logo

Economic News

Share SHARE
ConstructionSpending-090115.jpg

Reflecting a jump in spending on private construction, the Commerce Department released a report on Tuesday showing that total U.S. construction spending reached its highest level in seven years in the month of July. Read more...

Brazil's factory downturn continued in August with activity levels reaching their lowest in nearly four years as orders plunged leading to steep job cuts, survey data from Markit Economics showed Tuesday. The purchasing managers' index for the Brazilian manufacturing sector dropped to 45.8 from 47.2... Read more...

The French manufacturing sector contracted more than initially estimated in August, final data from Markit showed Tuesday. The manufacturing Purchasing Managers' Index fell to 48.3 in August from 49.6 in July. This was below the flash score of 48.6 and was the lowest in four months. Production... Read more...

ISM-PMI-090115.jpg

Activity in the U.S. manufacturing sector unexpectedly grew at a slower rate in the month of August, according to a report released by the Institute for Supply Management on Tuesday, with the index of activity in the sector falling to its lowest level in over two years. Read more...

IMF-Lagarde-090115.jpg

Global economic growth is set to moderate and will likely be weaker-than-expected earlier due to sluggish recovery in advanced economies and a further slowdown in emerging economies, International Monetary Fund Managing Director Christine Lagarde said Tuesday. Read more...

ChicagoPMI-083115.jpg

Business activity in the Chicago area unexpectedly grew at a slower rate in the month of August, according to a report released by MNI Indicators on Monday. MNI Indicators said its Chicago business barometer dipped to 54.4 in August from 54.7 in July. Read more...

More
Eurozonejobless-090115.jpg

Eurozone unemployment rate unexpectedly dropped in July to its lowest level in three-and-a-half years, adding to hopes that consumer spending would support growth amid low inflation. The unemployment rate fell to 10.9 percent in July, after holding steady at 11.1 percent in the previous two months, data from Eurostat revealed Tuesday. The figure was expected to remain at the 11.1 percent level f Read more...

Norway's manufacturing activity continued to decline in August, survey data from the Norwegian Association of Purchasing and Logistics (NIMA) and Danske Bank Norway showed Tuesday. The seasonally adjusted Purchasing Managers' Index, or PMI, fell to 43.3 in August from 45.4 in July. Economists had... Read more...

Italy's manufacturing sector growth momentum remained solid during August, though the pace of expansion eased more-than-expected amid slower increases in output and new orders, survey results from Markit Economics and ADACI showed Tuesday. The purchasing managers' index for the factory sector dropped... Read more...

More
Austrailarates-090115.jpg

Australian policymakers judged it appropriate to leave the key interest rate unchanged at a record low for the fourth straight meeting. The Reserve Bank of Australia Policy Board, governed by Glenn Stevens, decided to leave the cash rate at 2.00 percent. The bank had lowered the rates by 25 basis points each in February and May. Read more...

Russia's manufacturing sector contracted for the ninth straight month in August, as new order volume fell amid reports of deterioration in economic climate and weaker ruble, survey data from Markit Economics showed Tuesday. The headline Purchasing Managers' Index for the manufacturing sector dropped... Read more...

China-Manufacturing-Services-090115.jpg

Chinese manufacturers reported the sharpest deterioration in operating condition in more than six years in August and the service sector expanded at the slowest pace in the current 13-month sequence of growth. The manufacturing Purchasing Managers' Index fell to 47.3 in August, which was the lowest reading since March 2009, survey data from Caixin Insight Group and Markit showed Tuesday. Read more...

More

South Africa's manufacturing sector contracted for the first time in four months in August, survey figures from the Bureau of Economic Research showed Tuesday. The seasonally adjusted Barclays Purchasing Managers' Index, or PMI, fell to 48.9 in August from 51.4 in July. A reading below 50 suggests... Read more...

Germany's manufacturing sector registered its fastest growth in 16 months in August, final data from Markit showed Tuesday. The Markit/BME final manufacturing PMI rose to 53.3 in August from 51.8 a month ago. The initial score for August was 53.2. Production expanded at the strongest pace in five... Read more...

Ireland's unemployment rate held steady for the second straight month in August, figures from the Central Statistics Office showed Tuesday. The seasonally adjusted unemployment rate came in at 9.5 percent in August, the same rate as in the previous two months. The figures in both June and July were... Read more...

More

Selling Binge Likely as Global Markets Catch a Cold on Chinese Sneeze

The major U.S. index futures are pointing to a notably lower opening on Tuesday, with sentiment pointing to extreme negativity following the release of lackluster manufacturing data out of China. Chinese growth concerns, which have pushed the markets to the defensive, could intensify, given the ability...
More
Time (et)
Economic Indicator
Period
Actual
Forecast
Previous
Country
Tuesday ,Sep.1
00:00
Monetary Policy Meeting
-
 
 
-
Brazil
00:30
Interest Rate Decision
-
2.00 %
2 %
2.00 %
Australia
02:00
Unemployment Rate
JUL
4.7 %
 
4.7 %
Germany
03:15
PMI Manufacturing
AUG
53.2
 
53.6
Spain
03:30
SVME - Purchasing Manager Index
AUG
52.2
 
48.7
Switzerland
03:50
PMI Manufacturing
AUG F
48.3
 
49.6
France
03:55
PMI Manufacturing
AUG
53.3
53.2
51.8
Germany
04:00
PMI Manufacturing
AUG F
52.3
52.4
52.4
Eurozone
04:30
PMI Manufacturing
AUG
51.5
52.05
51.9
UK
05:00
Unemployment Rate
AUG
10.9 %
11.1 %
11.1 %
Eurozone
08:30
GDP (Q-o-Q)
Q2
-0.1 %
 
-0.2 (R) %
Canada
09:00
PMI Manufacturing
AUG
45.8
 
47.2
Brazil
09:30
PMI Manufacturing
AUG
49.4
 
50.8
Canada
09:45
PMI Manufacturing
AUG F
53.0
52.55
53.8
United States
10:00
ISM Manufacturing New Orders Index
AUG
51.7
 
56.5
United States
10:00
ISM Manufacturing Prices Index
AUG
39.0
 
44.0
United States
10:00
ISM Manufacturing Survey
AUG
51.1
53.02
52.7
United States
10:00
Construction Spending - Total
JUL
0.7 %
0.82 %
0.7 (R) %
United States
14:00
Trade Balance
AUG
$ 2.69 B
 
$ 2.38 B
Brazil
14:00
Exports
AUG
$ 15.48 B
 
$ 18.53 B
Brazil
14:00
Imports
AUG
$ 12.80 B
 
$ 16.15 B
Brazil
21:30
GDP (Q-o-Q)
Q2
 
0.5 %
0.9 %
Australia
21:30
GDP (Y-o-Y)
Q2
 
2.35 %
2.3 %
Australia
More