Source: IHS Markit The Eurozone manufacturing reading contracted for the second straight month in August to mark its lowest level in six months, as supply constraints dragged production. EZU is up 0.92% premarket. The IHS Markit Eurozone Manufacturing PMI fell to 61.4 in August from 62.8 in July. The latest reading remains well above the historical average.Firms … [Read more...] about Euro Area Output Falls to Six-Month Low as Supply Constraints Weigh on Production
Forex News
UK Manufacturing Slips to Five-Month Low Amid Supply Issues and Delivery Delays
Source: IHS Markit UK factory output plunged to a five-month low in August, as firms reported input supply issues and delays in deliveries which hit production during the period. ESIC is up 1.52%, while CDIS is up 0.01%. The IHS Markit/CIPS Purchasing Managers Index fell to 60.3 from July’s 60.4. This is the lowest in five months since February but remains above the … [Read more...] about UK Manufacturing Slips to Five-Month Low Amid Supply Issues and Delivery Delays
UK House Prices Up 2.1% Month-on-Month, Ignoring End of Tax Cut
Source: Nationwide. UK house prices came back strongly in August, indicating underlying demand and a shortage of homes for sale are driving the market as a tax break on purchases ends. FTSE 250 Index up +0.76%, GBP USD up +0.04% The 2.1% jump, the second-largest increase in 15 years, followed a 0.6% decline in July when the tapering of a 12-month stamp-duty holiday pushed … [Read more...] about UK House Prices Up 2.1% Month-on-Month, Ignoring End of Tax Cut
China’s Manufacturing PMI Cools Down to 49.2 in August on Covid-19 Resurgence Fears
Source: IHS Markit. China’s manufacturers signaled a slight decline in business conditions in August, backed by a new drop in the output and a further decline in new work. CSI 300 Index up +1.33%, CNY USD down -0.10% The headline seasonally adjusted PMI in August was 49.2, down from 50.3 in July to signal a deterioration in the health of the sector.Chinese … [Read more...] about China’s Manufacturing PMI Cools Down to 49.2 in August on Covid-19 Resurgence Fears
Consumer Confidence Slips as Spread of Delta Variant Weighs on Sentiment
Source: TCB Consumer confidence fell to a six-month low in August, as the spread of the COVID-19 delta variant dragged sentiment on economic conditions. IYK is up 0.091%, while XLP is up 0.19%. The Conference Board Consumer Confidence Index dropped to 113.8 in August versus 125.1 in July. This is the lowest since February.Growth was recorded in the number of respondents … [Read more...] about Consumer Confidence Slips as Spread of Delta Variant Weighs on Sentiment
