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ISM Non-Manufacturing PMI increased to 55.3

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…

US Trade Balance deficit rose to $43.7 billion

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…

German Factory Orders fell by 0.7%

Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had decreased in July 2017 a seasonally and working-day adjusted 0.7% on the previous month. For June 2017, revision of the preliminary outcome resulted…

Australian GDP grew by 0.8%

Gross Domestic Product rose by 0.8% on the quarter, and 1.8% on the year. This matched market forecasts but, in the wake of some strong construction and export data for the same period, investors may have dared to hope for…

US Factory Orders in line with market expectations

New orders for U.S.-made goods recorded their biggest drop in nearly three years in July, but orders for capital goods were stronger than previously reported, pointing to robust business spending at the start of the third quarter. Factory goods orders…

Eurozone Retail Sales fell by 0.3%

In July 2017 compared with June 2017, the seasonally adjusted volume of retail trade fell by 0.3% in the euro area (EA19) and by 0.2% in the EU28, according to estimates from Eurostat, the statistical office of the European Union.…

UK Services PMI declined to 53.2

UK service providers recorded solid rises in business activity and incoming new work during August, but rates of growth eased since July and remained notably weaker than seen on average in the first half of 2017. The latest survey also…

RBA left interest rates unchanged

At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The low level of interest rates is continuing to support the Australian economy. Taking account of the available information, the Board judged that…

Eurozone PPI unchanged in July

In July 2017, compared with June 2017, industrial producer prices remained stable in the euro area (EA19), while they rose by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June 2017…

UK Construction PMI declined to 51.1

August survey data indicated that the UK construction sector continued to experience a slowdown this summer. Reduced levels of commercial work were a key source of weakness, which offset robust growth in residential building. There were also signs of a…

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