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Spanish Services PMI rose to 56.7

Strong growth of new business fed through to another sharp monthly rise in activity in the Spanish service sector, with rates of expansion in both quickening from August. Rising workloads encouraged companies to increase staffing levels again. Stronger client demand…

UK Construction PMI fell to 48.1 in September

September data revealed a difficult month for the UK construction sector, as a sustained drop in new work led to the first reduction in overall business activity since August 2016. Survey respondents attributed the drop in workloads to fragile confidence…

Number of unemployed in Spain increased by 27,858 people

The number of unemployed registered in the offices of the Public Employment Service (SEPE) has risen in September by 27,858 people in relation to the previous month. In the last 8 years this month registered unemployment had increased by almost…

RBA left interest rates unchanged

The Reserve Bank of Australia (RBA) on Tuesday held its cash rate steady at a record low 1.50% as expected and signaled to markets that the economy continues to improve. The low level of interest rates is continuing to support…

Building Approvals rose by 0.4%

The trend estimate for total dwellings approved rose 1.1% in August and has risen for seven months. The seasonally adjusted estimate for total dwellings approved rose 0.4% in August following a fall of 1.2% in the previous month. The trend…

Sydney home prices fall for the first time in 17 months

Sydney property prices have dropped for the first time in almost one-and-a-half years, but strong gains for Hobart and Melbourne have continued, according to the latest CoreLogic report. Hobart's 14.3 per cent home price rise is the nation's strongest in…

Hurricanes Harvey, Irma lift U.S. factory activity index to 13-year high

A measure of U.S. manufacturing activity surged to a near 13-1/2-year high in September as disruptions to the supply chains caused by Hurricanes Harvey and Irma resulted in factories taking longer to deliver goods and boosted raw material prices. Still,…

UK Manufacturing PMI fell more than expected

The UK manufacturing sector continued to expand at a solid clip during September, with production and new orders both rising at above long-run average rates. However, the latest survey signalled that cost inflationary pressures surged higher. This reflected a combination…

Spanish Manufacturing PMI increased in September

Growth picked up in the Spanish manufacturing sector during September amid improvements in client demand. This reversed the recent trend of weaker improvements in business conditions. New orders, output and employment all rose at sharper rates during the month. Supply…

USD - Major events in the week ahead

Events that marked the week: On Tuesday Consumer Confidence and New Home Sales data was released. U.S consumer confidence fell in September and home sales dropped to an eight-month low in August due to the impact of Hurricanes Harvey and…

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