Category: Economy

Eurozone Private Sector Logs Record Fall In March

The euro area private sector logged its biggest monthly fall on record in March as the coronavirus disease, or covid-19, pandemic impacted heavily on economic activity, final data from IHS Markit showed Friday. The final composite output index fell sharply to 29.7 in March from 51.6 in February. This was also weaker than the flash […]

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Hungary Retail Sales Continue To Increase

Hungary’s retail sales grew at the fastest pace in February, figures from the Hungarian Central Statistical Office showed on Friday. Retail sales grew a calendar-adjusted 11.3 percent year-on-year in February, following a 7.6 percent increase in January. Sales of non-food products grew 10.7 percent and those of food, drinks and tobacco and automotive fuel increased […]

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Australia Auto Sales Decline In March: FCAI

Australia’s automobile sales declined in March amid COVID-19 outbreak, data published by the Federal Chamber of Automotive Industries, or FCAI, showed on Friday. Auto sales declined 17.9 percent year-on-year in March mainly due to the effects of coronavirus outbreak on the economy. The lobby said this was the 24th consecutive month of negative growth for […]

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China’s Service Sector Contracts Amid Covid-19 Pandemic

China’s services activity contracted in March, albeit at a slower pace, as the sector continued to face challenging conditions due to the ongoing impact of the coronavirus, or covid-19 outbreak, survey data from IHS Markit showed Friday. The Caixin services Purchasing Managers’ Index rose to 43.0 in March from a record low 26.5 in February. […]

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British supermarket Sainsbury’s to remove most customer purchasing limits

FILE PHOTO: People follow social distancing rules as they are seen queueing outside a Sainsbury’s store in Royal Wharf as the spread of the coronavirus disease (COVID-19) continues, in London, Britain, March 31, 2020. REUTERS/Steven Watt LONDON (Reuters) – British supermarket group Sainsbury’s (SBRY.L) said on Friday it would start to remove the customer purchasing […]

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Singapore Retail Sales Decrease In February

Singapore retail sales decline at the fastest pace in February, data from the Department of Statistics showed on Friday. Retail sales declined 8.6 percent year-on-year in February, following a 5.3 percent fall in January. Motor vehicle sales rose 1.3 percent annually in February, following a 33.6 percent fall in the previous month. Excluding motor vehicles, […]

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