Economic News

House prices in the England and Wales continued to rise at a faster rate in July, latest data from the Land Registry revealed Friday. House prices rose 7.2 percent annually following 6.9 percent increase in June. The latest rise was the biggest since June 2010, when prices climbed 7.7 percent. Month-on-month,... Read more...
Reflecting an upward revision from a preliminary reading, Thomson Reuters and the University of Michigan released a report on Friday showing that consumer sentiment unexpectedly improved in the month of August. The final August reading on the consumer-sentiment index rose to 82.5 from a final July... Read more...
Brazil entered into a recession in the second quarter, data from the statistical office IBGE showed Friday. Gross domestic product shrank 0.6 percent sequentially after contracting by revised 0.2 percent a quarter ago. The economy was expected to shrink by 0.4 percent. This was the second consecutive... Read more...
Manufacturing activity in the Chicago-area rebounded in August, as factories reported increases in new orders. The headline index of the Chicago Purchasing Managers report, an important gauge of manufacturing in the Midwest, jumped to 64.3 in August from July's 52.6. The PMI number exceeded consensus... Read more...
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Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame. Read more...
Consumer spending unexpectedly declined last month, government figures showed on Friday. Meanwhile, incomes rose at a slower pace. Data released by the U.S. Commerce Department showed that personal spending declined 0.1 percent in July. That followed an increase of 0.4 percent in the previous month.... Read more...
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Eurozone inflation slowed as expected in August on falling energy prices giving room for the central bank to support demand and economic recovery without stoking inflation and help the region to create more jobs. The unemployment rate remained unchanged at an elevated level in July. Nonetheless, it was at the lowest since September 2012. Read more...
Latvia's retail sales growth accelerated for the second straight month in July, figures from the Central Statistical Bureau showed Friday. Retail sales rose a calender-adjusted 3.9 percent year-on-year in July, faster than June's 2.8 percent increase. In May, sales rose 2.4 percent. Sale of food... Read more...
Lithuania's second quarter economic growth equaled the pace of expansion in the first three months of the year, revised figures from the statistical office showed Friday. Gross domestic product grew a seasonally-and-working day adjusted 3.1 percent year-on-year, same as in the first quarter. Initially,... Read more...

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India's economy grew faster-than-expected in the three months to June and at the strongest pace in two years, preliminary figures from the Central Statistics Office revealed Friday. Gross domestic product grew 5.7 percent in the April to June quarter, which exceeded economists' forecast for 5.5 percent expansion. The economy grew 4.6 percent in the previous three months. Read more...
Singapore's producer prices continued decline for the third straight month in July, figures from the Department of Statistics showed Friday. The producer price index dropped 4.1 percent year-on-year in July, much faster than 2.1 percent drop in the previous month. In May, prices fell 0.6 percent. Both... Read more...
Japanese automobile production declined in July reversing eleven months of upturn, Japan Automobile Manufacturers Association said Friday. Auto production was down 1.7 percent year-on-year to 894,742 units in July. Domestic sales of automobile dropped 2.5 percent, while exports edged up 0.1 percent... Read more...
Slovenia's economy grew at a faster pace in the second quarter, figures from the Statistical Office Of the Republic Of Slovenia showed Friday. Gross domestic product grew an unadjusted 2.9 percent year-on-year, after a revised 2.1 percent expansion in the first quarter of this year. It was third... Read more...
Italy's consumer prices declined for the first time since 1959, preliminary estimate from the statistical office Istat showed Friday. Consumer prices dropped 0.1 percent annually, offsetting 0.1 percent rise in July. August figure matched economists' expectations and this was the first decline since... Read more...
Slovenia's retail sales rose in July, preliminary figures from the Statistical Office of the Republic of Slovenia showed Friday. Retail sales volume moved up 2.3 percent year-on-year in July. Sales, except automotive fuel, edged up 0.1 percent annually in July. Sale of food, beverages and tobacco... Read more...
Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Friday ,Aug.29
00:00
Capital Account Balance - BoP
JUN
€ 0.52 B
 
€ 0.88 B
Spain
00:00
Current Account Balance - BoP
JUN
€ 0.52 B
€ -1 B
€ -0.58 B
Spain
01:00
Housing Starts (Y-o-Y)
JUL
-14.1 %
-12.5 %
-9.5 %
Japan
02:00
Retail Sales (M-o-M)
JUL
-1.4 %
 
1.0 (R) %
Germany
02:00
Retail Sales (Y-o-Y)
JUL
0.7 %
 
0.1 (R) %
Germany
02:45
PPI (M-o-M)
JUL
-0.3 %
 
0.0 %
France
02:45
PPI (Y-o-Y)
JUL
-0.6 %
 
0.5 %
France
03:00
Retail Sales (Y-o-Y)
JUL
-0.5 %
0.6 %
0.2 %
Spain
03:00
KOF Swiss Leading Indicator
AUG
99.5
97.5
97.9 (R)
Switzerland
05:00
Flash CPI - EU Harmonised (Y-o-Y)
AUG
0.3 %
0.3 %
0.4 %
Eurozone
05:00
Unemployment Rate
JUL
11.5 %
11.72 %
11.5 %
Eurozone
08:00
GDP (Q-o-Q)
Q2
-0.6 %
-0.4 %
0.2 %
Brazil
08:00
GDP (Y-o-Y)
Q2
-0.9 %
-0.2 %
1.9 %
Brazil
08:30
GDP (Q-o-Q)
Q2
0.8 %
2.6 %
0.2 (R) %
Canada
08:30
Industrial Product Price (Y-o-Y)
JUL
2.9 %
 
3.1 (R) %
Canada
08:30
Raw Materials Price Index (Y-o-Y)
JUL
2.2 %
 
9.2 %
Canada
08:30
Core PCE Deflator (M-o-M)
JUL
0.1 %
0.10 %
0.1 %
United States
08:30
Core PCE Deflator (Y-o-Y)
JUL
1.5 %
1.5 %
1.5 %
United States
08:30
Personal Consumption Expenditure Deflator (M-o-M)
JUL
0.1 %
0.1 %
0.2 %
United States
08:30
Personal Spending (M-o-M)
JUL
-0.1 %
0.08 %
0.4 %
United States
08:30
Personal Income (M-o-M)
JUL
0.2 %
0.27 %
0.6 (R) %
United States
09:45
Chicago PMI
AUG
64.3
56.44
52.6
United States
09:55
Univ. of Mich. Consumer Confidence Index
AUG
82.5
80.13
81.8
United States

The major U.S. index futures are pointing to a higher opening on Friday, with sentiment remaining lackluster as traders take a cautious stance, weighing in all the uncertainties. Additionally, the sojourn of the major averages close to either record highs or multi-year highs may push traders to the...