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In the UK services sector, moderate growth was observed in February. According to IHS Markit, the purchasing managers index rose to 51.3 points from 50.1 points a month earlier. The February index value is the lowest since the fourth quarter of 2012. Experts did not expect it to change. Companies postponed corporate spending decisions due to political uncertainties regarding Brexit. For the same reason, European customers postponed the adoption of new projects. In February, British companies showed restraint in hiring staff. The rate of decline in employment last month was the most significant since November 2011. Rising commodity prices in annual terms slowed down to a minimum of nine months. At the same time, product prices rose at the weakest pace since September.
June had seen Philippine inflation advancing faster than what was initially thought. This followed after one of the world’s longest coronavirus lockdowns was lifted. Moreover, food, fuel prices, and the transport index were seen at higher ...
On Wednesday, McDonald’s Corp (MCD.N) said that it plans to pause the reopening of all dine-in services in its U.S. restaurants for the next 21 days as the coronavirus outbreak flares up in areas across the country. The fast-food chain ...
On Tuesday, European aviation company, Airbus (AIR.PA) said that it would delay its $10 billion worth of services business amid the coronavirus pandemic. However, the company would continue its strategic support for airline operations. “It ...
Great Britain’s automobile industry called on the government to provide additional measures such as sales tax reduction. This aims to lift the suffering sector as a third of automotive employees remain furloughed due to the novel coronavirus ...
The longest expansion in U.S. history ended in February with the economy falling into a deep recession as the coronavirus pandemic triggered the shutdown of businesses across the country. The National Bureau of Economic Research (NBER), the ...
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