logo

Asian Economic News

Share

India's service sector contracted at a sharper pace due to the economic disruption caused by Covid-19 pandemic, survey results from IHS Markit showed on Friday. The services Purchasing Managers' Index rose to 33.7 in June from 12.6 in May. The reading has remained below 50 neutral mark for the fourth...

Japan's service sector contracted at a slower pace in June as some firms returned to business, final data from IHS Markit showed on Friday. The au Jibun Bank services Purchasing Managers' Index rose sharply to 45.0 in June from 26.5 in May. This was above the flash estimate of 42.3. Any reading...

singapore jan07 03jul20 Singapore's retail sales fell at a record pace in May due to the lockdown measures imposed to prevent the spread of the coronavirus, or Covid-19, pandemic, official data showed on Friday. Retail sales plummeted 52.1 percent year-on-year, which was the biggest fall since the series began in 1986,...

Australia's service sector grew for the first time in five months in June amid a further easing of Covid-19 restrictions, survey data from IHS Markit showed Friday. The Commonwealth Bank of Australia services Purchasing Managers' Index surged to 53.1 in June from 26.9 in May. The flash reading was...

chinapmi sept05 03jul20 China's service sector expanded at the fastest pace in more than a decade in June, driven by strong orders as measures related to the coronavirus pandemic were relaxed, survey data from IHS Markit showed Friday. The Caixin services Purchasing Managers' Index rose to 58.4 in June from 55.0 in May. The rate of expansion was the fastest since April 2010. A score above 50 indicates expansion in the s

Australia's retail sales increased more than estimated in May, final data from the Australian Bureau of Statistics showed on Friday. Retail sales grew 16.9 percent month-on-month in May, after a 17.7 percent drop in April. Retail sales for May was revised up from 16.3 percent. "The gradual easing...

China's service sector expanded strongly in June on improving market conditions following the easing of coronavirus related measures, survey data from IHS Markit showed Friday. The Caixin services Purchasing Managers' Index rose to 58.4 in June from 55.0 in May. The rate of expansion was the fastest...

South Korea's consumer prices remained stable in June, figures from Statistics Korea showed on Thursday. The consumer price index remained unchanged year-on-year in June, after a 0.3 percent decrease in May. Economists had expected a 0.1 percent fall. Excluding food and energy, core consumer prices...

Australia trade surplus increased moderately in May as the decline in imports exceeded the fall in exports, data published by the Australian Bureau of Statistics showed Thursday. The trade surplus increased to A$8.02 billion from A$7.83 billion in the previous month. Exports of goods and services...

Australia will on Thursday release May figures for imports, exports and trade balance, highlighting a light day for Asia-Pacific economic activity. In April, imports were down 10 percent on month and exports were down 11 percent on month for a trade surplus of A$8.8 billion. South Korea will see...

Japan's consumer confidence improved for the second straight month in June, data from the Cabinet Office showed on Wednesday. On a seasonally adjusted basis, the consumer confidence index increased to 28.4 in June from 24.0 in May. Among the four sub-indexes of the consumer confidence index, the...

India's manufacturing conditions weakened in June with regional lockdown extensions, but the pace of contraction slowed further, survey results from IHS Markit showed on Wednesday. The headline IHS Markit manufacturing Purchasing Managers' Index, or PMI, increased to 47.2 in June from 30.8 in May....

The manufacturing sector in China continued to expand in June, and at a faster rate, the latest survey from Caixin showed on Wednesday with a manufacturing PMI core of 51.2. That's up from 50.7 in May and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Individually,...

The manufacturing sector in Malaysia swung back to expansion in June, the latest survey from IHS Markit revealed on Wednesday with a manufacturing PMI score of 51.1. That's up from 42.7 in May, and it moves above the boom-or-bust line of 50 that separates expansion from contraction. Individually,...

The total number of building permits issued in Australia in May tumbled a seasonally adjusted 16.4 percent on month in May, the Australian Bureau of Statistics said on Wednesday - coming in at 12,736. That missed expectations for a decline of 10.0 percent following the 2.1 percent decline in April. Permits...

Follow RTT