Brazil’s service sector activity continued to decline in August, but at a slower pace, due to the severe impact of the coronavirus pandemic, survey data from IHS Markit showed on Friday. The IHS Markit Brazil Services Business Activity Index climbed to 49.6 from 42.5 in July. A reading below 50 suggests… [Read more…][1]
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Service sector activity in the U.S. saw continued growth in the month of August, according to a report released by the Institute for Supply Management on Thursday, although the pace of growth slowed modestly. [Read more…][3]
Greece’s economy fell into a record recession in the second quarter due to the restrictions imposed to contain the coonavirus pandemic, provisional data from the Hellenic Statistical Authority showed Thursday. Gross domestic product fell 14 percent sequentially in the second quarter, following a 0.7… [Read more…][4]
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Revised data released by the Labor Department on Thursday showed U.S. labor productivity soared by even more than initially estimated in the second quarter. The report said labor productivity skyrocketed by 10.1 percent in the second quarter compared to the previously reported 7.3 percent spike. [Read more…][6]
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With imports spiking by more than exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened by much more than expected in the month of July. The Commerce Department said the trade deficit expanded to $63.6 billion in July from a revised $53.5 billion in June. [Read more…][8]
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A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits tumbled by more than expected in the week ended August 29th. The Labor Department said initial jobless claims declined to 881,000, a decrease of 130,000 from the previous week’s revised level of 1.011 million. [Read more…][10]
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