Industry

Saudi Non-Oil Private Sector Shrinks Again in May, while UAE Surprises with Growth

The slowdown in global economy continues to take a toll on oil rich economies in the Middle-East. According to IHS…

4 years ago

France Manufacturing Sector Records Fastest Growth Since February 2018

Following the release of positive economic data, the euro dollar rose against the greenback to trade at 1.1259 at the…

4 years ago

Vietnam Retail Sales Grew For the First Time Since February

In the second-quarter of 2020, Vietnam’s GDP grew at the slowest rate in several years due to the negative impact…

4 years ago

US Personal Income Drops Most in More than 7 Years, While Mexican Economy Contracts 19.9% in April

Mexico’s economy contracted 19.9% y-o-y in April, after shrinking 2.3% in March, but better-than-economists anticipations of a 21.1% decline. It…

4 years ago

IMF Says Global Economic Recovery to Pre-Covid-19 Levels Will Take 2-Years

In the US, the average cost of single-family houses whose mortgage is guaranteed by Fannie Mae and Freddie Mac rose…

4 years ago

British Pound Rebounds From Three Week Low

The pound sterling gained 0.6% against the greenback to trade at 1.2430 after declining to a three month low of…

4 years ago

US Current Account Deficit Narrows to Lowest Level in Two Years

The dollar index rose to 97.60 versus a bouquet of currencies Friday, near to levels never seen since early June…

4 years ago

US Building Permits Miss Forecasts, Permits Rebound

In the US, building permits increased 14.4% m-o-m to a seasonally adjusted yearly rate of 1.220 million units in May,…

4 years ago

China Retail Trade Declines 2.8% y-o-y in May

China’s retail trade fell by 2.8% y-o-y in May, compared with economists’ estimates of a 2% decline and following a…

4 years ago

UK Economy Contracts at Record Pace in April

The UK’s manufacturing production plummeted at record 28.5% y-o-y in April, following a 9.7% decline in March and worse than…

4 years ago