The services sector continued to expand for the 11th straight month in April albeit on a slower pace than the previous month, the Institute for Supply Management (ISM) reported. The Services PMI was recorded at 62.7% in March, lower than February's all-time high of 63.7%. A reading above 50% indicates expansion while below 50% shows a contraction.Respondents say capacity is … [Read more...] about Services Sector Posts 11th Straight Month Of Growth In April
Forex News
Private Sector Job Growth Marks Seven-Month High In March
The United States private sector added 742,000 jobs in March to mark the highest growth in the last seven months, the ADP reported. The latest figure marks the fourth consecutive month of job generation, and is the highest since the 821,000 jobs added in August 2020. The service-providing sector drove the growth as it added 636,000 jobs as the economic activity resumed and … [Read more...] about Private Sector Job Growth Marks Seven-Month High In March
Corn Prices Climb 142% To Mark Highest In Eight Years
Prices of corn leaped to $7.56 per bushel as demand for the commodity continued to grow while stocks have fallen to multi-year lows. Data from the United States Department of Agriculture (DA) show that corn stocks in 2020-2021 hit a seven-year low of 1.352 bushels.In Brazil, weather conditions have continued to hurt yields with the total crop estimate lowered by nearly 8% … [Read more...] about Corn Prices Climb 142% To Mark Highest In Eight Years
The United States Could Have Added Over 1 Million Jobs In April, Economists Say
The United States could have added over a million jobs in April as more businesses reopened after COVID-19 lockdowns, economists were quoted by CNBC. Non-farm payrolls climbed 916,000 in March. Unemployment benefits have also declined to a pandemic low of 553,000 for the week ending April 24. Morgan Stanley economists expect the job growth at 1.25 million, coming … [Read more...] about The United States Could Have Added Over 1 Million Jobs In April, Economists Say
Manufacturing In World’s Second-Biggest Economy Slows
China's manufacturing output grew at a slower pace in April as the economic recovery has started to moderate, according to Bloomberg. Manufacturing purchasing managers' index (PMI) declined to 51.1 in April from March's 51.9. This fell short of economists' forecast of 51.8. A reading above 50 indicates expansion while below that indicates a contraction.The … [Read more...] about Manufacturing In World’s Second-Biggest Economy Slows
