Economy : Page 851

Kenya's economy may grow 5.8 percent

June 6, 2016 Kenya's economy is projected to expand to 5.8% this year from 5.6% in 2015, a global outlook consensus suggests, putting it among the few countries tipped for higher growth in Africa.

U.S. ISM non-manufacturing falls short of estimates

June 4, 2016 The Institute for Supply Management's Index of non-manufacturing activity fell to 52.9 in May from 55.7 in April, missing expectations for a reading of 55.2.

OECD: Economic recession in Brazil to last till 2017

June 4, 2016 A report by the Paris-based Organization for Economic Cooperation and Development (OECD) showed that Brazil's economic recession would last until 2017.

Turkey's annual inflation in May announced as 6.58 percent

June 4, 2016 Turkey's annual rate of inflation rose slightly last month, the Turkish statistical institute (TurkStat) said.

Markit's eurozone composite PMI touch better than expected

June 4, 2016 Markit's final eurozone composite output index came in at 53.1 in May, up from the flash estimate of 52.9 and April's reading of 53.0.

Bundesbank cuts GDP and CPI forecasts for Germany

June 4, 2016 The Bundesbank downgraded its forecasts for German inflation and growth, but said the economy's underlying cyclical trend is fairly robust, driven by buoyant domestic demand.

Services in Britain show slightly stronger rate of growth

June 4, 2016 UK services growth picked up in May but remained subdued. The Markit/CIPS services purchasing managers' index rose to 53.5 from April's 38-month low of 52.3.

U.S. services sector slows in May, PMI 51.3

June 3, 2016 Data released by Markit pointed to a slowdown in the US services sector in May. The final U.S. services purchasing managers' index came in at 51.3 in May.

Diversification drives Manitoba’s export performance

June 3, 2016 Thanks to the diversification of its export economy, Manitoba’s exports will grow by four percent in 2016 and five percent next year, according to Export Development Canada’s semi-annual Global Export Forecast.

Brazil economy shrinks less than expected in Q1

June 3, 2016 Brazil's economy remained stuck in a severe recession during the first three months of the year, shrinking for the fifth straight quarter, though the pace of contraction slowed, preliminary data from the statistical office IBGE showed.

U.S. manufacturing index unexpectedly inches higher in May

June 3, 2016 Economic activity in the U.S. manufacturing sector unexpectedly expanded at a faster rate in the month of May, the Institute for Supply Management (ISM) revealed.

Argentina's industrial production down 6.7% year on year in April

June 3, 2016 Argentina's industrial output contracted 6.7% in April compared with the same month last year, the Indec statistics agency said.