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So, is it actually the euro zone that’s strong and stable?

June 17, 2017 By Jonathan Cable LONDON (Reuters) – The deluge of cash poured into the euro zone economy in recent years by the European Central Bank appears to have finally resulted in solid – and more importantly, steady – economic growth, along with rising inflationary pressures. To borrow a phrase from British Prime Minister Theresa May’s ill-fated election campaign, it’s beginning to look strong and stable. As well as cutting borrowing costs to rock bottom, the European Central Bank has bought well over a trillion euros of mainly government…

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China services sector expands at fastest pace in four months in May: Caixin PMI

June 5, 2017 By Yawen Chen and Ryan Woo BEIJING (Reuters) – Activity in China’s services sector expanded at the fastest pace in fourth months in May thanks to a surge in new orders, a private business survey showed, helping to offset worries about unexpected weakness in manufacturing. The Caixin/Markit services purchasing managers’ index (PMI) rose to 52.8 in May from April’s 51.5, breaking a four-month decline and marking the highest reading since January. There was no breakdown by business segment in the survey. The findings are in sync with…

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China April manufacturing activity expands in April, official PMI falls from previous month

April 30, 2017 BEIJING (Reuters) – Growth in China’s manufacturing sector slowed in April, an official survey showed on Sunday, as producer price rises lost steam and authorities moved to tackle risks in the property market and credit growth. The official Purchasing Managers’ Index (PMI) stood at 51.2 in April, compared with the previous month’s reading of 51.8 and above the 50-point mark that separates growth from contraction on a monthly basis. Analysts polled by Reuters predicted a reading of 51.6. (Reporting by Sue-Lin Wong; Editing by Sam Holmes) The…

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Brexit effects may reflect in business surveys

March 31, 2017 By Catherine Evans LONDON (Reuters) – In the week after Britain formally notified the European Union of its intention to quit the bloc, business surveys will give more idea of what — if any — impact Brexit is having on the British economy and how its EU peers compare. Last month’s purchasing managers’ index (PMI) reports suggested unexpectedly strong growth in Britain’s economy since June’s Brexit vote may be starting to flag as inflation picks up, partly as a result of the pound’s post-referendum plunge. Similar surveys…

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China March factory activity grows fastest in nearly five years: official PM

March 31, 2017 BEIJING (Reuters) – Activity in China’s manufacturing sector unexpectedly expanded at the fastest pace in nearly 5 years in March, adding to evidence that the world’s second-largest economy has gained momentum early this year, an official survey showed on Friday. The official Purchasing Managers’ Index (PM) rose to 51.8 in March from the previous month’s 51.6, and was well above the 50-point mark that separates growth from contraction on a monthly basis. The reading was stronger than the 51.6 that economists had expected and the highest since…

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China February factory growth beats expectations as global demand improves

March 1, 2017 By Elias Glenn and Yawen Chen BEIJING (Reuters) – China’s factory activity expanded faster than expected in February as domestic and export demand picked up, adding to signs that the global economy is regaining momentum even as fears grow of a surge in trade protectionism. Growth in both output and orders accelerated last month, according to official and private factory surveys on Wednesday, giving the government more room to focus on tackling financial risks to the economy as debt continues to rise. “This is the 7th consecutive…

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