Economic Indicators1 hour ago (Jun 04, 2020 08:05PM ET) 2/2 (C) Reuters. FILE PHOTO: A shopper wearing a protective mask looks at shelves at a supermarket in Tokyo 2/2 By Leika Kihara TOKYO (Reuters) – Japan’s household spending suffered the biggest annual drop on record in April as lockdown measures […]
UK consumer confidence touches new decade low as COVID hits economy: GfK
Economic Indicators2 hours ago (Jun 04, 2020 07:20PM ET) (C) Reuters. People wear masks as they walk down Oxford Street in London LONDON (Reuters) – British consumer confidence in late May fell to its lowest level since the global financial crisis over a decade ago as people worried about a […]
UK retail sales dive 18% in May as lockdown bites: BDO
Economic Indicators2 hours ago (Jun 04, 2020 07:20PM ET) (C) Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Widnes LONDON (Reuters) – British retailers saw sales plunge by nearly a fifth in May as the government’s coronavirus lockdown measures kept shopping streets empty, a survey showed on Friday. […]
German government advisers cut 2020 economic forecast: Funke media
Economic Indicators2 hours ago (Jun 04, 2020 07:15PM ET) BERLIN (Reuters) – The German government’s panel of advisers expects Europe’s biggest economy to contract by 6-7% this year due to the coronavirus, a more pessimistic assessment than the group made in March, the group’s head told the Funke media group […]
Argentina industrial output crashes 33.5% in April on pandemic lockdown
Economic Indicators4 hours ago (Jun 04, 2020 05:35PM ET) 2/2 (C) Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19), in Buenos Aires 2/2 By Hugh Bronstein BUENOS AIRES (Reuters) – Argentina’s industrial output crashed 33.5% in April from the same month last year, the government’s statistics agency said on […]
Portugal economy to contract 6.9% this year, prime minister says
Economic Indicators5 hours ago (Jun 04, 2020 04:15PM ET) 2/2 (C) Reuters. FILE PHOTO: German Chancellor Merkel and Portugal’s PM Costa meet in Berlin 2/2 LISBON (Reuters) – Portugal’s economy will contract 6.9% this year and unemployment is likely to soar to 9.6% due to the impact of the coronavirus […]
Explainer: No one really knows how many Americans need unemployment benefits
2/2 (C) Reuters. FILE PHOTO: The spread of the coronavirus disease (COVID-19), in Fayetteville 2/2 By Jonnelle Marte (Reuters) – Another 1.9 million people filed for unemployment benefits for the first time last week, according to data released by the Labor Department on Thursday, marking 11 straight weeks in which […]
Brazil savings account deposits rise by record 37.2 bln reais in May: central bank
Economic Indicators6 hours ago (Jun 04, 2020 02:55PM ET) BRASILIA (Reuters) – Brazilian savings accounts grew by a record 37.2 billion ($7.3 billion) in May, central bank figures showed on Thursday, as the lockdown measures to tackle the coronavirus crisis curbed spending across the country. That was higher than April’s […]
India’s 2018/19 jobless rate declines to 5.8%: government report
Economic Indicators8 hours ago (Jun 04, 2020 01:35PM ET) By Manoj Kumar NEW DELHI (Reuters) – India’s unemployment rate during July 2018-June 2019 period declined to 5.8% from 6.1% during a year-earlier period, a government report released on Thursday said. Joblessness among the youth – those aged between 15-29 years […]
U.S. banks attract bargain hunters though hurdles to growth remain
(C) Reuters. FILE PHOTO: A woman passes by a Chase bank in Times Square in New York By Sinead Carew (Reuters) – Investors eyeing a turnaround in the U.S. economy are piling into U.S. bank stocks even as some caution that positive stress test results and an abatement of loan […]