The August consumer price report indicated greater than expected price pressure with inflation up 0.3% (UA) in the month and compared to expectations of a 0.1% rise. Similarly on a core basis, prices rose 0.4%, which compares to an expected increase of 0.2%. This resulted in the overall year-over-year rate Read More Canadas August Inflation [...]
Posted in FX News | Tagged august, canadas, expected, inflation, more, rises, than
Existing home sales in the US jumped 7.7% in August to a six-month high of 5.03 million annualized units following the unrevised 3.5% decrease to 4.67 million in July. The increase in resale activity in August beat market expectations of a 1.7% increase in the pace of sales to an Read More US Existing Home [...]
Posted in FX News | Tagged are, august, but, by, existing, expected, falling, home, in, more, prices, rise, sales, still, than, us
U.S. industrial production (IP) unexpectedly climbed 0.2% in August, above market expectations for an unchanged reading and following a solid 0.9% increase in July. With the increase in production, the capacity utilization rate edged up to 77.4 from a downwardly revised 77.3 in July (previously reported as 77.5). Read More US Industrial Production Rises Unexpectedly [...]
Posted in FX News | Tagged august, in, industrial, production, rises, unexpectedly, us
The overall increase in the August CPI came in at a stronger than expected 0.4%, which was double market forecasts. Excluding the volatile food and energy components, however, the so called core price index rose an as expected 0.2%. On a year-over-year basis, the rate of increase in the overall Read More US Inflation Rate [...]
Posted in FX News | Tagged august, expected, in, inflation, more, rate, rose, than, us
Led by a wide range of price increases, the Consumer Price Index (CPI) surprised the markets this morning, rising a stronger-than-expected 0.4 percent in August. The increase lifted the year-over-year change to 3.8 percent, a level not seen since September 2008. Leading the August increase in headline CPI was a Read More Consumer Prices Jump [...]
Posted in FX News | Tagged august, consumer, in, jump, prices
Retail spending in August remained unchanged in the month and compared to expectations of a 0.2% gain. The increase represents a slowing from a 0.3% rise in July that was revised down from an initially estimated increase of 0.5%. The picture was little changed eliminating the usually volatile auto component, Read More US August Retail [...]
Posted in FX News | Tagged august, in, month, retail, sales, the, unchanged, us
Not only were retail sales unchanged in August, the 0.5 percent gain initially reported for July was revised to a smaller gain of only 0.3 percent. Core sales slowed as well. Consumer spending growth is slowing further. Read More Retail Sales Stall in August
Posted in FX News | Tagged august, in, retail, sales, stall
Reflecting lower energy costs and higher prices for food, total finished goods prices were unchanged in August, as expected. Recent concerns of slower global growth have weighed on energy prices in particular, as the wholesale energy index fell for the third straight month, down 1.0 percent in August. Although gasoline Read More Wholesale Prices Flat [...]
Posted in FX News | Tagged august, flat, in, prices, wholesale
The rising cost of energy bills pushed inflation up to 4.5pc in August. Here’s how economists reacted, and where they think price rises are headed. Read More Inflation accelerates to 45pc in August reaction
Posted in FX News | Tagged 45pc, accelerates, august, in, inflation, reaction, to
The ISM non-manufacturing index indicated that the service sector continued to expand in August with the pace of growth picking up as the index rose to 53.3 from 52.7 in July (a reading above 50 indicates the sector is generally expanding). The acceleration of growth in August comes in contrast Read More US Service Sector [...]
Posted in FX News | Tagged accelerated, august, growth, in, sector, service, unexpectedly, us
