मैगज़्टर गोल्ड के साथ असीमित हो जाओ

मैगज़्टर गोल्ड के साथ असीमित हो जाओ

9,500 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ

$149.99
 
$74.99/वर्ष

कोशिश गोल्ड - मुक्त

European factory output stabilises further but Asia and US struggle

Gulf Today

|

June 03, 2025

European manufacturing took another step towards stabilisation in May but US activity contracted for a third straight month and Asian factory activity shrank as soft demand in China and US tariffs took a heavy toll, surveys showed, highlighting the darkening outlook for the once fast-growing region.

European factory output stabilises further but Asia and US struggle

US President Donald Trump's flip-flopping on trade tariffs-including Friday's surprise doubling of levies on imported steel and aluminium-has left firms unsure about where the charges will settle.

Still, production increased for a third consecutive month in Europe's common currency area, supported by a near-stabilisation in demand.

The HCOB Eurozone Manufacturing Purchasing Managers’ Index rose to 49.4 in May from 49.0 in April, marking a 33-month high and in line with a preliminary estimate but remaining below the 50.0 threshold separating growth from contraction.

France's PMI moved closer to breakeven at 49.8, a 28-month high. But Europe's largest economy, Germany, remained the weakest performer among the big Eurozone members with a PMI of 48.3.

"I wouldn't read too much into the numbers today. A bit up for France, a bit down for Germany," said Salomon Fiedler at Bernberg.

"For the Eurozone as a whole we are stable."

In Britain, outside the European Union, the downturn was less steep than first feared in May but output, orders and jobs continued to drop as companies cited recent tax hikes and Trump's tariffs.

US manufacturing activity fell to a six-month low in May and suppliers took longer to deliver inputs amid tariffs, potentially signaling looming shortages of some goods.

Gulf Today से और कहानियाँ

Gulf Today

Words Of Truth speaks loud at G2 Mill Reef Stakes

Words Of Truth continued his ascent up the juvenile sprinting ranks with a professional display in the G2 Mill Reef Stakes at Newbury, UK, on Saturday.

time to read

2 mins

September 21, 2025

Gulf Today

Congress has no good excuse to keep trading stocks

In what’s become something of a ritual, members of Congress have lately been holding news conferences calling for stricter limits on their own stock trading. Americans love this idea, yet the bills have so far gone nowhere. Here’s hoping common sense may soon prevail.

time to read

2 mins

September 21, 2025

Gulf Today

Police surrounded my house at night, says ex-minister

Former minister Shireen Mazari said on Saturday that a “heavily armed raiding party” of the Islamabad police surrounded her house at lam and enquired about her daughter, Imaan Zainab Mazari-Hazir, and son-in-law, Hadi Ali Chattha.

time to read

1 mins

September 21, 2025

Gulf Today

Verstappen on pole in Baku after Piastri, Leclerc crash

Max Verstappen tiptoed through the hazards of a wild qualifying session featuring six red-flag stoppages on Saturday to claim pole position for the Azerbaijan Grand Prix.

time to read

2 mins

September 21, 2025

Gulf Today

Countdown begins for inaugural Al Ain Masters

The countdown is on for the Al Ain Masters 2025, with just 10 days to go before the world's top badminton stars gather at the Khalifa Bin Zayed Hall, Al Ain Club.

time to read

1 mins

September 21, 2025

Gulf Today

Gulf Today

Al Jazira rout Bani Yas, Al Wahda drub Al Dhafra

Al Jazira delivered a commanding performance to sweep aside Bani Yas 4-0 in matchweek four of the Adnoc Pro League on Friday.

time to read

2 mins

September 21, 2025

Gulf Today

Probe ordered into misconduct allegations against 4 DSPS

Sindh Inspector General of Police (IGP) Ghulam Nabi Memon has ordered an inquiry into serious misconduct allegations against four deputy superintendents of police (DSPs) in Karachi.

time to read

1 mins

September 21, 2025

Gulf Today

Man fined Dhs45,000 for damaging motorcycle

Al Dhafra Court of First Instance has ordered a man to pay Dhs45,000 in compensation to another after he unlawfully used and damaged the latter's motorcycle.

time to read

1 mins

September 21, 2025

Gulf Today

Gulf Today

Wanyonyi adds world 800m crown to Olympic gold, Chebet stuns Kipyegon

Emmanuel Wanyonyi and Beatrice Chebet made it a memorable night for Kenya at the world championships on Saturday as they produced outstanding performances to win the men's 800 metres and women's 5,000m respectively.

time to read

1 mins

September 21, 2025

Gulf Today

Gulf Today

Indonesia's surprise rate cut, growth gambit put rupiah in the crosshairs

Bank Indonesia's rate cut this week stunned markets for all the wrong reasons - investors fear the central bank is bowing to pressure from President Prabowo Subianto to juice the economy, compromising its independence and risking a rupiah selloff.

time to read

3 mins

September 21, 2025

Listen

Translate

Share

-
+

Change font size