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Tankan, the index of confidence of large companies in the processing industry of Japan to the economy of the country, in the first quarter of this year was 12 points, down from 19 points in the fourth quarter of last year. As shown by the Bank of Japan, this fall in the index was the most significant in 6 years. According to economists' forecasts, a lower decrease was expected - to 13 points. The survey showed that the plans of large companies for the 2019 fiscal year, which will end on March 31, 2020, suggest an increase in investment by only 1.2%, while according to the results of the past financial year, this figure increased by 13.9%. According to the respondents, their profits will decrease by 1.3%. The confidence index of large Japanese non-production companies in the first quarter was at the level of 21 points, having dropped from 24 points in the previous quarter. A significant decrease - from 14 points to 6 points - was also shown by an indicator determining the level of small business confidence in Japan.
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 ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
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 ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...
KYC Policy