- German industrial orders slump more than expected in AugustMacro Matters ·
October 6, 2022 · 7:10 AM UTC· undefined ago
German industrial orders dropped more than expected in August, dragged down by a fall in orders from the euro zone, where companies are battling with energy and inflation crises, data showed on Thursday.
- Asian MarketsChina state-owned firms' Jan-August profits down 1.5% y/y
Profits at China's state-owned firms in January-August fell 1.5% from the same period a year earlier to 3 trillion yuan ($420.8 billion), the country's finance ministry said on Friday, narrowing from a 2.1% drop in January-July.
- Macro MattersChina's Sept factory activity contracts more sharply as demand slumps
China's factory activity contracted at a sharper pace in September as strict COVID lockdowns disrupted production and dampened sales, a private sector survey showed on Friday.
- Asian MarketsChina's Sept factory activity unexpectedly expands - official PMI
China's factory activity unexpectedly expanded in September, an official survey showed on Friday, even as authorities imposed strict COVID-19 curbs in big cities and export growth softened.