sector growth

 
 

US homebuilding retreats, manufacturing still struggling

WASHINGTON, Oct 18 — US homebuilding tumbled from more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower mortgage rates even as the…


Budget 2020 to fast track logistics sector growth, say industry players

MANCHESTER, Oct 16 ― Industry players say the 2020 Budget tabled last Friday clearly reflects the government's commitment to developing the domestic logistics sector by addressing overdue key issues such as rail lines and road repairs, while the…


Official PMI shows China Sept services sector growth slows slightly

BEIJING, Sept 30 — China’s factory activity shrank for the fifth straight month in September, and though the downturn eased off slightly the underlying trend pointed to persistent pressure on the economy as it navigates a bruising trade war with…


Global stocks sink on dismal euro zone data, dollar gains

NEW YORK, Sept 24 — The dollar edged higher while global shares slid yesterday as euro zone equities clocked their worst day in a month after dismal business activity readings in Europe deepened fears of a looming recession there. Bond yields…


US services sector growth accelerates; private payrolls jump

WASHINGTON, Sept 5 — US services sector activity accelerated in August and private employers boosted hiring, suggesting the economy continued to grow at a moderate pace despite trade tensions which have stoked financial market fears of a…


World Bank chief Malpass urges reforms to attract investment amid trade uncertainty

OSAKA, June 29 ― Uncertainty from trade tensions and slowing global growth is increasing the need for developing countries to pursue reforms that make them more attractive to private investment, World Bank President David Malpass said yesterday….


China's growth data may mask economic risks, says research group

SHANGHAI, Jan 16 — China's GDP growth may be significantly slower than official estimates suggest and its economy more vulnerable to external shocks than widely believed, a global business think tank has warned. Data due next week is expected to…


European stock rally ends amid weak results, trade pessimism

LONDON, Jan 10 ― European shares tumbled today as optimism over US-China trade talks faded and a slew of weak earnings reports hit auto and retailer stocks. The trade-sensitive DAX was down 0.4 per cent by 0950 GMT, while the pan-European STOXX…


US services sector growth hits five-month low

NEW YORK, Jan 8 — US services sector activity slowed to a five-month low in December, but remained above a level consistent with solid economic growth in the fourth quarter. The Institute for Supply Management said yesterday its non-manufacturing…


MEI: Online hiring falls for nine months in a row

PETALING JAYA: Malaysia registered nine straight months of decline in overall online recruitment activity, down 5% year-on-year in November 2018, according to the latest Monster Employment Index (MEI).

The MEI is a gauge of online job posting activities compiled monthly by Monster.com. It records the industries and occupations that show the highest and lowest growth in recruitment activity locally.

The index noted that the banking, financial services and insurance industry, which has been on a plunge since January, recorded double-digit decline in November at 12% year-on-year.

“According to research houses, macro policy uncertainty post-GE14 seems to be having a slight dampening effect on the banking’s sector growth, and analysts also expects the sector’s core earnings growth to come in lower this year,” Monster.com (Asia Pacific and Middle East) CEO Abhijeet Mukherjee said.

Finance and accounts job roles also saw the most-notable annual decline among occupation categories, down 10% year-on-year, which marks the ninth consecutive month of decline for the role.

Meanwhile, the IT, telecom/internet service provider, business process outsourcing/IT-enabled services and oil & gas industries were yet again the only two out of the nine industries monitored by the index that exhibited growth, up 28% and 16% year-on-year, respectively.

On a six month-basis, both sectors also recorded strong growth, up 35% and 16% respectively.

Among occupation categories, customer service roles registered the most notable growth in November, up 6% year-on-year, followed by software, hardware and telecom professionals, up 3%.

Demand for sales and business development professionals was also on the nine-month, double-digit decline wagon as well, down 10% year-on-year in November.

The MEI is based on a real-time review of millions of employer job opportunities culled from a large representative selection of career websites and online job listings across Malaysia.

The index does not reflect the trend of any one advertiser or source, but is an aggregate measure of the change in job listings across the industry.