Source: S&P Global Output in the eurozone declined to the lowest level in four months in May, as it was held back by the weak expansion of the services sector. EZU is down 0.95%, while VGK is down 1.05%. The Final Eurozone Composite Output Index stood at 54.8 in May, down from 55.8 in April. This is the slowest growth since January.The Final Eurozone Services Business … [Read more...] about Eurozone Output Falls to Four-Month Low as Post-Lockdown Recovery Fades
Forex News
Eurozone, EU Retail Trade Volumes Contract in April
Source: Eurostat Retail trade volumes in both the eurozone and the European Union posted a monthly decline in April, led mainly by food, drinks, and tobacco. EZU is down 1.09%, while VGK is up 0.43%. Total retail trade in the eurozone declined by 1.3% from the previous month, following the 0.3% growth in March.The biggest drop was recorded in food, drinks, and tobacco … [Read more...] about Eurozone, EU Retail Trade Volumes Contract in April
US Unemployment Claims Fall for Second Straight Week
Source US Labor Department Jobless claims in the United States continued to drop in the past week, marking the lowest level in the last three weeks. DXY is down 0.57%, while Gold is up 1.11%. Seasonally adjusted initial claims for the week ending May 21 stood at 200,000, 11,000 lower than the previous week’s upward revised 211,000.The four-week moving average was recorded … [Read more...] about US Unemployment Claims Fall for Second Straight Week
Business Productivity Falls as Output Drops and Hours Worked Jumps
Source: US Bureau of Labor Statistics The US nonfarm business sector opened the year with lower productivity, as output fell while hours worked increased. QQQ is up 0.20%, while SPY is down 0.20%. First-quarter nonfarm business labor productivity fell by 7.3% from the previous quarter and by 0.6% from the same quarter last year.Output posted a quarterly decline of 2.3% … [Read more...] about Business Productivity Falls as Output Drops and Hours Worked Jumps
Nonfarm Private Payroll Growth Slows for Third Straight Month
Source: Always Designing for People The growth of private payrolls slowed in May, marking the third straight month of deceleration. QQQ is up 0.36%, while SPY is flat. Total US nonfarm private employment climbed by 128,000 in May, lower than the 202,000 in April and 811,000 in the same month last year.This is the third straight month of deceleration, after the … [Read more...] about Nonfarm Private Payroll Growth Slows for Third Straight Month
