Tuesday, 02 June 2020
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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...

RECENT NEWS
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...

China's Service Sector Activity Expands at a Faster Pace in April - Official PMI
Thursday, 30 April 2020 08:47 WIB | ekonomi China

Chinas services activity expanded at a faster pace in April, but business is expected to take some time to fully recover due to the lingering impact from the coronavirus crisis at home and globally. The official non-manufacturing Purchasing Managers Index (PMI) rose to 53.2, from 52.3 in March, the National Bureau of Statistics said on Thursday. The 50-point mark separates growth from contraction on a monthly basis. Beijing is counting on a bounce in services sector to help revive its economy ravaged by the pandemic. But analysts caution that the recovery will be constrained by weak...

Coronavirus Hammered U.S. Economy in First Quarter
Wednesday, 29 April 2020 20:00 WIB | GDP AS

The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the novel coronavirus almost shut down the country, ending the longest expansion in the nation's history. The Commerce Department said gross domestic product fell at a 4.8% annualized rate in the January-to-March period after expanding at a 2.1% rate in the final three months of 2019. Economists in a Reuters poll had been looking for a GDP contraction of 4%, though estimates ranged to as low as negative 15%. The decline reflected a plunge in economic...

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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,"...