Thursday, 04 June 2020
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Wednesday, 3 June 2020 21:19 WIB

U.S. services industry activity pushed off an 11-year low in May, but businesses appeared in no rush to rehire workers as they reopen, supporting views the economy could take years to recover from the devastation caused by the COVID-19 crisis. The Institute for Supply Management (ISM) said on Wednesday its non-manufacturing activity index rose to a reading of 45.4 last month from 41.8 in April, which was the lowest since March 2009 and first contraction since December 2009. A reading below 50 indicates contraction in the services sector, which accounts for more than two-thirds of U.S....

RECENT NEWS
UK Employment Growth Slowed In March As COVID Began To Hit
Tuesday, 21 April 2020 13:56 WIB | Ekonomi inggris Data Pekerjaan

The number of people in work in Britain grew more slowly last month than in February, official figures showed on Tuesday in one of the first signs of the impact of the coronavirus shutdown on jobs. Growth in the number of people on British companies' payrolls slowed to 0.8% in March from 1.1% in February, according to preliminary tax data that has been released earlier than usual to give a clearer sense of the impact of COVID-19. The ONS also reported a 12,100 monthly increase in the number of unemployment benefit claims for March, far below the median forecast of 172,500 in a Reuters poll...

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...

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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,"...