Durable-Goods Orders Drop 1.3% in May, But Business Investment Picks Up In Reassuring Sign
Wednesday, 26 June 2019 19:48 WIB |
ECONOMY |Ekonomi AS
Orders for U.S. durable goods fell in May for the third time in four months, held down by a canceled deal for Boeing™s troubled 737 Max jet. Yet business investment perked up in a somewhat reassuring sign that companies haven™t frozen spending amid a tense trade fight with China and signs of a slower U.S. economy.
Orders for long-lasting goods slid 1.3% last month, the government said Wednesday. Economists polled by MarketWatch had forecast a 1% decline. Orders in April were also weaker than initially reported.
Yet if cars and planes are stripped out, orders actually rose 0.3% in April to break a string of three declines in a row. Transportation often exaggerates the ups and downs in orders because of lumpy demand from one month to the next.
Source : Market Watch
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 1.3...
Monday, 6 July 2020 21:14 WIB
A gauge of U.S. service industries jumped to a four-month high in June and showed the resumption of growth as the economy reopened more broadly from pandemic-induced lockdowns.
The Institute for Supply Management said Monday that its non-manufacturing index soared a record 11.7 points to ...
Friday, 3 July 2020 15:57 WIB
The headline seasonally adjusted final IHS Markit/CIPS UK Services PMI Business Activity Index posted 47.1 in June, up sharply from 29.0 in May and the highest for four months. This compared with the earlier 'flash' figure of 47.0 in June.
The data did little to influence the British pound or provi...
Thursday, 2 July 2020 19:50 WIB
Nonfarm Payrolls (NFP) in the US increased by 4,800,000 in June, the data published by the US Bureau of Labor Statistics showed on Thursday. This reading followed May's increase of 2,699,000 (revised from 2,509,000) and came in better than the market expectation of 3,000,000.
Further details of the...
Wednesday, 1 July 2020 19:33 WIB
Employment in the US' private sector rose by 2,369,000 in June, the monthly data published by the Automatic Data Processing (ADP) Research Institue revealed on Wednesday.
This reading followed May's decline of 3,065,000 (revised from -2,760,000) and came in worse than the market expectation for an ...