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The purchasing managers' index in the construction sector in the UK increased to 52.5 points in April from 47 points a month earlier, the IHS Markit survey showed. The March value of the index was minimal for 20 months. In April, the construction sector stabilized, the April value of PMI was the highest since November 2017 and far exceeded the forecast of analysts at 50.5 points. The director of the CIPS group, Duncan Brock, noted improvements after the weather-induced failures in March. The most effective category of construction activity in April was the construction of housing. Improvements were also observed in commercial construction and civil engineering activities.
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 ...
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 ...
After a steep decline at the start of the year, China’s economy showed vast recovery in the second quarter despite still getting plagued with major economic debacles in weak domestic consumption and investment amid the unrelenting coronavirus ...
On Thursday, the international market had seen a plummet in the value of Asian shares and U.S. stock futures. It is seen to be caused by worries of a falling-out between the United States and China as well as the hit that global economies ...
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