In the US session Trade Balance and ISM Non-Manufacturing PMI data was published. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.7 billion in July, up $0.1 billion from $43.5 billion in June, revised. July exports were $194.4 billion, $0.6 billion less than June exports. July imports were $238.1 billion, $0.4 billion less than June imports.
Economic activity in the non-manufacturing sector grew in August for the 92nd consecutive month, say the nation’smpurchasing and supply executives in the latest NonManufacturing ISM® Report On Business®. The NMI® registered 55.3 percent. This represents continued growth in the non-manufacturing sector at a faster rate. The NonManufacturing Business Activity Index increased to 57.5 percent, 1.6 percentage points higher than the July reading of 55.9 percent, reflecting growth for the 97th consecutive month, at a faster rate in August.
From Australia, tomorrow, Retail Sales and Trade Balance figures will be released. Incline by 0.2% is expected in Retail Sales, while Trade Balance surplus should rise to $0.93 billion. In the US session Unemployment Claims data will be published. Analysts anticipate increase to 245,000.
Figures to watch:
Retail Sales (Thursday 3:30)
Trade Balance (Thursday 3:30)
Unemployment Claims (Thursday 14:30)
