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In April, a slowdown in business activity was recorded in the US services sector. According to the Institute for Supply Management ISM, processing the data of US companies representing 62 segments of the service sector, the corresponding index was 55.1 points, having decreased from the March value of 56.1 points. The decrease in the index to its lowest level since August 2017 came as a surprise to the experts, since they had expected it to rise to 57 points. The indicator, which determines the status of new orders of service companies, amounted to 58.1 points, dropping from 59 points in March. The employment rate fell to 53.7 points from 55.9 points. At the same time, the indicator characterizing entrepreneurial activity increased last month to 59.5 points from 57.4 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 ...
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 ...
KYC Policy