Economic outlook
South Korea factory activity shrinks sharply as overseas demand weakens, PMI shows
Aerial view of the capital city of Seoul in South Korea, seen at sunset. Tobiasjo | E+ | Getty Images South Korea’s factory activity contracted at the sharpest pace in 15 months in September as overseas demand slowed for the first time in the year, a private survey showed on Wednesday, suggesting a slow road to a full-blown […]
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Japan’s exports slow sharply, machinery orders shrink in blow to economic recovery
Employees work at an Asahi Tekko Co. factory in Hekinan, Aichi Prefecture, Japan, on Wednesday, Aug. 1, 2018. Bloomberg | Bloomberg | Getty Images Japan’s export growth slowed sharply in August as shipments to the U.S. dropped for the first time in three years, while machinery orders unexpectedly shrank in July in a worrying sign for an economy struggling to mount a […]
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China’s economy is going through a ‘slow, painful, grinding adjustment,’ analyst says
People walk along the Huguosi street, Xicheng district, a dedicated food street in Beijing on August 23, 2024. Adek Berry | AFP | Getty Images SINGAPORE — Following a slew of data released over the weekend from China that painted a fairly bleak outlook for its economy, analysts have tapered their expectations for the country’s […]
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U.S. firms say confidence in China has hit an all-time low
Night view of the Lujiazui financial district in downtown Shanghai. Yongyuan Dai | E+ | Getty Images American companies in China are experiencing historically low business confidence and poor profits amid U.S.-China tensions and a slowing Chinese economy. In an annual report released Thursday, the American Chamber of Commerce in Shanghai found that out of […]
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Bank of Japan to begin initial research to include wage trends in ‘tankan’ business survey
Pedestrians walk past the northern entrance to the Bank of Japan (BOJ) headquarters in Tokyo, Japan. Tomohiro Ohsumi | Bloomberg | Getty Images The Bank of Japan (BOJ) said on Tuesday it would start preliminary research on including wage-related items in its quarterly “tankan” business survey to more accurately reflect wage trends in the country’s monetary policy. The central bank plans […]
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India wants to be a developed nation by 2047. It has to tackle gender inequality first, economic experts say
There are over 468 million females of working age in India, but only 38.2 million women are employed. Imagesbazaar | Photodisc | Getty Images When 41-year-old Nisha Kotwal was a resident trainee doctor in India’s Maharashtra state 14 years ago, her parents would call her before every shift to ask if she had reached the […]
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UK inflation rose to 2.2% in July, back above Bank of England’s 2% target
Shoppers walk along the high street in Rochester, UK, on Tuesday, July 16, 2024. Chris Ratcliffe | Bloomberg | Getty Images U.K. inflation rose to 2.2% in July, coming in slightly below expectations, data from the Office of National Statistics showed Wednesday. Economists polled by Reuters had been expecting headline CPI to come in at […]
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Euro zone’s economy grew 0.3% in second quarter, above expectations despite German contraction
Shoppers make their way through the Royal Saint-Hubert Galleries shopping arcade in the old town area of Brussels, Belgium, on Friday, June 28, 2024. Ksenia Kuleshova | Bloomberg | Getty Images The euro zone’s economy grew by more than expected in the second quarter of 2024, flash figures from the European Union’s statistics office showed […]
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CNBC Daily Open: Nasdaq futures fall as Alphabet, Tesla earnings disappoint
Traders work on the floor of the New York Stock Exchange (NYSE) on July 22, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they […]
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Germany’s struggling construction sector is showing no signs of a recovery
Construction site of a residential building with scaffolding and large cranes Fhm | Moment | Getty Images The German construction sector is showing no signs of recovering, even after being in a crisis for months and despite pledges of support and investment from the government. Recent economic data shows the industry is still in a […]
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