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Analytical company IHS Markit has surveyed the leaders of British construction companies, the results of the survey indicated the most significant decline in business activity in the sector in 10 years. The corresponding index, calculated by IHS Markit, fell in June to 43.1 points from the May value of 48.6 points. The decline in the index was a surprise for economists, who had predicted its growth to 49.2 points. Over the past 5 months, the June decline is already the fourth in a row. The volume of construction of commercial real estate shows a decline over the past six months. And in housing construction last month, the largest decline in 3 years was noted. Construction activity also showed a sharp decline. In June, construction companies had no need to increase the labor force, and their production costs increased at the slowest pace since May 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 ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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 ...
Australian retail sales advanced 2.4% in June. This came as an upbeat figure following a 16.5% increase seen in May as the land down under resumed its economic operations from coronavirus-related lockdowns. The country’s retail sales ...
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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