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Author Archives: Top News Editor

Eurozone GDP Growth Exceeds Initial Estimate In Q2

The euro area recovered at a faster-than-estimated pace in the second quarter from the Covid-driven downturn, revised data from Eurostat showed on Tuesday. Gross domestic product grew 2.2 percent sequentially in the second quarter, bigger than the initial estimate of ...

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German ZEW Economic Confidence Continues To Fall

German economic confidence weakened for the fourth consecutive month in September as the global chip shortage as well as short supply of construction materials weighed on profit expectations, survey results from the ZEW – Leibniz Centre for European Economic Research ...

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China Exports & Imports Log Sharp Growth

China’s exports and imports logged sharp growth in August despite COVID-related port closures, official data showed on Tuesday. Data released by the General Administration of Customs revealed that exports advanced 25.6 percent year-on-year in August, bigger than the economists’ forecast ...

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Germany Factory Orders Expand Unexpectedly

Germany’s factory orders expanded unexpectedly in July driven by the robust demand from non-euro area economies, data from Destatis revealed on Monday. Factory orders grew 3.4 percent on a monthly basis, confounding expectations for a decline of 1 percent. However, ...

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U.S. Job Growth Slows Dramatically In August

U.S. job growth fell well short of economic estimates in the month of August, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment rose by 235,000 jobs in August ...

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Eurozone Private Sector Growth Moderates In August

Eurozone private sector logged another robust growth in August but the momentum faded slightly from July’s 15-year peak, final data from IHS Markit showed on Friday. The final composite output index fell to 59.0 in August from 60.2 in July, ...

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China Service Sector Signals Renewed Fall In Activity

China’s service sector signaled a renewed fall in business activity in August as rising coronavirus infection at home and abroad weighed on operations and demand, survey results from IHS Markit showed on Friday. The Caixin services Purchasing Managers’ Index fell ...

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