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In April, business activity in the eurozone grew at the lowest pace in the last 3 months. Research company IHS Markit reported that the corresponding index calculated by its specialists was 51.6 points, rising from 51.5 points in March. Nevertheless, the eurozone consolidated PMI was better than the preliminary estimate of 51.3 points. This was facilitated by increased growth in new orders. At the same time, the service sector demonstrated a slowdown in the growth of activity to 52.8 points from 53.3 points, and the manufacturing sector noted a decrease in business activity for three months in a row. The number of jobs in the private sector continued to grow last month, mainly due to a rise in Germany, Ireland and Spain. The increase in labor costs has led to an increase in operating expenses. The study showed that the level of trust in the service sector was significantly higher than in the manufacturing sector.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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 ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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 ...
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