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In February, business activity in the eurozone increased to a maximum of 3 months. According to the IHS Markit, the composite PMI was 51.9 points, up from 51 points in January. The preliminary assessment of the index was at the level of 52.3 points. The services sector showed an increase in the index to 52.8 points from 51.2 points, which also turned out to be higher than the preliminary estimate of 52.3 points. Strengthening business activity contributed to the reducing influence of the protest movement of “yellow vests” in France, as well as the adaptation of the automotive sector to new standards for emissions to the atmosphere. Nevertheless, growth in activity is constrained by a slowdown in global economic growth, ongoing trade disputes and the approaching Brexit. In February, the private sector in the eurozone showed an acceleration in employment growth. Business sentiment in the region grew at a maximum pace in 5 months.
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 ...
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 economy in the European Union will plunge deeper into recession for 2020 and may recover only slightly in 2021 than previously thought, the European Commission predicted on Tuesday. The downbeat assessment of Europe's economy comes as ...
Japan’s factory activity for June contracted for its 14th straight month amid sharp reductions in supply and demand, according to data from a business survey released on Wednesday. Japan is one of many export-reliant nations that have ...
Japanese manufacturers’ confidence dropped in the second quarter to levels not monitored since the global financial crisis of 2009. This highlighted the damage that the novel coronavirus crisis inflicted on the export-dependent economy. The ...
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