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The euro area manufacturing PMI fell to 50.5 from 51.4 in December 2018. Eurozone business activity is in stagnation, IHS Markit reports. The decline of the index is been marked for the sixth consecutive month. Its value has decreased to a minimum since November 2014 level. An indicator below 50 points indicates a decline in economic activity, and above 50 points - growth. Countries other than Germany and Italy, are in the positive zone for now. In Germany, the decline was recorded for the first time in 4 years, in Italy it is gaining momentum. The consumer goods sector continues to grow steadily. The investment goods industry is experiencing a deteriorating business environment for the first time in 5.5 years. The reduction in new orders placed in the eurozone was the sharpest since April 2013. Stocks of finished products have risen for the 4th consecutive month to a 20-year-high. Inflation grew faster than average production costs. The eurozone economy grew by 1.8% in 2018.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
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 Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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