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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
Australia's Trade Surplus Swells to Record as Export Prices Soar
Thursday, 7 May 2020 13:14 WIB | Bullish Ekonomi Jerman

Australia's trade windfall increased to a new high as prices and volumes of commodities like iron ore surged, boosting the economy as it headed into the late-March coronavirus lockdown. The surplus spiked to a record A$10.6 billion ($6.8 billion) in March, exceeding economists estimates of A$6 billion and up from a downwardly revised A$3.9 billion in February, Australian Bureau of Statistics data showed Thursday. Overseas shipments advanced 15%, the most since September 2000. Source: Bloomberg

U.S. Private Sector Sheds 20.2 Million Jobs in April: ADP
Wednesday, 6 May 2020 19:37 WIB | Ekonomi AS

The U.S. private sector shed 20.23 million jobs in March, according to a report by payrolls processor ADP, as measures to contain the coronavirus pandemic continued to devastate the country's economy. Analysts polled by Investing.com had expected the private sector to have shed over 20 million jobs in April due to statewide lockdown measures. Marchs figure was revised to show job losses of 149,000 from the decline of 27,000 that was initially reported. The ADP numbers come ahead of the Labor Department's nonfarm payrolls report for April on Friday, which includes both public and...

US Services Sector Posts Biggest Contraction Since 2009 As Coronavirus Halts Economic Activity
Tuesday, 5 May 2020 21:38 WIB | Ekonomi AS

The U.S. services sector contracted for the first time in about a decade last month as the coronavirus pandemic brought economic activity in the country to a near-screeching halt, according to the Institute for Supply Management. The ISM nonmanufacturing index dropped to 41.8 in April from 52.5 in March, showing the first contraction in services since December 2009. It was also the biggest contraction for the sector since March 2009, when the index hit 40. To be sure, the April print was above a Dow Jones estimate of 40. Aprils sharp decline was driven by the lowest amount of business...

U.S. Manufacturing Skids to 11-Year Low in April as Orders Sink: ISM
Friday, 1 May 2020 21:29 WIB | Indeks manufaktur AS Manufaktur AS

U.S. manufacturing activity plunged to an 11-year low in April as the novel coronavirus wreaked havoc on supply chains, supporting analysts' views the economy was sinking deeper into recession. The Institute for Supply Management (ISM) said on Friday its index of national factory activity dropped to a reading of 41.5 last month from 49.1 in March. That was the lowest level since April 2009, just a few months before the Great Recession ended. A reading below 50 indicates contraction in the manufacturing sector, which accounts for 11% of the U.S. economy. Economists polled by Reuters had...

U.S. Weekly Jobless Claims Remain Elevated as Millions More Seek Benefits
Thursday, 30 April 2020 20:03 WIB | US Jobless Claims Klaim pengangguran AS

Millions more Americans filed claims for unemployment benefits last week, suggesting that layoffs were spreading to industries that were not initially directly impacted by business closures and disruptions related to the coronavirus. The Labor Department's weekly jobless claims report on Thursday followed news on Wednesday that the economy in the first quarter suffered its sharpest contraction since the Great Recession. This ended the longest expansion in the United States' history as the economy reels from nationwide lockdowns to slow the spread of COVID-19, the respiratory illness caused...

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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,"...