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The survey by IHS Markit showed business growth in January and an increase in production in services. Production grew at a maximum rate in 8 months. Business activity in January increased at a steady pace, but the growth rate fell to a minimum in 4 months. Business expectations have improved slightly, contributing to employers' careful strategies in hiring employees. At the same time, wages grew at the lowest pace since April 2017. The reduction of inflation and the cost of inputs was a positive event in January. Production expanded the fastest since May 2018, which led to improved business conditions. The data collected by IHS Markit showed strong domestic demand, which offset the growth in export sales. Manufacturers have shown maximum confidence in the prospects of business for the first time since May 2018.
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 ...
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 ...
China’s factory activity grew stronger in June backed by optimism for a quick economic recovery globally. However, struggling export orders indicated that the virus-driven disruptions will continue to cap economic growth longer than ...
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