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Markit Economics has published preliminary data on the level of business activity in the industry and services of the eurozone in April. The composite PMI for this month was 51.3 points, down from March's value of 51.6 points. The service sector index dropped to 52.5 points from 53.3 points while the experts had predicted a decline to 53.2 points. In industry, the index rose to 47.8 points from 47.5 points. Economists estimate that its value was expected at the level of 47.9 points. Preliminary data also indicated that Germany’s composite PMI in April was at 52.1 points, up from 51.4 points in March. In France, the composite index of business activity also showed an increase, having increased from March value of 49.1 points to 50.5 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 ...
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