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Employment in the US’ private sector rose by 167,000 in July, the monthly data published by the Automatic Data Processing (ADP) Research Institue revealed on Wednesday. This reading came in much worse than the market expectation for an increase of 1.5 million.  Data for June was revised up to show …

The headline seasonally adjusted IHS Markit Canada Manufacturing Purchasing Managers’ Index (PMI) registered 52.9 in July, up from 47.8 in June. This is the first time for the index to pass the 50-point mark in five months, due to the impacts of the COVID-19 pandemic. An improving customer demand as …

Factory orders in the United States increased by 6.2% during June, data by the US Department of Commerce showed on Tuesday. The rise in factory orders last month came in higher that initially expected, largely thanks to an 86.2% rise in motor vehicle and parts orders. In addition, transportation equipment …

Manufacturing activity in the United States expanded during July, as shown by the Institute for Supply Management’s (ISM) data on Monday. The ISM industrial activity index registered 54.2 in July, compared with 52.6 in June. This is the best reading for the index since March 2019.

Construction spending in the United States declined in June to its lowest level in a year, as shown by the data of the U.S. Department of Commerce. Construction spending decreased by 0.7% to $1.355 trillion, May’s reading was revised from a 2.1% decline to 1.7%.

The United States economy saw its worst quarter on record, after the gross domestic product (GDP) contracted by around 33% during the second quarter (Q2) of 2020, due to the COVID-19 pandemic. Preliminary data by the US Department of Commerce showed that GDP declined by 32.9% on an annual basis. …

The President of the United States, Donald Trump, has suggested delaying the 2020 presidential elections, which is set to take place next November, due to the COVID-19 pandemic. Trump has called in a tweet on Thursday for delaying the elections “until people can properly, securely, and safely vote.” The US …

Germany’s gross domestic product (GDP) recorded its worst decline on record during the second quarter (Q2) of 2020, contracting by 10.1%, as shown by preliminary official data. Moreover, the German economy contracted by 11.7% on annual basis during Q2 of 2020. The COVID-19 crisis has negatively impacted Germany and much …

The German economy contracted in the second quarter of 2020 by 10.1% vs. -9.0% expected, it’s the biggest decline on record, as shown by preliminary data on Thursday. On a yearly basis, the German gross domestic product (GDP) contracted 11.7% vs. -10.9% decline expected by analysts, according to the German …

The seasonally adjusted unemployment rate in Germany came in at 6.4% in July vs. 6.5% expected. The figure is better than expected by analysts. Data released earlier beat expectations with the unemployment change falling by 18k in seasonally adjusted terms compared to estimates of an increase of 43k. The adjusted …