- Coronavirus paralyzed economic activity in China
- Coronavirus is distributed by the US
Today, China has been published private business activity index from Caixin. Index for the month decreased from 51.1 to 40.3 points, a record low. Recall that Caixin conducts a survey in April 2004. These data clearly show the influence of koronaviursa on China's economy, which is now virtually paralyzed. The epidemic has considerably worsened the prospects for China's economic development, and new official data on the manufacturing sector and the service sector have confirmed these expectations.
Bidders concerned about the news of the spread of the virus in the United States, which already officially confirmed two deaths from dangerous diseases. Doctors study confirmed cases in Washington, in addition, several cases of coronavirus infection recorded in Oregon and California. Experts point out that many cases of virus infection can not yet officially confirmed. Who is to be confirmed illnesses in New York, Florida and Rhode Island. Such news show stronger than previously expected, the impact on the US economy coronavirus.
News, which you should pay attention today:
08:55 GMT. Germany: PMI in the manufacturing sector (PMI)
09:30 GMT. United Kingdom: PMI in the manufacturing sector (PMI)
15:00 GMT. USA: index of business activity in the manufacturing sector (PMI) from ISM
News and analyst FORTFS