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Nov 4, 2015

Euro zone growth weak in October, China services rally

LONDON (Reuters) – Euro zone private business growth remained tepid last month but activity in China’s services industry expanded at its fastest pace in three months, easing concerns about persistent weakness in its economy, surveys showed on Wednesday.

There was little sign the European Central Bank’s massive stimulus program was boosting economic activity or price pressures in the bloc, and the survey showed firms returned to price-cutting last month to drum up trade.

Nov 4, 2015

Euro zone business growth remained tepid in October: PMI

LONDON, (Reuters) – Euro zone business growth remained tepid last month, with the European Central Bank’s massive stimulus program having little apparent impact on economic activity or price pressures, a survey showed on Wednesday.

Compiler Markit said the surveys pointed to quarterly economic growth of around 0.4 percent, in line with the forecast in a Reuters poll published in October. [ECILT/EU] Markit’s final October Composite Purchasing Managers’ Index (PMI) came in at 53.9, weaker than an earlier estimate of 54.0

Nov 2, 2015

Global factories struggle as stimulus fails to spur

LONDON/SYDNEY (Reuters) – Massive monetary stimulus from Chinese and European central banks has done little to spur factory growth, moving a debate over more easing up the agenda and raising doubts over whether U.S. interest rates will rise this year.

A crop of industry surveys out on Monday pointed to October as another subdued month. Activity in China’s colossal factory sector shrank as global demand stuttered while euro zone factories again resorted to slashing prices to drum up trade.

Nov 2, 2015

Euro zone factory growth remains weak in October despite ECB stimulus: PMI

London, (Reuters) – The European Central Bank’s massive stimulus program has done little to spur manufacturing growth in the euro zone, a survey showed on Monday, as factories again resorted to slashing prices to drum up trade.

More than half a year after the ECB started pumping 60 billion euros a month of new money into the bloc’s economy through its quantitative easing program, the relatively downbeat survey may make disappointing reading for policymakers.

Nov 2, 2015

Euro zone factory growth remains weak in October despite ECB stimulus: PMI

London, (Reuters) – The European Central Bank’s massive stimulus program has done little to spur manufacturing growth in the euro zone, a survey showed on Monday, as factories again resorted to slashing prices to drum up trade.

More than half a year after the ECB started pumping 60 billion euros a month of new money into the bloc’s economy through its quantitative easing program, the relatively downbeat survey may make disappointing reading for policymakers.

Oct 26, 2015

First Bank of England hike now not expected until second quarter 2016: Reuters poll

LONDON (Reuters) – The Bank of England will not raise interest rates from a record low until the second quarter of next year, later than previously thought, as it has made no progress in driving up inflation, a Reuters poll found.

Britain’s Bank Rate has been just 0.5 percent since early 2009 and the median forecast from nearly 60 economists polled in the past few days said it would be at least April before it rises. Even then, the rate is only likely to be lifted by 25 basis points, the poll published on Monday showed.

Oct 23, 2015

Euro zone October business growth surprisingly strong: PMI

LONDON (Reuters) – Euro zone business activity picked up more than expected in October as new work for services companies flooded in at the fastest rate since April, but there was still no sign of inflationary pressures, a survey showed.

The survey data should be welcomed by the European Central Bank, coming more than six months after it embarked on a trillion-euro quantitative easing program to try and boost inflation and growth in the troubled bloc.

Oct 23, 2015

Business grows in euro zone, but companies cut prices

LONDON, Oct 23 (Reuters) – Business activity picked up more
than expected in the euro zone in October, buoyed by Germany and
France, but with no sign of healthy price increases.

Survey data released on Friday should be welcomed by the
European Central Bank, coming more than six months after it
embarked on a trillion-euro quantitative easing programme to try
to boost growth in the bloc.

Oct 16, 2015

BoE still to hike in Q1 despite risk of prolonged low inflation – Reuters poll

LONDON (Reuters) – The Bank of England is still expected to start tightening monetary policy early next year despite the significant risk of a prolonged period of disinflation, a Reuters poll found.

While some banks did push back forecasts, the median from a poll of over 40 economists taken in the past week still predicted British interest rates would rise 25 basis points from a record low of 0.5 percent in the first three months of 2016.

Oct 15, 2015

BoE still to hike in first quarter despite risk of prolonged low inflation: poll

LONDON (Reuters) – The Bank of England is still expected to start tightening monetary policy early next year despite the significant risk of a prolonged period of disinflation, a Reuters poll found.

While some banks did push back forecasts, the median from a poll of over 40 economists taken in the past week still predicted British interest rates would rise 25 basis points from a record low of 0.5 percent in the first three months of 2016.