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The Institute for Supply Management reported the most significant growth in the US services sector since November 2018. In February, the corresponding index was 59.7 points, rising from 56.7 points in January. Its February value was significantly higher than economists' forecast of 57.2 points. The index exceeds 50 points for 109 months. The indicator characterizing the state of new orders rose to 65.2 points from 57.7 points. New export orders also showed an increase. The corresponding indicator rose to 55 points from 50.5 points. At the same time, the indicator determining the level of imports dropped to 48.5 points, which is the minimum value since 2017. The indicator of entrepreneurial activity was 64.7 points, having increased by 5 points.
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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