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Friday, 22 May 2020 13:44 WIB

A nationwide lockdown due to the coronavirus outbreak triggered a record fall in U.K. retail sales in April, the Office for National Statistics reported Friday. The volume of sales fell 18.1% in April on the year, the biggest monthly drop on record, following a slide of 5.2% in March. All sectors saw a monthly decline in volume sales except for a record rise in sales for non-store retailing of 18% and a continued gain in sales for alcohol stores at 2.3%. The volume of clothing sales plunged by 50.2% compared to March, which had seen a 34.9% drop. The data also revealed the biggest amount...

RECENT NEWS
U.S. Consumer Confidence Edges Up to Six-Month High on Outlook
Tuesday, 25 February 2020 22:17 WIB | Ekonomi AS

U.S. consumer confidence edged up to the best level in six months on an improvement in expectations, signaling that solid employment and cheap fuel are helping Americans look past concerns about the spread of the coronavirus. The Conference Boards reading increased to 130.7 from a downwardly revised 130.4 in January, according to data from the New York-based group Tuesday that fell short of estimates in Bloombergs survey of economists. The economic expectations measure climbed to a seven-month high that helped offset a drop in the present situation gauge falling to the...

German Business Morale Rises in February, Unfazed by Coronavirus - Ifo
Monday, 24 February 2020 16:38 WIB | German Ifo Business Climate Ekonomi Jerman

German business morale rose unexpectedly in February, a survey showed on Monday, easing recession fears in Europes largest economy which has been losing momentum as its manufacturers struggle with falling exports. The Ifo institute said its business climate index rose to 96.1 after an upwardly revised 96.0 in January. The February reading compared with a Reuters consensus forecast for a fall to 95.3. œThe German economy seems unaffected by developments surrounding the coronavirus, Ifo President Clemens Fuest said in a statement, sticking to a first-quarter growth forecast of...

U.S. Business Gauge Posts First Contraction Since 2013 on Virus
Friday, 21 February 2020 21:54 WIB | PMI AS Ekonomi AS

U.S. business activity shrank in February for the first time since 2013 as the coronavirus hit supply chains and made firms hesitant to place orders, a warning sign that the outbreak is starting to dent the worlds largest economy. The IHS Markit purchasing managers index measuring composite output at factories and service providers fell by 3.7 points to 49.6, the lowest level since October 2013, when the U.S. government shut down, according to preliminary figures released Friday. Readings below 50 indicate contraction. Its the first major piece of U.S....

U.K. Economy Is Picking Up Despite Coronavirus Concerns
Friday, 21 February 2020 16:42 WIB | PMI U.K.

The U.K. economy continued a run of better-than-expected growth in February, more evidence of a rebound after fourth-quarter stagnation. While the expansion continued apace, there were also signs of a hit to supply chains from coronavirus, according to IHS Markit's flash purchasing managers index. The virus's outbreak weighed on manufacturers' input stocks, which fell at the fastest pace in more than seven years. Some orders from clients in Asia were canceled and extended shutdowns in China proved a headwind. Nevertheless, manufacturing output grew the fastest in 10 months, offsetting a...

German Economy Faces Coronavirus Hit as Export Orders Sink
Friday, 21 February 2020 15:45 WIB | Ekonomi Jerman

Germany's economy is facing renewed pressure from beyond its borders as export orders plunge and manufacturers worry about the impact of the coronavirus outbreak on their supply chains. The latest purchasing managers index from IHS Markit shows industry still in a contraction, and expectations for output over the next 12 months dropping. Overall economic momentum was broadly unchanged from January, signaling that domestic demand remains in reasonable shape. Services still slowed though, in part due to weaker tourist numbers. The report illustrates the uncertain outlook for growth in the...

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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,"...