Global Economic News


eurozonepmi nov23 03jul20 Eurozone private sector activity rebounded in June, as businesses reopened despite challenging economic conditions posed by the coronavirus pandemic, final data from IHS Markit showed Friday. The final composite output index climbed to 48.5 in June from 31.9 in the previous month. The flash score was 47.5. Both manufacturing output and service sector activity continued to fall in June.

uk dec18 03jul20 The pace of deterioration in the UK service sector slowed sharply in June, as more businesses reopened and started operating after meeting the social distancing requirements meant to fight the coronavirus, or Covid-19, pandemic. The final CIPS UK services Purchasing Managers' Index, or PMI, climbed...

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,...

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

previewimage aug03 03jul20 Final composite Purchasing Managers' survey data from euro area is due on Friday, headlining a busy day for the European economic news. At 3.00 am ET, consumer and producer prices figures are due from Turkey. Inflation is expected to rise to 12.09 percent in June from 11.39 percent in May.

factory orders2 070220 New orders for U.S. manufactured goods showed a substantial rebound in the month of May, according to a report released by the Commerce Department on Thursday. The Commerce Department said factory orders spiked by 8.0 percent in May after plunging by a revised 13.5 percent in April.

trade deficit 070220 With the value of exports falling by much more than the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of May. The Commerce Department said the trade deficit widened to $54.6 billion in May from a revised $49.8 billion in April.

unemploymentrate 070220 After reporting an unexpected jump in employment in the U.S. in the previous month, the Labor Department released a report on Thursday showing another record spike in employment in the month of June. The report said non-farm payroll employment skyrocketed by 4.8 million jobs in June after soaring by an upwardly revised 2.7 million jobs in May.

jobless claims2 070220 A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by much less than expected in the week ended June 27th. The Labor Department said initial jobless claims dropped to 1.427 million, a decrease of 55,000 from the previous week's revised level of 1.482 million.

eurozone 112819 02jul20 Despite a deep recession, the euro area jobless rate rose only marginally in May as the short-time work programs of member countries to support jobs amid the downturn caused by the coronavirus pandemic suppressed actual unemployment. The unemployment rate climbed to 7.4 percent in May from 7.3 percent in April, data released by Eurostat showed Thursday. In the same period last year, the jobless r

preview oct12 01jul20 Unemployment data from euro area is due on Thursday, headlining a light day for the European economic news. At 3.00 am ET, Spain's unemployment data for June is due. The number of people out of work had increased 26,600 in May.

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...

eccles building 110818 01jul20 With interest rates expected to remain at near-zero levels for the foreseeable future, the minutes of the Federal Reserve's June meeting showed participants discussed new tools for conducting monetary policy. The minutes showed the meeting included briefings on the roles of forward guidance and large-scale asset purchase programs as well as implementing yield curve control.

construction spending 070120 Construction spending in the U.S. unexpectedly saw a continued decrease in the month of May, according to a report released by the Commerce Department on Wednesday. The Commerce Department said construction spending tumbled by 2.1 percent to an annual rate of $1.356 trillion in May after plunging by 3.5 percent to a revised rate of $1.386 trillion in April.

ism manufacturing 070120 After reporting contractions in U.S. manufacturing activity for three straights months, the Institute for Supply Management released a report on Wednesday showing activity unexpectedly expanded in the month of June. The ISM said its purchasing managers index jumped to 52.6 in June from 43.1 in May, with a reading above 50 indicating an expansion in manufacturing activity.

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