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Eurozone economy rebounds, but France lags: survey BRUSSELS: The eurozone economy showed signs of a rebound in July after several months of sluggish activity, but France stood out as a laggard, a closely watched survey showed on Thursday."Eurozone growth rebounded in July," the private Markit research group, which published the data, said while warning that the crisis in Ukraine is clouding the outlook.Its set of leading indicators - the purchasing managers' index (PMI) - turned in a figure of 54, above the 50-point signalling growth or downturn, up from 52.8 in June.But the French economy showed further signs of slowing with an index reading of 49.4.The French manufacturing sector was showing signs of sharp downturn and the services sector was sluggish. This reflected gloomy internal demand and a low level of confidence among businesses and households, Markit said.The survey, widely regarded as reliable leading indicators on the course of economies, showed that countries on the edge of ...

Japan June exports slide in warning sign for economic outlook TOKYO: Japan's exports unexpectedly fell in June for a second straight month, weighed down by a drop in shipments to Asia and the United States, signalling that weak external demand may require bolder measures from policymakers to sustain the country's economic recovery.Exports fell 2.0 percent in June from a year earlier, compared with a 1.0 percent increase expected by economists in a Reuters poll, data from the Ministry of Finance showed on Thursday.That followed a ...
Spain's economy secretary says could raise growth forecast MADRID: Spain's economy secretary Fernando Jimenez Latorre said on Thursday the government could raise its forecast for economic growth when it prepares next year's budget in September."The government will update its forecasts for the (2015) budget due in September, and everything suggests that economic activity is speeding up and the revision will be upwards," Jimenez Latorre said in a conference.The government currently expects the economy to grow 1.2 percent this year and 1.8 percent in ...
British retail sales edge up in June: data LONDON: British retail sales rose by 0.1 percent in June from the level in May, official data showed on Thursday.Retail sales, a key indicator of household spending confidence, increased by 3.6 percent compared with June 2013, the Office for National Statistics said in a statement.Copyright AFP (Agence France-Presse), 2014 ...
Spain's unemployment crisis eases: official data MADRID: The unemployment rate in Spain fell sharply in the second quarter slipping beneath 25.0-percent, official data showed on Thursday in a further sign that the country is pulling away from deep economic crisis.The rate fell by 1.45 percentage points and the number of people looking for work fell by 310,400, marking the biggest quarterly fall since the series of statistics began, the data showed.This was the first time the rate had been less than ...
South Korea unveils $40bn economic stimulus package SEOUL: South Korea unveiled a $40 billion stimulus package Thursday as the finance minister warned of a risk of recession after the economy grew at its slowest rate for more than a year in the second quarter.Citing sluggish domestic demand in the wake of a devastating ferry disaster in April, the finance ministry cut its forecast for economic expansion in 2014 to 3.7 from 4.1 percent.The stimulus plan of 41 trillion won ($40 billion) includes ...
UK retail sales growth quickens in July: CBI LONDON: British annual retail sales growth quickened in July and expectations for August also picked-up, a survey by the Confederation of British Industry said on Wednesday.The CBI distributive trades survey's retail sales balance rose to +21 in July from +4 in June and above economists' forecasts of +16.Sales expectations for August were +36, up from +17 in July.The data reinforced the idea that Britain is seeing a steady consumer-led recovery. Official data released in June ...

 



 
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