Daily Outlook

Coronavirus live updates: Russia sees over 10,000 new cases; Euro zone manufacturing slumps in April

Global cases: More than 3.5 million Global deaths: More than 247,300 Most cases reported: United States (over 1.15 million), Spain (over 217,400), Italy (over 210,700), United Kingdom (over 187,800), France (over 168,800)

Activity in the euro zone’s manufacturing sector contracted at a record rate in April with Covid-19 related measures impacting heavily on demand and production, a survey showed on Monday.

IHS Markit’s Purchasing Managers’ Index (PMI) for manufacturing fell to 33.4 in April from 44.5 in March, the final PMI data showed Monday. It’s slightly lower than preliminary (flash) data estimating a decline to 33.6. The 50-point mark separates monthly expansion from contraction.

The number of new coronavirus cases in Russia has risen by 10,581 over the past 24 hours, its crisis response center said Monday. That compares to a daily increase of 10,633 that was recorded on Sunday.

Russia’s total number of cases has reached 145,268 and it has recorded 1,356 deaths. Russia has now become the 7th worst- hit country in the world in terms of infections, Johns Hopkins University data shows. Russian Prime Minister Mikhail Mishustin has been diagnosed with the coronavirus just last week.

Coronavirus live updates: Russia sees over 10,000 new cases; Euro zone manufacturing slumps in April, CNBC, May 4

Article Rating