German factory orders rise more than expected
German industrial orders rose far more than expected in October, official data showed Friday, raising hopes that a long downturn in Europe’s biggest economy may have bottomed out. New orders increased 1.5 percent month-on-month, boosted by big orders for transport equipment, according to preliminary figures from statistics agency Destatis. Analysts surveyed by financial data firm […]
Chinese factory, consumer activity slow amid economy struggles
China’s economy showed further signs of weakness last month, with key data Monday revealing factory output and consumption rising at their weakest pace for around a year. Beijing has struggled to fully reignite the world’s number two economy since the end of the Covid-19 pandemic, with the once-booming property sector mired in a debt crisis […]
China factory output slumps but consumption offers bright spot
China’s factory output grew slower than expected last month as trade war pressures bit, official data showed Monday, while a bump in a key gauge of domestic consumption offered a rare bright spot for the economy. The United States and China this month agreed to a temporary truce in a blistering trade war that saw tariffs […]
