Sunday, 12 July 2020
New York
Thursday, 9 July 2020 19:43 WIB

Applications for unemployment benefits in the U.S. declined last week by more than projected, easing concerns of a renewed downturn in the labor market after several large states reported a pickup in coronavirus cases. Initial jobless claims in regular state programs fell by 99,000 to 1.31 million in the week ended July 4, Labor Department data showed Thursday. The median forecast in a Bloomberg survey of economists called for 1.375 million. Continuing claims -- the total number of Americans claiming ongoing unemployment benefits in state programs -- declined to 18.1 million...

Euro zone downturn slows significantly in June, spurring hopes of an economic recovery
Tuesday, 23 June 2020 15:46 WIB | Ekonomi Eropa

The downturn in the euro zone continued to recover in June, according to data Tuesday, giving the latest indication of the regions economic health as it emerges from the coronavirus pandemic. Flash purchasing managers index (PMI) data ” measuring activity in both the services and manufacturing sector in the euro zone ” came in at 47.5 in June, up from a final reading of 31.9 in May. The 50-point mark separates contraction from expansion. Economists polled by Reuters had expected the flash June PMI to come in at 42.4. The 15.6-point rise was by far the largest in the survey...

French and German PMIs Improve in June and Top Forecasts
Tuesday, 23 June 2020 14:46 WIB | PMI PMI Perancis

The release of purchasing managers indexes in Europe showed activity rebounding in June. The Markit flash French manufacturing PMI rose to a 21-month high of 52.1 from 40.6 in May, and the flash German manufacturing PMI rose to a 3-month high of 44.6 in June from 36.6 in May. The flash French services PMI rose to 50.3 in June from 31.1 in May, and the German services PMI rose to 45.8 from 32.6. Any reading above the 50-mark indicating improving conditions, and all four readings were above economist estimates. Source : Marketwatch

U.K. retail sales and consumer confidence bounce in May
Friday, 19 June 2020 16:03 WIB |

U.K. retail sales volumes partly bounced for May, with a rise of 12%, compared to record falls, but sales were stll 13.1% lower than February, before the impact of the coronavirus (COVID-19) pandemic, the Office for National Statistics said Friday. Non-food stores provided the largest contribution to growth, up 24.3%, and with a rise of 42% in household goods stores. The proportion spent online reached the highest proportion on record in May 2020 at 33.4%, versus 30.8% reported in April 2020. Separately, data showed U.K. consumer confidence increase to its highest level since March, at...

U.S. Initial Jobless Claims Worse Than Forecast at 1.51 Million
Thursday, 18 June 2020 20:22 WIB | Ekonomi AS US Jobless Claims

Applications for unemployment benefits in the U.S. fell less than forecast last week, showing only gradual improvement from the worst of the pandemic-related layoffs even as states re-open more of their economies. Initial jobless claims for regular state programs totaled 1.51 million in the week ended June 13, down slightly from an upwardly revised 1.57 million in the prior week, Labor Department figures showed Thursday. The 58,000 weekly drop was the smallest since claims began to retreat in early April. The median estimate in a Bloomberg survey of economists called for 1.29...

Unemployment Rate rises to 7.1%, loses 227.7K jobs in May, Aussie falls further
Thursday, 18 June 2020 08:55 WIB | Ekonomi Australia

Australia's Unemployment Rate rose to 7.1% in May, as the economy lost a whopping 227,700 jobs, the latest data published by the Australia Bureau of Statistics (ABS) showed this Thursday. The markets were expecting a job deduction of 125,000.  The economy saw a whopping 594.3K job loss in April. Meanwhile, full-time jobs came in at -89.1K in May vs. -220.5K seen in April. The part-time employment fell 138.6K versus -373.8K last. The participation rate dropped to 62.9% in the reported month versus 63.7% expected and 63.5% previous. The below-forecasts Australian jobs data combined with...

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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,"...