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Turkey's manufacturing nears stabilisation, PMI hits highest since March 2024

Turkey's manufacturing nears stabilisation, PMI hits highest since March 2024

ISTANBUL, June 1 (Reuters) - Turkey's manufacturing sector neared stabilisation in May as output returned to growth and export orders rose for the first time in 21 months, a business survey showed on Monday.
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Asia's factory output expands as firms stockpile buffers over Iran war risks

Asia's factory output expands as firms stockpile buffers over Iran war risks

By Leika Kihara TOKYO, June 1 (Reuters) - Asia's factory activity expanded steadily in May on stockpiling by some companies to get ahead of supply shocks from the Middle East conflict, private surveys showed on Monday, a sign that the war's economic fallout is broadening across the region.
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Japan's factory growth slows as cost pressures surge, PMI shows

Japan's factory growth slows as cost pressures surge, PMI shows

TOKYO, June 1 (Reuters) - Japan's manufacturing sector expanded in May at a slightly slower pace, as record export order growth was offset by surging costs driven by the Middle East war and inflated output from stockpiling, a private survey showed on Monday.
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China May factory activity expands for sixth month as price pressures ease, private PMI shows

China May factory activity expands for sixth month as price pressures ease, private PMI shows

BEIJING, June 1 (Reuters) - China's manufacturing sector expanded for a sixth straight month in May, although at a slower pace, as output and new orders remained solid and price pressures eased, a private survey showed on Monday.
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India manufacturing activity rose in May despite cost pressures, PMI shows

India manufacturing activity rose in May despite cost pressures, PMI shows

BENGALURU, June 1 (Reuters) - India's manufacturing sector expanded at its fastest pace in three months in May on sustained demand even as cost pressures were among the most intense in nearly four years and business optimism softened to its lowest since February, a survey showed on Monday.
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South Korea export growth hits four-decade high as chip sales hit record on AI boom

South Korea export growth hits four-decade high as chip sales hit record on AI boom

By Jihoon Lee SEOUL, June 1 (Reuters) - South Korea's exports grew at the strongest annual rate in more than four decades in May, beating market expectations, as chip sales hit a record on a global boom in AI investment.
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Japan's Q1 capex stalls as Iran war concerns weigh on business confidence

Japan's Q1 capex stalls as Iran war concerns weigh on business confidence

(Corrects to restore dropped word 'flat' in lead paragraph) By Makiko Yamazaki TOKYO, June 1 (Reuters) - Japanese companies' annual spending on plant and equipment remained almost flat in the first quarter, data showed on Monday, pausing after a year of strong growth as concerns mount over the
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Dollar steadies as markets await signals on Iran war, central banks

Dollar steadies as markets await signals on Iran war, central banks

By Rocky Swift TOKYO, June 1 (Reuters) - The U.S. dollar held steady on Monday after a weekly loss as markets awaited the results of peace talks in the Middle East and signals on the timing of central bank rate hikes.
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Rising exports lower US goods trade deficit in April

Rising exports lower US goods trade deficit in April

By Lucia Mutikani WASHINGTON, May 29 (Reuters) - The U.S. trade deficit in goods contracted more than expected in April as a surge in exports blunted rising imports, but economists cautioned the trend was unlikely to be sustainable, with businesses ramping up investment in artificial intelligence.
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Top euro zone countries see Iran inflation fallout broaden in May

Top euro zone countries see Iran inflation fallout broaden in May

FRANKFURT, May 29 (Reuters) - Inflation in the euro zone's four largest economies hovered above the European Central Bank's 2% target for a third straight month in May, preliminary data showed on Friday, as a rise in fuel costs triggered by the Iran war began to feed through to other prices.
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China's factory activity likely remained flat in May: Reuters poll

China's factory activity likely remained flat in May: Reuters poll

BEIJING, May 29 (Reuters) - China's factory activity likely remained flat in May after expanding for two months, indicating that weak domestic demand and cost pressures stemming from the U.S.-Israeli war on Iran may have begun to weigh on the manufacturing sector.
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Canada's Q1 GDP contracts on annualized basis, posting two quarters of decline

Canada's Q1 GDP contracts on annualized basis, posting two quarters of decline

By Promit Mukherjee OTTAWA, May 29 (Reuters) - Canada's economy contracted in the first quarter of the year on an annualized basis, data showed on Friday, making it two consecutive quarters of annualized decline which some would call a technical recession.