FOREX TradingCharts.com

Financial News: Australia's Private Sector Rebounds In June

Australia's Private Sector Rebounds In June

06/23/2020 - 01:16:00 (RTTNews)

(RTTNews) - Australia's private sector rebounded in June reflecting the loosening of restrictions related to the coronavirus pandemic, survey results published by IHS Markit showed Tuesday.

The Commonwealth Bank flash composite output index climbed to 52.6 in June from 28.1 in the previous month. A score above 50 indicates expansion.

The increase was centered on the service sector, which saw a rise in activity for the first time in five months. Meanwhile, manufacturing production continued to fall, although at a much softer pace.

New orders stabilized, ending a four-month sequence of decline, but companies continued to reduce employment as they generally operated below normal capacity.

Input prices increased for the first time in three months. Output prices also increased in June, but at a slower pace than input costs.

Confidence around the 12-month outlook for activity improved to the highest for nine months amid optimism that economic conditions will return to normal.

The flash services Purchasing Managers' Index rose to 53.2 in June from 26.9 in the previous month.

At the same time, the manufacturing PMI came in at 49.8 versus 44.0 in May.

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


U.S. Producer Prices Unexpectedly Drop 0.2% In June (57 min(s), 04 sec(s) ago)
(RTTNews) - Producer prices in the U.S. unexpectedly decreased in the month of June, according to ...Full Story»

EU's Michel Lays Out Long-term Budget & Recovery Plan (55 min(s), 04 sec(s) ago)
(RTTNews) - European Council President Charles Michel on Friday laid out a plan for long-term budg ...Full Story»

Bank Of Italy Sees Around 9.5% GDP Contraction This Year On Covid-19 (24 min(s), 04 sec(s) ago)
(RTTNews) - Italy's economy is set to contract by around 9.5 percent this year due to the impa ...Full Story»

U.S. Producer Prices Unexpectedly Dip 0.2% In June (26 min(s), 04 sec(s) ago)
(RTTNews) - Producer prices in the U.S. unexpectedly decreased in the month of June, according to ...Full Story»

China's Bank Lending Rises In June (55 min(s), 04 sec(s) ago)
(RTTNews) - China's bank lending increased in June as lower borrowing costs helped to lift dem ...Full Story»

Slovakia Industrial Production Decline Slows In May (41 min(s), 04 sec(s) ago)
(RTTNews) - Slovakia industrial production declined at a softer pace in May, data from the Statist ...Full Story»

Lithuania Producer Prices Fall For Fifth Month (39 min(s), 04 sec(s) ago)
(RTTNews) - Lithuania's producer prices declined for the fifth month in a row in June, though ...Full Story»

Romania Inflation Rises; Trade Deficit Narrows (37 min(s), 04 sec(s) ago)
(RTTNews) - Romania's consumer price inflation rose in June after easing in the previous month ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Producer Prices Unexpectedly Drop 0.2% In June

07/10/2020 - 13:15 PM (RTTNews)
(RTTNews) - Producer prices in the U.S. unexpectedly decreased in the month of June, according to ...Full Story>>

EU's Michel Lays Out Long-term Budget & Recovery Plan

07/10/2020 - 12:13 PM (RTTNews)
(RTTNews) - European Council President Charles Michel on Friday laid out a plan for long-term budg ...Full Story>>

Bank Of Italy Sees Around 9.5% GDP Contraction This Year On Covid-19

07/10/2020 - 11:42 AM (RTTNews)
(RTTNews) - Italy's economy is set to contract by around 9.5 percent this year due to the impa ...Full Story>>

U.S. Producer Prices Unexpectedly Dip 0.2% In June

07/10/2020 - 08:44 AM (RTTNews)
(RTTNews) - Producer prices in the U.S. unexpectedly decreased in the month of June, according to ...Full Story>>

China's Bank Lending Rises In June

07/10/2020 - 08:13 AM (RTTNews)
(RTTNews) - China's bank lending increased in June as lower borrowing costs helped to lift dem ...Full Story>>

Do not sell my personal information

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.