October 29, 2020 According to the latest report provided by the Eurostat, in the second quarter of 2020, household real consumption per capita fell by 10.7% in the euro area, while the previous quarter decreased by 3.3%. Additionally, Eurostat noted that, “This decline is the highest since the beginning of the time series in 1999.
October 29, 2020 The seasonally adjusted initial claims, advance estimate, decreased by 40,000 to 751,000 for the week ending October 24 from the prior week's revised level, according to the U.S. Department of Labour (DOL). The prior week's level was revised from 787,000 to 791,000 up by 4,000. In comparison to the previous week’s average, the 4-week moving average was 787,750,
Brent Oil Brent oil prices decreased by 11.21% or US$4.76, as prices decrease this week relative to the prior week. Oil traded on October 29, 2020 at a price of US$37.70 per barrel relative to US$42.46 on October 22, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87 Octane prices decreased
United States: U.S. Economy Expands at Record 33.1% Pace After Covid Plunge “The U.S. economy bounced back with a record yet temporary surge of growth in the third quarter as businesses reopened and stimulus cash powered consumer spending, reversing much of the collapse stemming from coronavirus-enforced lockdowns. Just as the second-quarter plunge in output was
October 28, 2020 Chairman, Mr. Joseph Matalon, stated that, “the Company experienced a large volume of advertisement cancellation, as a result of the ongoing pandemic, which greatly impacted the Company’s revenue.” Notwithstanding, RJR is working vigorously to recuperate from this impact; as such, the Company is strongly monitoring its’ strategic projects which has been beneficial
October 28, 2020 Unemployment rates trended upward for the month of September in 388 of the 389 metropolitan areas and lower in 1 area compared to twelve months earlier. According to Bureau Labor Statistics (BLS), “a total of 73 areas had jobless rates of less than 5.0% and 31 areas had rates of at least
United States: Record GDP Surge to Mask Moderation in U.S. Economic Rebound “The U.S. is about to report the fastest quarterly growth on record after businesses reopened following pandemic shutdowns and consumers proved resilient. But the headline number, like the record contraction preceding it, obscures key parts of the story. Data due Thursday are forecast
Date: October 27, 2020 Total revenue for the nine months ended September 30, 2020 grew by 12% amounting to $15.10 billion, up from $13.51 billion reported a year ago. For the quarter, revenues amounted to $5.77 billion (2019: $4.38 billion). Cost of Sales closed the period under review at $8.14 billion (2019: $7.69 billion). As
October 27, 2020 Consumer confidence dipped within the United States of America for October, according to the Conference Board Consumer Confidence Index. The performance reflected a marginal decline to 100.9 points (1985=100) in October, from 101.3 points in September. According to the Conference Board, "the Present Situation Index – based on consumers' assessment of current business and
United States: U.S. Warehouse Jobs Top Pre-Covid Levels as Online Sales Boom “Warehouse operators across the U.S. are rushing to hire workers amid a boom in online sales, a bright spot for a labor market that faces mounting challenges. With purchases of everything from sweatpants to toilet paper set to hit a holiday record, companies
