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In May, the eurozone manufacturing sector recorded a decline in business activity for the 4th consecutive month. According to IHS Markit, PMI's purchasing managers' index was 47.7 points against 47.9 points in April. The decrease in activity is indicated by the index value below 50 points, which is caused by the weakening of demand both in the domestic and foreign markets. In the sector, new orders have been declining for the past eight months. New export orders continued to decline last month, although their rates of decline slowed somewhat. The decline in production has been observed for four months in a row. The number of jobs declined for the first time after continuous growth for 56 months. The reduction in the number of personnel was demonstrated by companies in Germany and Spain. Purchase prices rose at the lowest rate since August 2016.
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 ...
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 ...
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 ...
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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