BRUSSELS: Economic growth in the eurozone slowed sharply in January, a key survey showed on Monday, as new coronavirus restrictions hit consumer spending, raising a new obstacle for the region’s recovery. In its closely watched monthly survey, IHS Markit said the deceleration, which brought growth to an 11-month low, was completely attributable to the services … Read more
BEIJING: China’s economy expanded at its fastest pace for 10 years in 2021, according to an AFP poll of analysts, but its strong recovery from the Covid-19 pandemic is threatened by Omicron and a property sector slowdown. The eight per cent growth would be well above the government’s target of more than six per cent, and comes on … Read more
BANGKOK – Thailand’s manufacturing sector contracted in December 2021 due to lackluster demand amid a slow economic recovery, a survey showed Tuesday. The country’s manufacturing Purchasing Managers’ Index (PMI) fell to 49.5 in December from 50.6 in November, a signal of a deterioration in the health of the country’s manufacturing sector, according to the IHS … Read more
BRUSSELS: Economic growth in the Eurozone slowed to a nine-month low in December, as a fresh wave of the coronavirus rattled businesses, especially in Germany, a closely watched survey said on Thursday. The survey, released by data firm IHS Markit, added that prices in Europe were continuing on their upward march, though rates of increase had … Read more
BEIJING: Consumer inflation in China picked up to its highest level in over a year in November, official data showed on Thursday, bolstered by an uptick in pork prices as seasonal demand spiked. The consumer price index (CPI), a key gauge of retail inflation, came in at 2.3 per cent on-year according to the National Bureau … Read more
