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Orders for capital goods in the US, excluding aircraft, declined in May by 0.2% after growing by 2.3% in April, the Ministry of Commerce said. Economists had expected growth of 0.5%. In annual terms, the volume of basic orders for capital goods increased by 6.8%. In May, it was also recorded a decrease in supplies of major capital goods by 0.1% compared to an increase of 1% in April. Orders for electrical equipment, household appliances and components fell by 1.5%, showing the fastest pace in six months, after rising by 2.1% a month earlier. Decrease in orders for computers and electronic products was 0.1%, for processed metals - 1.2%. General orders for durable goods fell in May by 0.6% after falling by 1% in April.
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Asian shares fell on Thursday as the U.S.-China tensions overshadowed hopes for more economic stimulus after Washington ordered the closure of Beijing’s consulate in Houston amid spying allegations. China called the order an “unprecedented ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
Taiwan's exports for June has been forecasted to have dropped by 3% in contrast to a year earlier, according to a median forecast of 13 analysts polled by Reuters. The results are based on the uncertainties of the COVID-19 pandemic as it continues ...
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