recession and the continued enforcement of Covid-19 policies. Analysts said that a further increase in interest rates by the…
Manufacturing activity in Japan grew at its slowest pace in 21 months in October. This was due to a significant decline in production and new orders overall. Some exports were affected by deteriorating conditions in China and South Korea. The…
China’s National Bureau of Statistics (NBS) reported today that the manufacturing purchasing managers’ index (PMI) fell to 49.2 in October from 50.1 in September. The services PMI fell to 48.7 in October from 50.6 in September. An index below 50…
S&P Global announced that the U.S. manufacturing and services Purchasing Managers’ Index (PMI) fell to 47.3 in October, the lowest level in two months, from 49.5 in September. The PMI remains below 50, indicating that the U.S. business sector is…
S&P Global’s final manufacturing purchasing managers’ index (PMI) fell to 47.7 in September from 50.6 in August. A value below 50 means that the French manufacturing sector is contracting. Manufacturing activity in France contracted last month by the most since…
