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IHS Markit showed preliminary data on the composite business activity index in the eurozone in December. The corresponding index was 51.3 points against 52.7 points in November, noting the minimum value since November 2014. In the service sector, the indicator fell to a minimum of more than 4 years level of 51.4 points. In November, it was at the level of 53.4 points. The manufacturing PMI of 51.4 points was the lowest in 34 months, down from the November value of 51.8 points. Chris Williamson, chief economist at IHS Markit, noted the negative impact of the protests of the “yellow vests” in France and the slowdown in economic growth in the region. The growth of new orders showed minimal rates since December 2014, a decrease in export orders was observed for the third month in a row. As a result, job growth has slowed to a minimum of 2 years.
June had seen Japan’s industrial output breaking its four-month slump. The recuperation could be attributed to a modest recovery seen in broader business and consumer activity after the world’s third-biggest economy suffered from ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
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 ...
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