Source: US Census Bureau New orders for US-made goods rose more than expected in January, signaling a continued expansion in manufacturing despite supply challenges. DXY up +0.42%, EUR USD down -0.50% The factory orders increased 1.4% in January. Data for December was revised sharply higher to indicate orders rising 0.7% rather than falling 0.4% as initially … [Read more...] about US Factory Orders Jump 1.4% in January, Beating Estimates
Forex News
Nonfarm Labor Productivity Improves by 6.6% In the Fourth Quarter of 2021
Source: Bureau of Labor Statistics US labor productivity in the nonfarm business sector saw a gain of 6.6% in the last quarter of 2021, resulting in a 9.1% increase in overall output. SPY is down -0.42%, DXY is up +0.41%. The gains in the nonfarm labor productivity also saw the hours rise by 2.4% in the fourth quarter.Compared to the fourth quarter of 2020, nonfarm labor … [Read more...] about Nonfarm Labor Productivity Improves by 6.6% In the Fourth Quarter of 2021
Producer Prices Jump by 5.2% In the Euro Area in January
Source: Eurostat The industrial producer prices increased by 5.2% in the euro area in January 2022 from December, and were up by 30.6% from the comparable month of 2021. DAX is down -0.22%, EURUSD is down -0.28%. In the EU, the producer prices increased by 4.9% and were up by 30.3% compared to January 2021.Producer prices rose the highest in the energy category, with a … [Read more...] about Producer Prices Jump by 5.2% In the Euro Area in January
UK Services Activity Jumps to an 8-Month High in Feb., Inflation Escalates
Source: IHS Markit The UK Services Business Activity Index was posted at 60.5 in February, accelerating from 54.1 in January. The activity was at its highest since June last year. FTSE 100 is down -0.70%, GBPUSD is down -0.18%. The uptick in services activity in February coincided with a sharp rise in new orders, helped by the slowdowns in the Omicron Covid … [Read more...] about UK Services Activity Jumps to an 8-Month High in Feb., Inflation Escalates
China’s Feb Services Activity Grew at Slowest Pace in Six Months
Source: IHS Markit China’s service sector expanded at the slowest rate in six months in February, as businesses expressed a stronger optimism for the upcoming year. CSI 300 Index down -0.59%, CNY USD up +0.03% The seasonally adjusted headline business activity index dropped to 50.2 points in February from 51.4 in January. Any score above 50 signaled a marginal increase in … [Read more...] about China’s Feb Services Activity Grew at Slowest Pace in Six Months
