Highlights from May 2019 – Hot or cool global economy?

(Apologies for the delay in this being published, it should have been published almost a month ago.)

May 2019 was the quietest month (till date) for us due to unprecedented reasons. We had hoped April 2019 will be the quietest month but turns out this time it was (again) different. Hoping to write more going forward starting July but don’t want to promise that.

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UK employment at highest ever level as wage growth lags; Unemployment lowest in 45 years; Self-employment at highest level

At the end of March 2019, the employment rate for the United Kingdom was estimated at 76.1%, the joint- highest figure on record. The UK economic inactivity rate was estimated at 20.8%, again close to a record low.

UK Employment by Gender until March 2019

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UK Q1 2019 GDP growth estimated at 0.5% (QoQ) and 1.8% (YoY); Manufacturing output soars; Trade deficit widens

UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.5% in Q1 (January to March) 2019. In comparison with the same quarter a year ago (Q1 2018) UK GDP increased by 1.8%, the fastest growth since Q3 2017.

UK GDP upto Q1 2019

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Peak Amazon? Amazon revenue growth and employee additions have slowed significantly

Amazon accounts for about 52% of all online retail sales in the U.S. and its performance acts as a barometer for total online sales growth for the United States.

The most recent sales report for Amazon was for Q1 (January to March) 2019. Net sales increased 17% to $59.7 billion in the first quarter, compared with $51.0 billion in first quarter of 2018. Gone are the days when Amazon was growing at 200%, 100% or even 40%. The base is inevitably large now but what really is happening at Amazon?

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Highlights from April 2019 – Revenue growth slows at Amazon, Alphabet and Apple; Uber, WeWork IPOs

Revenue and profit growth are slowing for major technology companies. For the January to March period, the three major technology companies – Amazon, Alphabet and Apple all saw slowing revenue growth. And the growth slowdown was quite significant.

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Eurozone unemployment lowest since 2008 and European Union unemployment lowest since 2000

The Eurozone or Euro area (EA) seasonally-adjusted unemployment rate was 7.7% in March 2019, down from 7.8% in February 2019 and from 8.5% in March 2018. This is the lowest rate recorded in the euro area since September 2008.

The European Union (EU) unemployment rate was 6.4% in March 2019, down from 6.5% in February 2019 and from 7.0% in March 2018. This is the lowest rate recorded in the European Union since January 2000.

EU unemployment rate upto March 2019

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Eurozone Q1 2019 GDP up by 0.4% and European Union Q1 2019 GDP up by 0.5%; Italy out of Recession

Seasonally adjusted GDP rose by 0.4% in the Eurozone or Euro area (EA) and by 0.5% in the European Union during Q1 (first quarter) of 2019, compared with Q4 2018, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union.

EU and Eurozone GDP growth up to Q1 2019

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