GLOBAL ECONOMY Global business activity showed signs of slowdown in August -PMIs

Global business activity slowed further last month as services firms struggled with weak demand, potentially leading to a recession in the euro zone and a decline in the UK's private sector activity.

reuters.com

Relevant topic timeline:

8/28/2023

Post-pandemic, world facing gloomy stew of debt, trade wars and poor productivity

The global economy may face slow growth due to record levels of government debt, geopolitical tensions, and weak productivity gains, which could hinder development in some countries even before it begins.

8/31/2023

Global growth is set to slow — but there are 'pockets of resilience,' Moody's says

The global economy is expected to slow down due to persistently high inflation, higher interest rates, China's slowing growth, and financial system stresses, according to Moody's Investors Service, although there may be pockets of resilience in markets like India and Indonesia.

9/5/2023

Euro zone August downturn deeper than was thought

The decline in euro zone business activity accelerated faster than expected last month, with the services industry falling into contraction, raising concerns of a possible recession.

9/5/2023

UK PMI survey shows sharpest business slowdown in 7 months

Business activity in Britain's services sector declined in August, the first drop since January, due to higher interest rates dampening consumer and corporate demand, although the decrease was less severe than initially estimated.

9/5/2023

China's services activity falls in August to its lowest level in eight months

China's services sector experienced a slowdown in business activity, resulting in the lowest level in eight months, as weaker foreign demand and sluggish overseas orders impacted consumption, despite economic stimulus efforts.

9/22/2023

U.S. Business Growth Stalls in September as Services Slows and Orders Decline

U.S. business activity remains sluggish in September, with the services sector hovering at its slowest pace since February and new order activity hitting its lowest level of the year, according to a survey by S&P Global, which also indicated that job growth and consumer spending have held steady despite concerns over interest rate hikes and inflation.

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Posted 9/5/2023, 12:17:00 PM

GLOBAL ECONOMY Global business activity showed signs of slowdown in August -PMIs

Global business activity slowed further last month as services firms struggled with weak demand, potentially leading to a recession in the euro zone and a decline in the UK's private sector activity.

reuters.com

Relevant topic timeline:

8/28/2023

Post-pandemic, world facing gloomy stew of debt, trade wars and poor productivity

8/31/2023

Global growth is set to slow — but there are 'pockets of resilience,' Moody's says

9/5/2023

Euro zone August downturn deeper than was thought

The decline in euro zone business activity accelerated faster than expected last month, with the services industry falling into contraction, raising concerns of a possible recession.

9/5/2023

UK PMI survey shows sharpest business slowdown in 7 months

9/5/2023

China's services activity falls in August to its lowest level in eight months

9/22/2023

U.S. Business Growth Stalls in September as Services Slows and Orders Decline