German Exports Fall At Fastest Pace On Record
German exports declined the most on record in March as foreign demand was dampened by coronavirus, or Covid-19, pandemic, official data showed Friday.
German exports declined the most on record in March as foreign demand was dampened by coronavirus, or Covid-19, pandemic, official data showed Friday.
Finland's industrial production rose for the second straight month in March, figures from Statistics Finland showed on Friday.
Taiwan's trade surplus decreased in April as exports declined more than expected amid rising imports, figures from the Ministry of Finance showed on Friday.
German exports declined at a record pace in March as widespread lockdown to contain the spread of coronavirus, or Covid-19, across major economies hurt the demand, official data showed Friday. Exports fell by seasonally adjusted 11.8 percent month-on-month, in contrast to February's 1.2 percent rise, Destatis reported. This was the strongest decline since the beginning of the time series in August
Lithuania trade deficit decreased in March, as exports and imports declined, figures from the statistical office showed on Friday.
Finland's trade deficit widened in March with exports falling more than imports, preliminary figures from the Finnish Customs showed on Friday.
Reflecting the effects of the coronavirus pandemic and efforts to contain it, the Labor Department released a report on Friday showing a record nosedive in employment in the U.S. in the month of April.
Most of the German companies expect decline in sales in the whole year of 2020 as coronavirus related crisis is expected to last longer, a survey from the German Chamber of Commerce and Industry, or DIHK, showed Friday.
A report released by the Commerce Department on Friday showed wholesale inventories in the U.S. decreased by slightly less than expected in the month of March. The Commerce Department said wholesale inventories slumped by 0.8 percent in March after falling by 0.7 percent in February. Economists had expected inventories to tumble by 1.0 percent.
A report released by the Labor Department on Thursday showed U.S. labor productivity pulled back by much less than expected in the first quarter. The Labor Department said labor productivity slumped by 2.5 percent in the first quarter after jumping by 1.2 percent in the fourth quarter of 2019. Economists had expected productivity to plunge by 5.5 percent.
Japan will on Friday see March data for average household spending, highlighting a modest day for Asia-Pacific economic activity. Spending is predicted to sink 6.7 percent on year after easing 0.3 percent in February.
The average of household spending in Japan was down 6.0 percent on year in March, the Ministry of Internal Affairs and Communications said on Friday - coming in at 292,214 yen.