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 provide any meaningful impetus to the GBP/USD pair. Source : FXstreet

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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 publication revealed that the Unemployment Rate fell to 11.1% from 13.3% in May and the Labor...

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 increase of 3 million. Commenting on the data, ''Small business hiring picked up in the month of...

China factory activity expanded at a faster pace in June, beating expectations, as the economy continues to recover after the government lifted strict lockdowns and ramped up investment, but weak global demand is likely to be a drag on growth. The official manufacturing Purchasing Managers Index (PMI) rose to a three-month high of 50.9 in June from 50.6 in May, above the 50-point mark that...

The number of Americans seeking unemployment benefits was higher than forecast for a second straight week, adding to signs that the recovery is cooling amid a pickup in coronavirus cases. Initial jobless claims in regular state programs fell to 1.48 million last week from an upwardly revised 1.54 million in the prior week, Labor Department data showed Thursday. Continuing claims,...

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 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...

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...

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,...

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...
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...
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...
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...

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