#purchasing managers

Escalating new COVID-19 cases pose further downside risk to economy: IHS

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NEW DELHI: With the protracted lockdown pushing the Indian economy into deep recession in the current fiscal, the escalating new COVID-19 cases after easing of restrictions poses further downside risks to the economic outlook, IHS Markit said on Friday.

A national lockdown began on March 25 and has continued in various phases into the month of June, albeit with significant easing of…

Global markets brush off ugly data, pin hopes on stimulus

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LONDON: World stocks inched up on Thursday on hopes for a massive joint stimulus fund to support the European Union during the coronavirus crisis and on an ongoing rebound in oil prices, while investors brushed off a slew of awful economic data.

European stocks and U.S. stock futures were trading marginally higher as an internal EU note showed the bloc’s commission was considering a plan…

Germany’s factory orders increased unexpectedly in October helped by demand from domestic market and non-euro area economies. New orders in manufacturing climbed 0.5 percent month-on-month in October, but slower than the revised 1.2 percent rise in September, figures from Destatis revealed Wednesday. Orders were forecast to fall 0.2 percent. For the third time in a row, order activity exceeded…

UK economic growth is set to remain steady but sluggish as squeezed real wages dampen household spending and Brexit uncertainty weigh on business investment, the Confederation of British Industry said in a report on Monday. Elsewhere, the results of the Purchasing Managers’ survey showed that construction output expanded the most in five months in November, driven by housing activity. According…

French unemployment increased slightly in October, data from the Labour Ministry revealed Friday. The number of registered unemployed rose 0.2 percent from the previous month to 3,483,600 in October. According to data published earlier by the statistical office, the jobless rate climbed to 9.7 percent in the third quarter from 9.5 percent in the second quarter. This was the highest since the…

German Factory Orders Grow Unexpectedly In September

Germany’s factory orders increased unexpectedly in September driven by foreign demand, while domestic orders remained weak. Factory orders grew 1 percent month-on-month in September, but slower than August’s revised 4.1 percent increase, data from Destatis revealed Monday. This was the second consecutive rise and came in contrast to the expected decrease of 1.1 percent. Excluding major orders in…

Eurozone Industrial Output Rises Most In 9 Months

Eurozone industrial output expanded at the fastest pace in nine months in August, largely driven by production of capital goods. Industrial production grew by a more-than-expected 1.4 percent month-on-month in August, faster than the 0.3 percent rise seen in July, data from Eurostat showed Thursday. This was the biggest increase since November 2016, when output grew 1.6 percent. Economists had…

European Economics Preview: Eurozone Unemployment Data Due

Unemployment and flash Purchasing Managers’ survey from euro area are due on Monday, headlining a light day for the European economic news. At 3.00 am ET, Purchasing Managers’ survey data from Norway, Poland and Turkey are due. Also, Hungary’s final trade data for July is due. At 3.15 am ET, Spain’s manufacturing PMI is due for September. At 3.45 am ET, Markit releases Italy’s factory PMI data.…