TRACC

China's exports gain steam though outlook remains uncertain

China’s exports gain steam though outlook remains uncertain

China July exports grow at faster pace, beat forecast Imports again disappoint, highlighting weak domestic demand Trade balance hit record high in July Weak foreign demand adds stress to trade, economic outlook BEIJING, Aug 7 (Reuters) – China’s export growth unexpectedly picked up speed in July, offering an encouraging boost to the economy as its …

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U.S. job growth seen slowing in July; but far from recession levels

U.S. job growth seen slowing in July; but far from recession levels

A pedestrian passes a “Help Wanted” sign in the door of a hardware store in Cambridge, Massachusetts, U.S., July 8, 2022. REUTERS/Brian Snyder/ Register now for FREE unlimited access to Reuters.com Register Nonfarm payrolls forecast to increase by 250,000 in July Unemployment rate seen unchanged at 3.6% Average hourly earnings expected to rise 0.3% WASHINGTON, …

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China's factory activity contracts unexpectedly in July as COVID flares up

China’s factory activity contracts unexpectedly in July as COVID flares up

Employees work on the production line of vehicle components during a government-organised media tour to a factory of German engineering group Voith, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China July 21, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register China July official manufacturing PMI below forecast July official services PMI grows …

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