Construction in the Eurozone contracted in February to mark a full-year decline amid the COVID-19 pandemic, according to the latest data compiled by IHS Markit. The Eurozone Construction Total Activity Index rose to 45.0 in February from 44.1 in January. The headline figure tracks changes in total volume month-on-month.The decline marked the twelfth straight monthly fall in … [Read more...] about Eurozone Construction Activity Contracts for 12th Straight Month
Forex News
U.K. Construction Activity Back to Growth in February
Construction activity in the United Kingdom expanded in February after a setback at the start of the year, according to the latest data compiled by IHS Markit. The headline seasonally adjusted UK Construction Total Activity posted 53.3 last month, up from 49.2 in January. It is also above the 50.0 no-change mark.Residential work remained the strongest area of growth, even as … [Read more...] about U.K. Construction Activity Back to Growth in February
US Private Payrolls Disappoint in February
Companies added less positions than expected in February, according to a report of the ADP National Employment released Wednesday. Private payrolls grew 117,000 for the month, below the 225,000 forecasted in a Dow Jones poll. It is also lower than the upward revised 195,000 jobs in January.Services drove the net job growth. Trade, transportation, and utilities generated … [Read more...] about US Private Payrolls Disappoint in February
U.K. Business Activity Nears Stabilization in February
Business activity in the United Kingdom improved in February to indicate a degree of stability, according to a report by IHS Markit. UK Services PMI Business Activity registered 49.5 in February versus eight-month low of 39.5 in January.The index fell below the 50.0 no-change threshold every month since November 2020 but the decline in service sector output slowed in … [Read more...] about U.K. Business Activity Nears Stabilization in February
U.S Seen to Open 2021 with 10% Economic Growth
The United States’ economy could grow 10% in the first quarter of 2021 after positive data drove estimates higher, according to the forecasting model of the Federal Reserve Bank of Atlanta. GDPNow model estimate for real GDP growth has been upped from the 8.8% forecast on February 26.The upgrades follow the release of the Manufacturing ISM Report on Business from the … [Read more...] about U.S Seen to Open 2021 with 10% Economic Growth
