Non-farm payrolls rise by 315,000 in August, against 300,000 expected. Unemployment rate unexpectedly rises from 3.5% to 3.7%. The dollar falls after the employment data. The official employment report of the United States showed mixed data, with a rise in jobs in line with expectations and an unexpected increase in the unemployment rate. Revenue rose […]
Tag: Economic Indicator
Germany: The trade balance reduces its surplus to 5.4B euros in July, but improves expectations of 4.8B
According to Destatis, the German statistics office, the trade balance reduced its surplus in July to 5.4B euros from 6.2B in June (figure revised downward from 6.4B). The result, however, improves the 4.8B estimated by the consensus. The German exports fell 2.1% after growing 4.2% the previous month, but moderate the estimated 2.3% drop. Finally, […]
US: ISM Manufacturing remains at 52.8 in August vs. 52 expected
ISM Manufacturing stands at 52.28 in August versus 52 market consensus. Employment index jumps from 49.9 to 54.2. The dollar extends the advance throughout the market. The ISM Manufacturing index posted a better-than-expected reading in August at 52.8, similar to July and higher than the market consensus of 52. The dollar extended the upward path […]
US: Initial jobless claims fall more than expected to eight-week lows
Initial requests for unemployment benefits fall to 232,000 against 248,000 expected. The dollar remains firm in the market. Next impact data: ISM Manufacturing for August. The United States Department of Labor reported that Initial jobless claims fell by 5,000 in the week ending August 27 to 232,000, a figure lower than the 248,000 of the […]
German and Eurozone manufacturing PMI data disappoint in August and remain in contraction territory
The German manufacturing PMI fell two tenths in August, falling to 49.1 points from the previous 49.3, placing it for the second consecutive month in contraction territory. In addition, the indicator disappointed market expectations, which expected an increase to 49.8 points. The August figure is the weakest seen in 26 monthsspecifically since June 2020. According […]
China: Caixin Manufacturing PMI enters contraction territory in August
The Caixin’s Chinese manufacturing PMI has fallen nine tenths in August, standing at 49.5 points after posting 50.4 in July. The result improves market expectations, whose consensus expected a slight decline, to 50.2 points. The indicator enters contraction territory, falling to 49.5 points and obtaining its worst figure in three months. According to him Dr […]
Eurozone: Annual inflation reaches a new all-time high of 9.1% in August
The Preliminary consumer price index (CPI) for the euro zone has risen to 9.1%, a new all-time high. The indicator grows two tenths from the 8.9% registered in July, and exceeds market expectations of 9%. Regarding the main components of inflation in the euro area, Eurostat reveals that energy is expected to have the highest […]
Germany: Annual inflation rises to 7.9% in August, higher than the 7.8% expected
The annual rate of inflation went from 7.5% in July to 7.9% in August. The euro remains among the best performing currencies. The preliminary inflation report for August Germany indicated that the annual rate of inflation rose from 7.5% in July to 7.9% in Augustabove the 7.8% market consensus. This implies a new rise after […]
Spain: Estimated annual inflation remains above 10% for the third consecutive month in August
The Spanish Consumer Price Index (CPI) has been reduced by 4 tenths in the preliminary reading for August, standing at the 10.4% after hitting a 38-year high of 10.8% in July. The indicator has improved market expectations, whose consensus placed the result at 10.9%. Despite the improvement, this is the third consecutive month with inflation […]
US: Personal consumption expenditure price index falls unexpectedly in July
Personal income and spending rise less than expected in July. The spending price index falls unexpectedly. The dollar retreats after the figures. The personal income and expense report showed figures below expectations in all its indicators. The entry in July it rose 0.2% below the 0.6% expected and less than the 0.7% increase in June […]