The ADP National Employment Report for March 2017 was recently released, showing improvement in the labor market.
The March non-farm payroll employment in the United States (SPY) (SPXL) saw a rise of only 98,000 jobs in March 2017, compared to 235,000 jobs in February.
China’s final manufacturing PMI (purchasing managers’ index) stood at 51.8 in March 2017 compared to 51.6 in February, beating market expectations of 51.6.
Japan’s manufacturing PMI (purchasing managers’ index) stood at 52.4 in March 2017 compared to 53.3 in February.
India’s manufacturing PMI (purchasing managers’ index) stood at 52.5 in March 2017 compared to 50.7 in February.
The final Markit Germany manufacturing PMI stood at 58.3 in March 2017 compared to 56.8 in February.
The improved performance of the Eurozone indicates some improvement in its economic activity.
The final Markit France manufacturing PMI (purchasing managers’ index) stood at 53.3 in March 2017 compared to 52.2 in February 2017.
The March final manufacturing PMI (purchasing managers’ index) report indicates a softening environment in the US business condition.
In this series, we’ll take a look at the global final manufacturing PMIs and services PMIs for March 2017. These indicators help us understand the business condition of an economy.
Currently, the US has a system of worldwide taxation as compared to a territorial tax system in other developed nations.
Unlike the US, most developed nations have value-added tax.
According to Steve Forbes, big and bold tax cuts could boost investment sentiment for 2018.
Auto-enrollment is now being considered as an alternative to the individual mandate of Obamacare—something that would reduce the current penalty to $0.
The idea behind Obamacare was that it would embody legislation not only providing but mandating healthcare coverage for nearly everyone in the US.
The US healthcare system is unique in the developed world as it lacks a uniform system and, according to Emanuel, had been largely inefficient before Obamacare.
The implementation of the Goods and Service Tax (or GST) in India is expected to begin on July 1, 2017.
India’s economy remains robust despite the removal of about 86% of its currency in circulation, according to national accounts.
The Indian stock market (INDA) (INDY) was mostly jittery throughout 2016.
For the first time since the 2008 financial crisis, FPI in 2015–2016 saw net outflows of about 181 billion rupees as compared to an inflow of about 2,274 billion rupees in 2014–15.