FOREX TradingCharts.com

Financial News: Australia Service Sector Contracts At Record Pace

Australia Service Sector Contracts At Record Pace

05/05/2020 - 00:29:00 (RTTNews)

(RTTNews) - Australia's service sector contracted at a record pace in April as strict measures to contain the coronavirus disease outbreak impacted the activity, survey data from IHS Markit showed Tuesday.

The Commonwealth Bank of Australia Services Business Activity Index fell steeply to 19.5 in April from 38.5 in March.

A score below 50 indicates contraction. The reading indicated a decrease in activity unsurpassed in the four-year survey history.

At the same time, the composite output index plunged to 21.7 in April from 39.4 in March. The severe fall in services business activity led the overall downturn in Australia's private sector.

Manufacturing output also fell at a steep and record pace in April.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


ECB Slashes Eurozone Growth Forecasts, Sees 8.7% Contraction This Year (06 hr(s), 13 min(s), 38 sec(s) ago)
(RTTNews) - The European Central Bank slashed its growth and inflation projections for this year a ...Full Story»

U.S. Labor Productivity Decreases Much Less Than Initially Estimated In Q1 (06 hr(s), 17 min(s), 38 sec(s) ago)
(RTTNews) - Revised data released by the Labor Department on Thursday showed U.S. labor productivi ...Full Story»

U.S. Trade Deficit Widens More Than Expected To $49.4 Billion In April (06 hr(s), 35 min(s), 38 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Thursday showed the U.S. trade deficit ...Full Story»

U.S. Weekly Jobless Claims Drop Less Than Expected To 1.877 Million (06 hr(s), 58 min(s), 38 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits pulled back further off their recent ...Full Story»

ECB Boosts Emergency Asset Purchases Amid Economic Slump Due To Covid-19 (07 hr(s), 27 min(s), 38 sec(s) ago)
(RTTNews) - The European Central Bank on Thursday increased the size of its emergency asset purcha ...Full Story»

U.S. Trade Deficit Widens More Than Expected In April (07 hr(s), 30 min(s), 38 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Thursday showed the U.S. trade deficit ...Full Story»

U.S. Weekly Jobless Claims Drop To 1.877 Million (07 hr(s), 33 min(s), 38 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits pulled back further off their recent ...Full Story»

BoE's Hauser Says Interest Rates Unlikely To Turn Negative In Near Term (07 hr(s), 49 min(s), 38 sec(s) ago)
(RTTNews) - UK interest rates are unlikely to turn negative in the near-term, Bank of England' ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

ECB Slashes Eurozone Growth Forecasts, Sees 8.7% Contraction This Year

06/04/2020 - 09:59 AM (RTTNews)
(RTTNews) - The European Central Bank slashed its growth and inflation projections for this year a ...Full Story>>

U.S. Labor Productivity Decreases Much Less Than Initially Estimated In Q1

06/04/2020 - 09:55 AM (RTTNews)
(RTTNews) - Revised data released by the Labor Department on Thursday showed U.S. labor productivi ...Full Story>>

U.S. Trade Deficit Widens More Than Expected To $49.4 Billion In April

06/04/2020 - 09:37 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Thursday showed the U.S. trade deficit ...Full Story>>

U.S. Weekly Jobless Claims Drop Less Than Expected To 1.877 Million

06/04/2020 - 09:14 AM (RTTNews)
(RTTNews) - First-time claims for U.S. unemployment benefits pulled back further off their recent ...Full Story>>

ECB Boosts Emergency Asset Purchases Amid Economic Slump Due To Covid-19

06/04/2020 - 08:45 AM (RTTNews)
(RTTNews) - The European Central Bank on Thursday increased the size of its emergency asset purcha ...Full Story>>
Copyright © 2020. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.