Source: ADP Private employment growth slipped to an eight-month low in April, driven by the decline recorded in small businesses. QQQ is down 0.88%, while SPY is down 0.26%. Private sector employment grew by 247,000 in April, lower than the 479,000 in March and 619,000 in the same month last year.The latest reading is the lowest increase in eight months since employment … [Read more...] about Private Sector Jobs Growth Decelerates to Eight-Month Low
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Eurozone Services Growth Jumps to Seven-Month High
Source: Markit Economics The services sector in the eurozone continued to climb in April, marking its best performance in seven months. EZU is down 0.25%, while VGK is down 0.53%. The S&P Global Eurozone PMI Composite Output Index stood at 55.8 in April, higher than the 54.9 in March. This is the highest since September 2021.The fastest growth was recorded in France … [Read more...] about Eurozone Services Growth Jumps to Seven-Month High
Retail Trade Volumes Edge Lower in the Euro Area and EU in March
Source: Eurostat The volume of retail sales in the euro area were down by 0.4% in March, while in the EU, the sales fell by 0.2%. DAX is up +0.10%, EURUSD is up +0.21%. The decline in retail sales in March is a downturn, after the volumes shot up by 0.4% and 0.3% in the euro area and EU, respectively, in February.Retail sales declined the most in the automotive fuel … [Read more...] about Retail Trade Volumes Edge Lower in the Euro Area and EU in March
US Job Openings Mark All-Time High as Hires Fall and Separations Increase
Source: Bureau of Labor Statistics Job openings in the United States extended the climb to carve a fresh all-time high in March, as hires declined while separations climbed. QQQ is up 0.25%, while SPY is up 0.82%. Total job openings stood at 11.549 million in March, the highest on record. This compares with 11.344 million in February and 8.480 million in March 2021.Bulk … [Read more...] about US Job Openings Mark All-Time High as Hires Fall and Separations Increase
US-Manufactured Goods Orders Post Slight Decline in February
Source: US Census Bureau Orders for manufactured goods made in the United States declined in February, following nine straight months of growth. QQQ is up 0.32%, while SPY is up 0.94%. New orders for the month stood at $542.0 billion in February, down by $2.7 billion or 0.5%.The latest figure follows the $544.7 billion orders recorded in January when it climbed by … [Read more...] about US-Manufactured Goods Orders Post Slight Decline in February
