Category: Economic news

By Liz Lee and Joe Cash BEIJING (Reuters) -China’s manufacturing activity unexpectedly contracted in January, an official factory survey showed on Monday, its weakest since August, keeping alive calls for…

OTTAWA (Reuters) – Canadian factory sales most likely rose 0.6% in December from November, largely driven by increases in the petroleum and coal product as well as food subsectors, Statistics…

BRASILIA (Reuters) – Brazil closed 2024 with a current account deficit equivalent to 2.55% of gross domestic product (GDP), the central bank said on Friday, more than double the level…

In a surprising turn of events, the Manufacturing Purchasing Managers’ Index (PMI) has indicated expansion in the sector, surpassing the forecasted figures. The actual number came in at 50.1, a…

The Services Purchasing Managers’ Index (PMI), a key measure of economic health in the service sector, has fallen below expectations, according to data released by Markit Economics. The index, which…

The US housing market showed signs of modest growth as the Existing Home Sales figures were released. The actual number of sales for the previous month came in at an…

The Michigan Consumer Sentiment Index, a key measure of consumer confidence, has recorded a lower-than-expected figure in its latest release. The index, compiled by the University of Michigan, came in…

By Lucia Mutikani WASHINGTON (Reuters) – U.S. business activity slowed to a ninth-month low in January amid rising price pressures, but firms reported boosting hiring, supporting the Federal Reserve’s cautious…

By Mike Stone (Reuters) – U.S. military equipment sales to foreign governments in 2024 surged 29% to a record $318.7 billion, the State Department said on Friday, as countries sought…

DAVOS, Switzerland (Reuters) – World leaders and business executives left the Swiss mountain resort of Davos after a week of discussions dominated from a distance by Donald Trump’s return as…