All the day’s economic and financial news, including a new health check on the world’s factories
- Latest: UK manufacturing is holding up
- Eurozone factory PMI hits six-year high
- Job-creation now fastest in 20 years
- Chinese factories contracted last month
- Nationwide: UK house prices fall again
America’s private sector created 253,000 new jobs in May, substantially more than expected.
Economists had predicted that the monthly ADP payroll would rise by 185,000, and these blow-out figure suggest tomorrow’s Non-Farm Payroll could also be impressive.
Sector breakdown of today’s ADP report . . . #ADP #JOBS pic.twitter.com/MgyyFBP3CG
ADP Employment up 253,000. Consensus was in the 170,000s. Economy keeps plowing along.
US ADP private sector employment surges to +253k in May, way above expectations. Points to strong payrolls? As ever, wage growth will be key
International Airlines Group CEO Willie Walsh has broken his silence over the disruption that grounded over a thousand British Airways flights last weekend.
We clearly apologise to any customers who were disrupted.
It was not an IT failure. It was a problem caused by the failure of electrical power to our IT systems.
Breaking…we have first broadcast interview with Willie Walsh. Says they know what happened. Investigation still ongoing though….
..and he defended BA boss Alex Cruz…says couldn’t have handled it better
..repeated power problem not IT problem…”we know the cause” investigating why it happened