Wednesday, 08 July 2020
New York
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...

China's First-Quarter GDP Posts First Decline on Record as Virus Shuts Down Economy
Friday, 17 April 2020 09:37 WIB | ekonomi China GDP China

China's economy shrank 6.8% in January-March from a year earlier, official data showed on Friday, the first such decline since at least 1992 when quarterly gross domestic product (GDP) records began. The historic slump in the world's second-largest economy comes after efforts to contain the coronavirus, which first emerged in China late last year, shut down factories, transport and shopping malls. Similar shutdowns now in effect in major economies elsewhere have devastated global trade and suggest an immediate Chinese recovery is likely to be some way off. The decline was larger than the...

Jobless claims soar by 5.25 million to push coronavirus-tied layoffs above 20 million
Thursday, 16 April 2020 20:26 WIB | Ekonomi AS Klaim pengangguran AS

Some 5.25 million workers whove lost their jobs applied for unemployment benefits last week, driving the number of coronavirus-related layoffs above 21 million in just one month as the nation grapples with the worst pandemic in a century. Initial jobless claims have climbed by 5.25 million, 6.2 million, 6.8 million and 3.3 million in the past four weeks, reflecting an almost unfathomable increase in unemployment that harkens back to the worst economic downturn in U.S. history 90 years ago. Just a month and a half ago, new jobless claims were in the low 200,000s and stood near a 50-year...

Australia Cautions March Jobs Data Covers Pre-Virus Lockdown Period
Thursday, 16 April 2020 09:21 WIB | Ekonomi Australia Unemployment

The Australian Bureau of Statistics (ABS) on Thursday cautioned that data on March employment covered just the first two weeks of the month before measures were taken to contain the spread of COVID-19, the respiratory disease caused by the new coronavirus. The data showed employment actually rose by 5,900 in March, when analysts had expected a drop of 40,000, while the jobless rate ticked up only slightly to 5.2%. However, the ABS emphasised the survey covered only the period of March 1-14 before entire sectors of the economy were shut to head off the virus. "Today's data shows some small...

Retail sales plunge a record 8.7% in March as coronavirus crisis freezes U.S. economy
Wednesday, 15 April 2020 20:27 WIB | Ekonomi AS

The onset of the coronavius pandemic triggered a record 8.7% slump in sales at U.S. retailers in March ” and theres no light at the end of the tunnel. Sales fell for the second month in a row in whats likely to be a prolonged period of agony for an industry that still relies heavily on lots of foot traffic and customers bunched together when they shop. Economists polled by MarketWatch had expected a 7.1% decline. Sales sank 27% at auto dealers and 17% at gas stations, two of biggest segments of the retail industry. Fewer people are buying cars with millions of Americans losing...

China's Trade Balance (CNY): Returns to surplus in March, imports pop while exports drop
Tuesday, 14 April 2020 11:35 WIB | Ekspor China ekonomi China

China's Trade Balance for March, in Yuan terms, came in at CNY 139.42 billion versus CNY -42.59 billion last. Exports came in at -3.5% vs. -15.9 last, while imports arrived at +2.4% vs. -2.4% last. China Jan-March yuan-denominated exports -11.4% YoY. Jan-March yuan-denominated imports -0.7% YoY. Jan-March trade balance +98.33 bln yuan. Q1 total trade with the US drops 18.3% in yuan terms. The mixed Chinese trade data served failed to deter the AUD bulls, as the AUD/USD pair remains in highs near 0.6430. Source : Fxstreet

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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,"...