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 [...]
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New Zealand economy recorded unexpectedly trade balance surplus in July, more than forecasts as the nation’s exports rose during this period alongside recovery in global demand, while imports fell to a six month low that helped to narrow the nation’s shortfall. Read More New Zealand Reports Unexpectedly Trade Balance Surplus During July
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Existing home sales in the US unexpectedly declined for the third consecutive month, slipping 0.8% to 4.77 million annualized units in June following unrevised declines of 3.8% and 1.8% in May and April, respectively. The drop in resale activity in June was in contrast to market expectations for a 1.9% Read More US Existing Home [...]
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The Conference Board’s measure of U.S. consumer confidence fell 5.2 points to 60.8 in May, more than reversing last month’s 2.2 point increase to 66.0 (initially reported as 65.4) and falling to its lowest level since last November. The decline in sentiment comes as a surprise as market expectations were Read More US Consumer Confidence [...]
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New home sales unexpectedly fell 8.1% to 283,000 annualized units in October from the previous month’s revised annual sales pace of 308,000 units (initially reported as 307,000). Market expectations were for a 1.6% increase to 312,000 annualized units. The deceleration in the pace of sales outpaced the further decline of Read More US New Homes [...]
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U.S. producer prices rose 0.4% in October, building on the equal-sized gains recorded in August and September. Expectations going into today’s report had been for a much stronger 0.8% increase. The annual increase in overall producer prices rose to 4.3% in October from 4.0% in September. Excluding the food and Read More US Producer Prices [...]
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The jobless rate of Australia rose to 5.4 percent last month from 5.1 percent in the previous month, the statistics bureau said in Sydney. The median forecast of 24 analysts in a Bloomberg News survey was for a drop to 5 percent. 6 Vote(s) Read More AUD Drops to Lowest in Wk as Jobless Rate [...]
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Housing starts in the US unexpectedly rose by 0.3% in September to an annualized pace of 610,000 units. This result represents the third consecutive monthly increase, following August’s 10.5% increase to an upwardly revised 608,000 annualized units (previously reported 598,000) and July’s 2.0% rise, and it is the fastest pace Read More US Housing Starts [...]
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Canadian nominal retail sales in July unexpectedly dropped 0.1% in the month relative to expectations of a 0.6% increase. As well, the June data were revised down to show no change in the month relative to an initially estimated gain of 0.1%. Weakness was evident on a volumes basis as Read More Canadian July Retail [...]
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Canada’s economy got back into job creation mode in August with employment rising by 35,800. This result was largely in line with the consensus forecast for a 30,000 job gain. The unemployment rate, which rose in July to 8.0%, increased again in August to stand at 8.1% because the 53,500 Read More Canadian August Employment [...]
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