BENGALURU/LONDON—Euro zone business growth slipped to a six-month low in October as supply chain bottlenecks and logistical issues related to the COVID-19 pandemic pushed input prices to rise at the fastest rate in over two decades, a survey showed. Government restrictions are being lifted in the currency bloc but shortages of raw materials in the…
Euro Zone Business Growth Slipped to Six-Month Low in October as Price Pressures Soared
British Construction Industry Growth Picks up Despite Supply Pressures
Growth in the UK’s construction sector picked up pace again last month despite supply disruption impacting firms, according to new figures. The closely followed IHS Markit/CIPS UK Construction purchasing managers’ index (PMI) hit a reading of 54.6 for October, up from 52.6 in September. Any reading above 50 is seen as a sector in growth….
Euro Zone October Factory Growth Hurt by Supply Woes, Price Pressures: PMI
November 2, 2021
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LONDON—Euro zone manufacturing activity remained strong last month but was curtailed by supply chain bottlenecks and logistical problems which sent input costs soaring, a survey showed on Tuesday. Ongoing disruptions caused by the coronavirus pandemic, alongside a shortage of heavy goods vehicle drivers, has caused product shortages and left factories struggling to get the raw…
Supply Chain Issues Slow French Manufacturing Growth in October: PMI
November 2, 2021
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PARIS—Supply chain issues hit France’s manufacturing sector in October, where the slowdown in growth came broadly in line with initial forecasts, a monthly survey showed on Tuesday. Data compiler IHS Markit said its final purchasing managers’ index for French manufacturing in October fell to 53.6 points from 55.0 in September, up a notch from an…
Amazon’s Ad Business Growth Outpaces That of Google, Facebook but Slowest in 5 QTRs
Amazon.com, Inc.’s advertising business grew at the slowest pace in five quarters but still delivered a higher growth rate than those of key big-tech rivals Alphabet Inc. and Facebook Inc. as it did a better job facing privacy changes by tech giant Apple Inc. What Happened The e-commerce giant made $8.09 billion from its advertising…
Carlyle Q3 Earnings Jump Fivefold on Record Asset Sales
NEW YORK—Carlyle Group Inc. said on Thursday its third-quarter distributable earnings jumped nearly fivefold, driven by record asset sales mostly in its private equity portfolio. Distributable earnings reached a record $731 million, up from $152 million a year earlier. Carlyle reported after-tax distributable earnings per share of $1.54, which exceeded the average Wall Street analyst…
Germany Cuts 2021 Growth Outlook as Supply Problems, Energy Prices Bite
BERLIN—The German government on Wednesday cut its growth forecast for this year to 2.6 percent but raised its estimate for next year to 4.1 percent as supply bottlenecks for semiconductors and rising energy costs delay the recovery in Europe’s largest economy. Confirming an earlier Reuters report, Economy Minister Peter Altmaier said the economy remained robust…
Fed Report Shows Wage Pressures Amid ‘Modest to Moderate’ Economic Growth
U.S. employers reported significant increases in prices and wages even as economic growth decelerated to a “modest to moderate” pace in September and early October, the Federal Reserve said on Wednesday in its latest compendium of reports about the economy. “Outlooks for near-term economic activity remained positive, overall, but some Districts noted increased uncertainty and…
Euro Zone Business Growth Slowed in October, Prices Soared: PMIs
LONDON―Growth in euro zone business activity slowed this month as firms faced soaring costs due to supply-chain constraints, while the bloc’s dominant service industry struggled amid ongoing COVID-19 concerns, a survey showed on Friday. IHS Markit’s Flash Composite Purchasing Managers’ Index (PMI), a good gauge of overall economic health, fell to a six-month low of…
Analysts Cut Asia’s Corporate Earnings Estimates on Growth Concerns
October 21, 2021
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Asian companies’ earnings have been downgraded for the first time in 16 months, data shows, on concerns over slowing growth in China and on worries that higher inflation and supply chain disruptions would weigh on profits. According to Refinitiv IBES estimates data, MSCI Asia-Pacific companies’ earnings estimates for the next 12 months have been cut…
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