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Outlook subdued for global industry
The outlook for global industry is subdued at best with manufacturing surveys from the United States, Europe and Japan showing either the barest evidence of growth or outright contraction.
Poor first quarter for US and European stock markets
THE first quarter of 2003 has been a bad one for stock markets in the United States and Europe, with all major market indices ending the period substantially lower.
Singapore economic outlook turns gloomier
B>Singapore:/BThe city-state#8217;s economic outlook, already darkened by the onset of war in Iraq and the impact of a deadly flu-like virus, took another blow yesterday when a key index of new factory orders pointed to shrinking manufacturing output ahead.
Regional stock markets end week off their lows
STOCK markets in Asia recouped some earlier losses to end the week off their lows, aided yesterday by bargain hunting amid rising hopes of an imminent end to the war in Iraq.
Data show Singapore economy on the mend
Singapore's manufacturing sector expanded in June after three months of contraction, the latest survey of purchasing managers showed, suggesting the economy may be recovering as the impact of the deadly Severe Acute Respiratory Syndrome (SARS) outbreak fades.
Asia takes up drumbeat of cheery news
A string of mostly cheery figures from across Asia yesterday has reinforced the recent message from Europe and the United States that the global economy is slowly looking up.
Euro zone GDP for second quarter revised to show contraction
The economy of the euro zone and nearly half its member states contracted in the second quarter 2003 but the European Commission expects a recovery in the coming months, reports showed yesterday.
Job woes cast doubt on US recovery hopes
Growth at US Midwest businesses slowed sharply in September while consumer confidence plunged to the lowest level since the start of the Iraq war, according to two reports just released.
US output growth in October fastest in 4 years
B>NEW YORK:/BUS manufacturers cranked up output in October to the fastest pace in nearly four years, according to a report on Monday that showed hard-hit factories enjoying their best rebound since the 2001 recession.
Factory output boosted by drugs sector
Singapore#8217;s factory output leapt ahead in October as the volatile pharmaceuticals sector stepped up production and electronics plants enjoyed a surge in demand from the United States, official data showed Wednesday.
