Tuesday, 02 June 2020
New York
Monday, 1 June 2020 21:32 WIB

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...

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 -...

Jobless Claims Jump 3.2 Million In Early May, But Historic Rate Of Layoffs Is Slowing
Thursday, 7 May 2020 19:48 WIB | U.S.Unemployment Ekonomi AS Klaim pengangguran AS

Almost 3.2 million people applied for unemployment benefits last week after the coronavirus cost them their jobs, but the historic wave of layoffs tied to the pandemic is receding. The number of initial jobless claims processed in the week ended May 2 was less than half the crisis peak of 6.9 million at the end of March. Still, some 33 million new claims have been filed in seven weeks, a record-shattering surge that has sent the economy plunging into a deep recession from which it may take years for the U.S. to recover. A separate report by large payroll processor ADP said more than 20...

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

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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,"...