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US manufacturing jumps for a second straight month, construction spending rises

A measure of U.S. manufacturing activity surged in June likely as steel and aluminum tariffs caused disruptions to the supply chains, resulting in factories taking longer to deliver goods. The Institute for Supply Management (ISM) said on Monday its index…

UK manufacturing sector remains subdued at end of second quarter

The performance of the UK manufacturing sector remained relatively subdued in June, especially when compared to the marked pace of growth seen before the turn of the year. Output growth moderated, to largely offset a mild acceleration in new order…

Weakest rise in output since August 2017, Spanish PMI figures show

Spanish manufacturing business conditions continued to improve at the end of the second quarter of 2018, although the rate of growth in the sector remained muted relative to earlier in the year. Output increased at the weakest pace in ten…

A closely watched private index on Chinese manufacturing slips, as expected

The private Caixin/Markit manufacturing PMI came in at 51.0, slightly lower from 51.1 in May as new export sales fell for the third straight month, said a joint press release. Economists polled by Reuters had expected the Caixin/Markit index to…

USD - Major events in the week ahead

On Monday New Home Sales figures were released. Sales of new single-family houses in May 2018 were at a seasonally adjusted annual rate of 689,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of…

U.S. consumer sentiment rises to highest level in three months

Consumer sentiment jumped at the beginning of June, moving opposite of expectations and heading back toward levels seen earlier this year. The University of Michigan's Friday report on consumer attitudes about the economy hit 99.3 in a preliminary June reading,…

Euro area annual inflation up to 2.0%

Euro area annual inflation is expected to be 2.0% in June 2018, up from 1.9% in May 2018, according to a flash estimate from Eurostat, the statistical office of the European Union.

UK Current Account deficit narrowed to £17.7 billion

The UK’s current account deficit was £17.7 billion (3.4% of gross domestic product (GDP)) in Quarter 1 (Jan to Mar) 2018, a narrowing of £1.8 billion from a revised deficit of £19.5 billion (3.8% of GDP) in Quarter 4 (Oct…

Australian new house sales continue to slide in 2018

The first half of 2018 has seen a downward trend in new house sales. Sales across the five mainland states declined by 4.4 per cent in May, representing a fifth consecutive monthly fall. Sales are now 14.1 per cent lower…

German inflation rises 2.1% in June

German inflation rose in line with expectations last month, according to a report released on Thursday. The consumer price index rose 2.1% last month, compared with the same month a year earlier, according to data from the Federal Statistics Office.…

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