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In March, the composite PMI in the euro area, according to preliminary data from IHS Markit, dropped to 51.3 points from the February level of 51.9 points. The slowdown in business growth in the eurozone is mainly caused by a sharp decline in the manufacturing sector in Germany. The index in the manufacturing sector was 47.6 points against 49.3 points in February, noting a fall for two months in a row. At the same time, the services sector showed a slight decrease in PMI - from 52.8 points to 52.7 points. Experts expect in the second quarter the continuation of the growth weakening in business activity. Preliminary data for Germany showed a drop in the composite PMI index to a minimum in almost 9 years - to 51.5 points against 52.8 points a month earlier. The index in the manufacturing sector showed a record drop to 44.7 points from 47.6 points. In the service sector, a decrease to 54.9 points from 55.3 points was recorded. The composite index in France dropped to 48.7 points from 50.4 points.
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
Financial markets saw record heights earlier on Friday, with the Euro continuing its 21-month gain streak and gold prices hitting its highest level amid a weakened Dollar. The Euro soared above the Dollar by 1.7%, trading at $1.1616 for the ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The Dollar fell on Tuesday, with the Euro and the British Pound Sterling gaining strength on the back of news that European Union leaders have agreed to roll out additional recovery funds in the region. New hopes for a potential COVID-19 vaccine ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
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