Monthly archive May, 2020

A report released by the Labor Department on Thursday showed a continued decrease in first-time claims for U.S. unemployment benefits in the week ended May 23rd. The Labor Department said initial jobless claims dropped to 2.123 million, a decrease of Read More →

New orders for U.S. manufactured durable goods showed a substantial decrease in the month of April, according to a report released by the Commerce Department on Thursday. The report said durable goods orders plunged by 17.2 percent in April Read More →

Pending home sales in the U.S. plunged by more than expected in the month of April, the National Association of Realtors revealed in a report on Thursday. NAR said its pending home sales index plummeted by 21.8 percent to 69.0 Read More →

Singapore's economic outlook for 2020 was lowered further due to the deterioration in foreign demand forecast and the expected economic impact of the coronavirus containment measures. The Ministry of Trade and Industry on Tuesday forecast the city-state economy to shrink Read More →

The total value of construction work done in Australia declined a seasonally adjusted 1.0 percent on quarter in the first quarter of 2020 - standing at A$49.481 billion.Original Article Read More →

The European Central Bank President Christine Lagarde said the euro area economy is likely to contract as much as 12 percent in 2020 as member countries struggle to emerge from the coronavirus pandemic. On a live webinar, Lagarde said on Read More →