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Monday, 6 July 2020 21:14 WIB

A gauge of U.S. service industries jumped to a four-month high in June and showed the resumption of growth as the economy reopened more broadly from pandemic-induced lockdowns. The Institute for Supply Management said Monday that its non-manufacturing index soared a record 11.7 points to 57.1 last month. Readings above 50 indicate growth, and the June figure exceeded the 50.2 median forecast in a Bloomberg survey of economists. The rebound at service providers follows a similar jump in the group™s manufacturing gauge and indicates that the economy is recovering from its...

RECENT NEWS
UK Economy Still Shrinking But Pace Of Decline Eases: PMI
Wednesday, 3 June 2020 15:56 WIB | PMI U.K. Ekonomi inggris

Britains economy remained in a severe downturn in May although the pace of the slump moderated from Aprils crash and some companies benefited from the easing of coronavirus lockdowns around the world, a survey showed on Wednesday. The IHS Markit Purchasing Managers Index (PMI) combining Britains huge services sector and manufacturing rose to 30.0 from 13.8 in April, up from a preliminary May reading of 28.9. The index for services alone was also slightly higher than the preliminary figure but at 29.0 it was the second-weakest on record after Aprils crash to 13.4. Source :...

ISM Manufacturing PMI improves to 43.1 in May vs. 43.6 expected
Monday, 1 June 2020 21:32 WIB | Ekonomi AS

The economic activity in the US' manufacturing sector contracted at a softer pace in May than it did in April with the ISM's Manufacturing Purchasing Managers' Index (PMI) improving to 43.1 from 41.5. This reading came in slightly worse than the market expectation of 43.6. Further details of the publication showed that the Employment Index rose to 32.1 from 27.5 and the New Orders Index edged higher to 31.8 from 27.1. Assessing the report, "three months into the manufacturing disruption caused by the coronavirus (COVID-19) pandemic, comments from the panel were cautious (two cautious...

U.S. GDP Contracted 5% in First Quarter Instead of 4.8%
Thursday, 28 May 2020 19:53 WIB | PDB AS GDP AS

The U.S. economy contracted at an annual 5% pace in the first quarter instead of 4.8%, revised government data show. A downward revision to inventory investment mostly accounted for the downward revision, the Commerce Department said. Looking ahead, economists surveyed by MarketWatch predict GDP will plunge at a 27.7% annual rate as people stayed home to try to stem the spread of the coronavirus. Source : Marketwatch

Australia Second-Quarter Employment Fall May Now Be 15% Vs Earlier 20% Estimate
Thursday, 28 May 2020 08:20 WIB | Ekonomi Australia

Australian employment in the June quarter may have fallen by only 15% from a year earlier, less than a previous 20% estimate, as there are signs of job increases in the industries most affected by the novel coronavirus, the central bank chief said on Thursday. Reserve Bank of Australia (RBA) Governor Philip Lowe reiterated that the economic outlook was still incredibly uncertain. Lowe was speaking before a parliamentary committee which is looking at the Australian governments response to the coronavirus pandemic. Source : Reuters

U.K. Retail Sales Fall by a Record 18% in April, Clothing Sales Slump 50%
Friday, 22 May 2020 13:44 WIB | Retail Sales UK Retail Sales

A nationwide lockdown due to the coronavirus outbreak triggered a record fall in U.K. retail sales in April, the Office for National Statistics reported Friday. The volume of sales fell 18.1% in April on the year, the biggest monthly drop on record, following a slide of 5.2% in March. All sectors saw a monthly decline in volume sales except for a record rise in sales for non-store retailing of 18% and a continued gain in sales for alcohol stores at 2.3%. The volume of clothing sales plunged by 50.2% compared to March, which had seen a 34.9% drop. The data also revealed the biggest amount...

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ASIA
China's Factory Outlook Improves More than Expected in September
Monday, 30 September 2019 09:02 WIB

A report on the health of China™s manufacturing sector improved in September, although it was still below the line indicating contraction. The manufacturing purchasing...

UNITED STATES
U.S. Trade Deficit Narrows as Exports, Imports Both Plummet
Thursday, 6 June 2019 19:54 WIB

The U.S. trade deficit narrowed in April as both exports and imports tumbled, highlighting the impact of President Donald Trump™s tariffs even before negotiations with China unraveled and he...

EUROPE
German Services Hold Up Output as Manufacturers Struggle
Friday, 21 June 2019 14:53 WIB

Output from Germany's private sector remained unchanged in June, as a decline in manufacturing was offset by continued growth in services. A flash reading of the country's composite Purchasing...

GLOBAL ECONOMY
First Phase of US-China Trade Deal Announced
Monday, 16 December 2019 09:09 WIB

A trade deal between the United States and China, separately announced Friday by both countries, will be such a boon for American farmers they will "have to go out and buy much larger tractors,"...