Source: Institute for Supply Management The US manufacturing sector expanded in September to indicate the 16th straight month of expansion of the overall economy, as all of the biggest industries posted moderate to strong growth during the month. The Manufacturing PMI stood at 61.1% in September, up 1.2 percentage points from 59.9% in August.The increase comes as moderate … [Read more...] about US Manufacturing Expands 61.1% in September
Forex News
Consumer Sentiment Posts Rebound in September
Source: University of Michigan Consumer sentiment posted a rebound in September, but the latest figures still indicate depressed optimism. XLY is up 0.24%, while VCR is up 0.01%. The Index of Consumer Sentiment stood at 72.8 in September, up 3.6% from the 70.3 reading in August and 9.5% lower than the 80.4 recorded September last year.The Current Economic Conditions index … [Read more...] about Consumer Sentiment Posts Rebound in September
US Reverse Repo Program Rakes in Record $1.605T
Source: MarketWatch The United States Federal Reserve’s reverse repurchase program raked in record inflows overnight after lawmakers approved an extension of government spending to December 3. The reverse repo program collected $1.605 trillion of cash from 92 firms that took part in the operation.This comes as Congress on Thursday approved a measure to extend government … [Read more...] about US Reverse Repo Program Rakes in Record $1.605T
Canadian Manufacturing Growth Cools Slightly in September
Source: IHS Markit Canadian manufacturing grew further in September as manufacturers recorded higher production volumes, extending the sector’s growth for the 15th straight month. EWC is down 0.19%. The IHS Markit Canada Manufacturing Purchasing Managers’ Index was 57.0 in September, slightly lower than August’s 57.2. The latest reading marks the 15th straight month … [Read more...] about Canadian Manufacturing Growth Cools Slightly in September
Personal Income and Spending up in August Amid Higher Wages and Benefits
Source: Bureau of Economic Analysis Both personal income and disposable personal income continued to expand in August while spending rebounded, driven by the higher employee compensation and government benefits during the period. DXY is down 0.18%. Personal income grew by 35.5 billion or 0.2% in August, slower than the 1.1% increase recorded in July. Disposable personal … [Read more...] about Personal Income and Spending up in August Amid Higher Wages and Benefits
