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According to the final data of IHS Markit, the index of business activity of the manufacturing sector in the eurozone in March fell to its lowest level since April 2013, reaching 47.5 points. In February, its value was at 49.3 points. The weakening of business activity in the manufacturing sector has been observed for eight months in a row. The indicator that determines the change in the volume of production has also reached the lowest level in 6 years. Its value dropped to 47.2 points from 49.4 points. Experts believe that the sentiment in the business environment was influenced by the change in the European Central Bank's forecast for economic growth, as well as its intention to offer banks a new round of cheap loans to revive the economy. The rate of decline in new orders in March became the most significant over the past 6 years. Optimism about prospects for the next 12 months fell sharply.
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
The United States Labor Department reported on Thursday that jobless claims edged down to a near four-month low since last week, while 32.9 Million Americans collected unemployment benefits in the third week of June. The government agency ...
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