Economic News
China's manufacturing sector expands in June - Caixin
Activity in China’s manufacturing sector expanded in June as Covid restrictions eased, according to a survey released on Friday.
US manufacturing growth slows in June as new orders dip
Manufacturing activity growth in the US slowed last month as new orders from clients shrank, the results of a key survey revealed.
Covid-19 cases surge during latest week due to BA.4 and BA.5 Covid-19 sub-variants
The number of new coronavirus cases in Britain jumped again during the preceding week, likely due to the more infectious BA. 4 and BA. 5 variants of the Omicron variant of Covid-19.
UK mortgage lending hits eight-month high in May
UK mortgage rose to an eight-month high in May, according to the Bank of England, while approvals also held up better than anticipated, indicating that the British housing market had shrugged off headwinds stemming from the ongoing cost-of-living crisis.
Eurozone inflation hits record high of 8.6% in June
Eurozone inflation jumped to a fresh record high in June, according to a flash estimate released by Eurostat on Friday, piling pressure on the European Central Bank to raise rates.
Eurozone manufacturing falls for first time since August 2020
Eurozone manufacturing production fell last month for the first time since August 2020 as the Covid pandemic took hold, with rising inflation putting the brakes on consumer spending, according to a survey published on Friday.
UK manufacturing growth slows to two-year low in June
Growth in the UK manufacturing sector slowed to a two-year low in June, according to a survey released on Friday.
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