Monthly archive March, 2020

Australia's economy expanded more than expected in the fourth quarter ahead of the spread of coronavirus, data from the Australian Bureau of Statistics revealed Wednesday. Gross domestic product climbed 0.5 percent sequentially after expanding by revised 0.6 percent in the Read More →

China's private sector contracted the most in February as company closures and travel restrictions were put in place due to the coronavirus outbreak, survey data from IHS Markit showed Wednesday. The Caixin composite output index dropped sharply to 27.5 in Read More →

The euro area private sector growth reached a six-month in February, as initially estimated, despite the outbreak of coronavirus, final survey data from IHS Markit showed Wednesday. The composite output index rose to 51.6 in February from 51.3 in January. Read More →

Private sector employment in the U.S. increased by more than expected in the month of February, according to a report released by payroll processor ADP on Wednesday, although the report also showed a notable downward revision to the substantial job Read More →

Global growth this year would be much lower than 2019 level as the coronavirus, or COVID-19, spreads to several countries hurting economic activity, International Monetary Fund Managing Director Kristalina Georgieva said Wednesday.Original Article Read More →

Partly reflecting a notable acceleration in the pace of growth in demand, the Institute for Supply Management released a report on Wednesday showing activity in the U.S. service sector unexpectedly grew at a faster rate in the month of February.Read More →