The U.S. economy shed 701,000 jobs in the month to mid-March, the government said in a monthly labor market report that largely predates any impact from the Covid-19 pandemic on the U.S. economy. The figures, normally the most eagerly-awaited data of the month in global financial markets, have already been rendered largely meaningless by the unprecedented spike in jobless claims over the subsequent two weeks. Nearly 10 million Americans “ 6% of a total workforce of 164 million - have filed for unemployment benefit since the Bureau of Labor Statistics™ cut-off date of March 12. Analysts...

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German exports rose in December compared with November, according to official data, possibly offering some relief amid mounting concern about a slowdown in both the eurozone and its largest economy. The Federal Statistical Office said Friday that exports increased 1.5% from the month before while imports rose 1.2%, with both figures taking into account seasonal swings and calendar effects. The...

The economic outlook in the euro area looks like it might be going from bad to worse. The 19-nation region has had a poor start to 2019: disappointingly weak indicators keep rolling in, the list of one-off growth inhibitors is getting longer, and a slew of institutions are downgrading their forecasts. Now, the blocs executive sees œsubstantial risks -- a change in tone that goes beyond...

German manufacturing orders slumped in December, led by a sharp drop in orders from outside the eurozone. The Federal Statistical Office said Wednesday that total manufacturing orders declined 1.6% from November, while economists polled by The Wall Street Journal had expected a 0.3% rise. Commenting on the weak result, the economics ministry said "the dry spell in German industry" appears to...

U.S. service industries began 2019 on a softer note as a gauge of new orders dropped sharply in January to a one-year low, though a gain in employment signaled support for demand. The Institute for Supply Managements non-manufacturing index fell 1.3 points to 56.7, the lowest since July and below the 57.1 median estimate of economists, a report Tuesday showed. While the gauge...

Australia's consumption, as represented by retail sales, dropped sharply in the month of December, missing estimates, the Australian Bureau of Statistics (ABS) reported on Tuesday. The retail sales arrived at -0.4 percent month-on-month, compared to the forecast of -0.1 percent and down from previous month's reading of 0.4 percent. December Key Points (via ABS) Current Prices The trend...

A gauge of U.S. factories rose in January from a two-year low as measures of new orders and production snapped back following steep declines the prior month, indicating a more stable outlook for manufacturing at the start of 2019. The Institute for Supply Management index unexpectedly rose to 56.6, exceeding all economist estimates in Bloomberg's survey and rebounding after...

The U.S. gained 304,000 new jobs in January in another show of strength for the economy, though hiring at the end of 2018 wasn't nearly as robust as originally reported. Economists polled by MarketWatch had expected a gain of 172,000 nonfarm jobs. The unemployment rate edged up tp 4% from 3.9%. The Labor Department said the government shutdown had no "discernible" impact on net hiring, but it...

Australia's annual core inflation held below the lower end of the central bank's target, suggesting interest rates will remain on hold. Quarterly trimmed-mean inflation, the key core measure, rose 0.4% vs an estimated 0.4%; annual trimmed-mean advanced 1.8% vs a forecast 1.8% The consumer price index, or headline inflation, climbed 0.5% from the previous quarter vs estimate of 0.4%;...

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