Wednesday, 08 July 2020
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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
German GDP Shrinks by 2.2% in The First Quarter as Coronavirus Lockdown Weighs
Friday, 15 May 2020 15:27 WIB | Ekonomi Jerman

German GDP (gross domestic product) shrank by 2.2% in the first quarter compared to the final three months of 2019, official statistics revealed Friday. The contraction, fueled by the early stages of nationwide lockdowns implemented in March to curtail the coronavirus pandemic, was in line with analyst expectations. Germany began easing its lockdown restrictions in late April, having experienced a considerably lower death rate than other major European countries. According to the Robert Koch Institute for Disease Control, the transmission rate for the coronavirus remained below the key...

Australia April unemployment rate +6.2 pct, s/adj (Reuters poll: +8.3)
Thursday, 14 May 2020 08:57 WIB | Ekonomi Australia Unemployment

The Aussie payrolls data had been indicating that around 1 million had already been rendered inactive. Today's official employment and unemployment statistics have been held in high anticipation and the data has finally arrived as follows: Australia April employment -594.3k s/adj (Reuters poll: -575.0k). Australia April unemployment rate +6.2 pct, s/adj (Reuters poll: +8.3). Australia April full-time employment -220.5k s/adj. Australia April participation rate +63.5 pct, s/adj (Reuters poll: +65.2 pct) The Unemployment Rate released by the Australian Bureau of Statistics is the number of...

UK GDP contracts -2.0% QoQ in Q1 vs. -2.5% expected, GBP/USD unfazed
Wednesday, 13 May 2020 13:28 WIB | GDP Inggris Ekonomi inggris

The preliminary reading of the first quarter 2020 UK GDP came in at -2.0% QoQ vs. -2.5% expected and 0.0% last while on an annualized basis the figure stood at -1.6% vs. -2.1% expected and +1.1% seen previously. The UK GDP monthly release showed that the UK economy contracted in March, arriving at -5.8% versus -8.0% expected and -0.1% previous. Meanwhile, Index of services (March) arrived at -1.9% 3M/3M vs. +0.3% expected and +0.2% prior. The Cable keeps its range around 1.2275 region, largely unfazed by the UK growth numbers. The Gross Domestic Product released by the National...

Consumer inflation posts biggest decline in April since 2008 as prices sink, CPI shows
Tuesday, 12 May 2020 20:17 WIB | Ekonomi AS CPI Amerika

One thing anxious Americans dont have to worry about with the COVID-19 pandemic shutting down large chunks of the economy is inflation. Consumer prices sank 0.8% in April, led by tumbling gasoline prices, to mark the biggest decline since the Great Recession. The decline in the consumer price index last month was the steepest since 2008. Economists polled by MarketWatch had also forecast an 0.8% drop. Prices at the pump led the decline, the government said Tuesday. Stay-at-home orders kept Americans off the roads and curbed the need to fuel up. Yet prices also fell by record amounts for...

Nonfarm Payrolls Fell 20.5 Million in April; Jobless Rate at 14.7%
Friday, 8 May 2020 19:47 WIB | Non-Farm Employment Ekonomi AS

U.S. economy shed over 20 million nonfarm jobs in April, the biggest monthly drop ever, vividly illustrating the economic devastation caused by the coronavirus pandemic. Nonfarm payrolls fell 20.5 million from March -- compared with a forecast of a drop of 21 million -- according to Labor Department data Friday,  as government-mandated shutdowns and the prospect of slumping consumer activity forced firms to lay off workers in droves. That comes after a decline of 701,000 in March, when an historic 113-month run of employment growth ended. The figures eradicate - if only temporarily -...

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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,"...