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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The U.K. economy grew more strongly than previously estimated in the third quarter on the back of the dominant services sector, figures published Friday showed. Gross domestic product rose 0.4% instead of 0.3%, the Office for National Statistics said. Economists had expected growth to remain unrevised. It means the economy easily avoided a recession after a hangover from Brexit stock building...

British shoppers kept a tight grip on their wallets last month as retail sales grew at their slowest annual pace since April 2018 amid uncertainty about Brexit and December's election. Thursday's figures from the Office for National Statistics were collected before Black Friday sales promotions, but the ONS said it was confident the slowdown in year-on-year sales growth to 1.0% in November from...

Australian unemployment unexpectedly declined in November as the labor market persisted in defying slower economic growth, validating the central banks decision to pause interest rate reductions. Employment jumped 39,900 last month, compared with economists estimatesof a 15,000 gain, data from the Australian Bureau of Statistics showed Thursday. The jobless rate fell to 5.2% compared...

U.K. inflation held at its lowest rate in three years in November, providing ammunition for interest-rate doves as the Bank of England prepares to announce its final decision of the year. Consumer prices rose 1.5% from a year earlier, matching the smallest increase since November 2016, the Office for National Statistics said Wednesday. Economists had forecast a fall to 1.4%. The figures are...

Two surveys of U.S. manufacturers and service companies suggested U.S. economic growth is holding up at a modest pace at year's end, with the potential to pick up in 2020. The IHS Markit purchasing managers' index for factories was little changed in December at 52.5 after 52.6 the prior month, while a similar gauge for service industries rose to a five-month high of 52.2, according to...

The UK manufacturing sector activity dropped at the fastest pace since July 2012 in December, the preliminary report from IHS Markit showed this Monday. The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers Index (PMI) dropped to four-month lows of 47.4 in December versus 49.4 expected and 48.9 “ Novembers final reading. Meanwhile, the Flash UK Services Business...

Just when German factories appeared to be exiting a year-longslump that battered the countrys economy, the sectors contraction has worsened again. IHS Markits Purchasing Managers Index for manufacturing unexpectedly fell to 43.4 in December, defying economists estimates that the number would pick up. The weakness more than offset growth in the services sector,...

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," according to President Donald Trump. The U.S. president, speaking Friday to reporters in the Oval Office, described the agreement with Beijing as a "phenomenal deal." Officials of the two countries...

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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