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The index of supply managers for the construction sector in Germany rose in May to a maximum of four months to 53.9 points from 50.9 points in April, a survey of IHS Markit showed. The sector continued to recover from a recession due to weather conditions. In May, the highest growth rates of both residential and commercial construction were recorded, while in the sphere of civil construction there was a decline in activity. Against the backdrop of growth in new orders, construction companies continued to increase employment. However, due to difficulties in finding qualified personnel, the pace of job creation has dropped to a 15-month low.
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
The Dollar traded lower earlier on Thursday in European markets after new hope of an economic recovery in Europe bolstered sentiment. The Dollar index fell by 0.1% to 954.808 at 3:10 AM ET (0710 GMT), gaining only slightly from the four-month ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
Taiwan's exports for June has been forecasted to have dropped by 3% in contrast to a year earlier, according to a median forecast of 13 analysts polled by Reuters. The results are based on the uncertainties of the COVID-19 pandemic as it continues ...
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