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The index of the Federal Reserve Bank of Dallas, which determines the level of business activity of producers in the US state of Texas, amounted to 17.6 points in November, having decreased from the October value of 29.4 points. Such a sharp drop was unexpected for experts who had predicted a decrease in the index to only 25 points. According to the FBI Dallas, the index indicating the dynamics of new orders fell in November to 9.7% against 18.9 points a month earlier. The index of outstanding orders of 4.5 points was also below the October value of 5.9 points. Significant drop was also shown by indicators of capacity utilization, purchase prices for raw materials and prices for final products.
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