Thursday, 09 April 2020
New York
Friday, 3 April 2020 19:48 WIB

The U.S. economy shed 701,000 jobs in the month to mid-March, the government said in a monthly labor market report that largely predates any impact from the Covid-19 pandemic on the U.S. economy. The figures, normally the most eagerly-awaited data of the month in global financial markets, have already been rendered largely meaningless by the unprecedented spike in jobless claims over the subsequent two weeks. Nearly 10 million Americans “ 6% of a total workforce of 164 million - have filed for unemployment benefit since the Bureau of Labor Statistics™ cut-off date of March 12. Analysts...

U.S. Services Gauge Climbs to Five-Month High on Gain in Orders
Wednesday, 5 February 2020 22:26 WIB | Ekonomi AS

Firmer business activity and orders helped lift a gauge of U.S. service providers to a five-month high in January, indicating steady growth in the broader economy at risk of wavering amid mounting concerns about the coronavirus. The Institute for Supply Management's non-manufacturing index climbed to 55.5, exceeding the median projection in a Bloomberg survey of economists, from 54.9 a month earlier, according to data issued Wednesday. A measure of business activity climbed to an almost one-year high. The subindex, which parallels the group's index of...

US: ADP Employment Change prints +291K in January vs. 156K expected
Wednesday, 5 February 2020 20:35 WIB | Ekonomi AS

Employment Change in the US private sector came in at +291,000 in January following December's increase of 199,000 (revised from 202,000), the Automatic Data Processing (ADP) reported on Wednesday. The US Dollar Index edged higher after the data and was last up 0.18% on a daily basis at 98.12. Commenting on the data, "the labor market experienced expanded payrolls in January, said Ahu Yildirmaz, vice president and cohead of the ADP Research Institute. œJob creation was strong among midsized companies, though small companies enjoyed the strongest performance in the last 18...

U.S. Manufacturing Posts Its First Expansion in Six Months
Monday, 3 February 2020 22:10 WIB | Ekonomi AS

A gauge of U.S. manufacturing rebounded sharply in January, topping estimates and signaling growth in the beleaguered sector for the first time since July. The Institute for Supply Management's purchasing managers' index, based on a survey of manufacturers, increased to 50.9 in January from an almost four-year low of 47.8, according to Monday's data. While just above the 50 level that signals expansion, the monthly advance was the largest since mid-2013. ISM last week revised data back to 2012. The gain -- exceeding the median projection for 48.5 -- reflected sizable improvements in...

China Jan Factory Activity Growth Slows to 5-Month Low - Caixin Survey
Monday, 3 February 2020 09:02 WIB |

China's factory activity expanded at its slowest pace in five months in January, even as an outbreak of a new virus added to risks facing the world's second-largest economy, a private survey showed on Monday. The Caixin/Markit Manufacturing Purchasing Managers' Index (PMI) eased to 51.1 from 51.5 in December, missing expectations but remaining above the 50-mark that separates growth from contraction for the sixth straight month. Analysts had expected a reading of 51.3. The findings, which focus mostly on small and export-oriented businesses, were slightly more optimistic than those in an...

China Jan. Manufacturing PMI at 50.0; Matching Est.
Friday, 31 January 2020 08:13 WIB | PMI China

National Bureau of Statistics and China Federation of Logistics and Purchasing release figures today. Jan. manufacturing PMI forecast range 49.5-50.5 from 31 economists; Dec. 50.2. Jan. non-manufacturing PMI rises to 54.1 from 53.5 in Dec.; est. 53 (16 economists). Jan. composite PMI falls to 53.0 from 53.4 in Dec. Source : Bloomberg

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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...

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...

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...

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,"...