Source: IHS Markit The expansion of the United States’ business activity posted a five-month low in July, on the back of lower new business during the period. The seasonally adjusted final IHS Markit US Services PMI Business Activity Index stood at 59.9 in July.The latest reading compares with the 64.6 in June and the slowest since February.The slowdown was attributed to … [Read more...] about US Business Activity Expansion Falls to Five-Month Low in July
Forex News
Private Sector Employment Growth Cools to 330,000 Jobs in July
Source: ADP The private sector added 330,000 jobs in July to mark a slowdown from the previous quarter, as hiring bottlenecks continue to hold back stronger gains. In terms of company size, medium businesses added 132,000 jobs, large businesses added 106,000, and small businesses added 91,000.In terms of sector, service-producing firms increased by 318,000, with leisure … [Read more...] about Private Sector Employment Growth Cools to 330,000 Jobs in July
UK Service Sector Growth Slows to Four-Month Low
Source: Markit Economics The United Kingdom’s service sector growth decelerated to a four-month low in July, dragged by shortages in the workforce and supply chain issues. The headline seasonally adjusted IHS Markit/CIPS UK Services PMI stood at 59.6 in July, lower than 62.4 in June, and the lowest since March.The slowdown was attributed to staff shortages, supply chain … [Read more...] about UK Service Sector Growth Slows to Four-Month Low
China’s Services Activity Growth Hits Historic High in July
Source: Caixin China’s services activity rebounded with above-average growth in July, following successful efforts to contain the rise of COVID-19 cases. The headline seasonally adjusted Business Activity Index climbed to 54.9 in July, following June’s 14-month low of 50.3.Growth for the month was quicker than the average of 54.1 since the survey started in 2005.New … [Read more...] about China’s Services Activity Growth Hits Historic High in July
New York Household Debt Climbs by 2.1% in the Second Quarter
Source: Federal Reserve Bank of New York Total household debt in New York state reached $14.96 trillion in the second quarter, up 2.1% or $313 billion. SPY is down -0.091%, DXY is up +0.02%. The household debt was boosted by expansion in mortgages and auto loans, which rose by $282 billion and $33 billion, respectively.Credit card balances rose by $17 billion as student … [Read more...] about New York Household Debt Climbs by 2.1% in the Second Quarter
