Euro zone business activity strong in Aug but supply issues weighed-PMI

LONDON (Reuters) – Euro zone business activity remained strong last month, despite fears about the Delta variant of the coronavirus and widespread supply chain issues, according to a survey which suggested the bloc’s economy could be back to pre-COVID-19 levels by year-end.FILE PHOTO: A steel worker of Germany’s industrial conglomerate

China's economy under pressure as factory activity slows in Aug, services contract

BEIJING (Reuters) – China’s businesses and the broader economy came under increasing pressure in August as factory activity expanded at a slower pace while the services sector slumped into contraction, raising the likelihood of more near-term policy support to boost growth.FILE PHOTO: A worker wearing a face mask works on

China's factory activity expands at slower pace in August

BEIJING (REUTERS) – China’s factory activity expanded at a slower pace in August, while the services sector slumped into contraction, as coronavirus-related restrictions and high raw material prices pressure businesses in the world’s second largest economy. The official manufacturing Purchasing Manager’s Index (PMI) was 50.1 in August from 50.4 in

Singapore factory activity expands for sixth month running in December

SINGAPORE – Manufacturing ended a tumultuous year on a high note, with factory activity up again in December – its sixth consecutive month of expansion. Experts say the sector will continue to be a key driver of economic growth in 2021, but warned that this could be tempered amid restrictions

Manufacturing expands for third month in September

SINGAPORE – Manufacturing grew at a faster pace in September – the third straight month of expansion – heralding better days ahead for the economy, say experts. The Singapore Purchasing Managers’ Index (PMI) – a key measure of activity – edged up 0.2 of a point last month from August to

Worst may be over for euro zone factories, recovery to be slow: PMI

LONDON (Reuters) – Euro zone manufacturers appear to have passed their nadir, a survey showed on Monday, but activity is still contracting sharply as government-imposed lockdowns due to the coronavirus pandemic keep demand in check. Many countries in the bloc have slowly started to reopen parts of their economies even