BEIJING (Reuters) - China's average daily home sales during the major May Day public holiday sank 47% from a year earlier, and were down around 30% from pre-pandemic levels in 2019 for the same holiday period, according to a private survey on Monday.
Home sales fell in 19 of 22 surveyed cities during the five-day May Day compared to the same period of 2023, and were down more than 60% in mega cities of Guangzhou and Shanghai, according to data from the... (continue reading...)
(Reuters) - Israel has urged Palestinians to evacuate parts of the Gazan city of Rafah in apparent preparation for an assault on Hamas units that foreign powers fear could take a big civilian toll.
Here is some comment:
HAMAS OFFICIAL SAMI ABU ZUHURI
"This is a dangerous escalation that will have consequences. The U.S. administration, alongside the occupation, bears responsibility for this terrorism."
GAZA... (continue reading...)
By Sophie Yu and Casey Hall
BEIJING (Reuters) -Domestic travellers spent 166.9 billion yuan ($23.13 billion) during one of China's longest breaks, the May Day holiday, a rise of 13.5% from pre-pandemic levels, government data showed on Monday, but expenditure per head lagged 2019 rates.
Boosting consumer confidence has presented a key challenge for Chinese authorities this year amid a declining property market, high youth unemployment and... (continue reading...)
LONDON (Reuters) - Euro zone business activity expanded at its fastest pace in almost a year last month as a resurgence in the bloc's dominant services industry more than offset a deeper downturn in manufacturing, a survey showed on Monday.
HCOB's composite Purchasing Managers' Index (PMI) for the currency union, compiled by S&P Global and seen as a good gauge of overall economic health, bounced to 51.7 in April from March's 50.3, surpassing a... (continue reading...)
By Maria Martinez
BERLIN (Reuters) - Business activity in Germany's services sector picked up pace at the start of the second quarter, supported by growth in new orders, a survey showed on Monday.
The HCOB final services Purchasing Managers' Index (PMI) rose to 53.2 in April from 50.1 in March, moving further above the 50.0 mark that separates growth from contraction. The reading was the highest since June last year.
"The... (continue reading...)
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