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U.S. Manufacturing Activity Unexpectedly Expands In June

After reporting contractions in U.S. manufacturing activity for three straights months, the Institute for Supply Management released a report on Wednesday showing activity unexpectedly expanded in the month of June. The ISM said its purchasing managers index jumped to 52.6 ...

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German Unemployment Increases Less Than Expected

Despite the coronavirus pandemic weighing on the German economic activity, unemployment increased less than expected in June, helped by the short-time work program. Data from the Federal Employment Agency revealed that the number of unemployed persons rose by 69,000 in ...

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UK Manufacturing Sector Stabilizes In June

The UK manufacturing sector showed signs of stabilizing in June, following the steep downturn caused by the coronavirus, or Covid-19, pandemic, final data from IHS Markit showed Wednesday. The Chartered Institute of Procurement & Supply/ IHS Markit manufacturing Purchasing Managers’ ...

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Severe Downturn In Eurozone Manufacturing Eases

The severe downturn in the euro area manufacturing sector continued to ease in June amid easing of restrictions related to coronavirus pandemic, final survey data from IHS Markit showed Wednesday. The final factory Purchasing Managers’ Index rose to a four-month ...

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Sweden Central Bank Expands QE, Holds Rate

Sweden’s central bank expanded its quantitative easing and maintained interest rate at zero to support recovery and lift inflation as the coronavirus pandemic substantially hurt the economy. The executive board of Riksbank decided to extend the asset purchases programme to ...

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