Consumers regaining confidence as reflected by latest research

The Consumer Confidence Index for the third quarter crossed a threshold rate, signaling a regain in confidence, Macau University of Science and Technology (MUST) has announced.

Chinese officials voice faith in recovery, keep interest rates steady as forecasts darken

Leading Chinese planners voiced confidence yesterday in the outlook for the world’s second-largest economy, holding key interest rates steady amid signs of improvement in some areas such

Europe’s central bank faces close call on interest rates as threat of recession grows

Caught between stubborn inflation and  The decision comes as the ECB, U.S. Federal Reserve and other major central banks are nearing the end of their swift  ECB President Christine

GDP grows 117% in Q2

Macau's economy saw an upturn in the second quarter of the year, marking the highest quarterly growth since the second quarter of 2021. Data from

Xi calls for patience as Communist Party tries to reverse economic woes

Chinese leader Xi Jinping has called for patience in a speech released as the ruling Communist Party tries to reverse a deepening economic slump and said Western

No update on surging youth unemployment as economic decline deepens

China's government suspended giving an update on a possible spike in unemployment among young people as official data yesterday showed an economic decline deepened in July.

Prosperity Index to rise amid steady recovery

The Macau Economic Association expects that the local prosperity index will continue to rise steadily from July to October. This comes after Macau’s tourism

July exports tumble by double digits, adding to pressure to shore up flagging economy

China's exports plunged by 14.5% in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump.

GDP rose 39% in Q1, AMCM expects robust growth throughout 2023

Macau's Gross Domestic Product (GDP) grew by 38.8% in the first quarter of the year as the local economy picked up sharply following the relaxation of borders.

Economy misses growth forecasts, raising the odds of more support for its tepid recovery

China's economic growth missed forecasts in the second quarter of the year, adding to worries over surging youth unemployment and a weak property sector and

Group expects 1H GDP to rise 70% y-o-y

The estimated rise of the city’s GDP for the first half of the year is 70% year-on-year, the Macau Economic Association (MEA) has noted in

Exports slumped 12.4% in June from a year earlier as global demand weakened

China's exports tumbled 12.4% in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation even as Chinese

Macau records below-passing Consumer Confidence Index in Q2

The city has obtained a score of 94.33 in the Consumer Confidence Index in the second quarter of the year, on a scale of 0

Survey shows manufacturing contracted in June as export orders decreased

China's factory activity contracted for another month in June as export orders decreased, an official survey showed Friday, adding to signs an economic rebound following the

Premier says economic growth is accelerating and the country can hit its 5% target this year

China's No. 2 leader said yesterday that economic growth accelerated in the latest quarter and expressed confidence it can hit the ruling Communist Party’s official target of

UK borrowers brace for more expensive loans as inflation fails to fall as anticipated

Borrowers in the U.K. will be bracing themselves for further increases in lending costs after official figures yesterday showed inflation failing to fall as anticipated in

New Zealand’s economy dips into recession as higher interest rates bite

New Zealand’s economy has dipped into recession as higher interest rates take their toll, new figures released yesterday show. Gross domestic product fell by 0.1%

City’s Prosperity Index remains at ‘Stability’ level

With a projected Prosperity Index at 5.5 for June 2023, Macau’s economy should retain robust synergy and achieve better results during the summer holiday, the Macau

After good first quarter, China struggles with weaker recovery

Sales of Yizhuan Automobile Co.’s trash trucks picked up after China ended anti-virus controls in December, but their growth is in low gear as managers struggle

Trade tumbles in May, adding to signs economic recovery is slowing

China's exports fell 7.5% from a year earlier in May and imports were down 4.5%, adding to signs an economic rebound following the end of anti-virus

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