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The index of manufacturing activity in January exceeded analysts' forecasts, according to the Richmond Fed Survey. The index value rose to -2 points from -8 points last month. Experts had predicted growth to -6 points. The growth in employment and supply volumes caused an increase in the index in January. Indicators of the index of new and outstanding orders, however, declined in January of this year. The first indicator fell to -11 points, which corresponds to a record low since June 2016. The index of outstanding orders dropped to -21 points and reached its lowest level since May 2009. Employment and wages rose in January, but companies still lack staff. Purchase prices rose at a slower pace in January, however, in advance of the selling price growth. According to market expectations, the rise in prices was supposed to slow down at the beginning of the year.
Japan’s factory activity for June contracted for its 14th straight month amid sharp reductions in supply and demand, according to data from a business survey released on Wednesday. Japan is one of many export-reliant nations that have ...
The dollar firmed against the Japanese yen on Wednesday ahead of the release of U.S. manufacturing data expected to show a recovery from the pandemic. The euro traded in a narrow range as traders waited for data on Germany’s manufacturing ...
China’s factory activity grew stronger in June backed by optimism for a quick economic recovery globally. However, struggling export orders indicated that the virus-driven disruptions will continue to cap economic growth longer than ...
June had seen Japan’s manufacturing activity struggling at an 11-year low. This indicated that the novel coronavirus pandemic has greatly affected manufacturers even as services-sector confidence advanced. The au Jibun Bank Flash ...
For the first time since January, the services industry of China recorded its growth in May, signaling the start of economic recuperation from stagnation due to lockdown measures implemented amidst the outbreak of the coronavirus. However, ...
KYC Policy