The dollar is posting modest gains against all of its major competitors Monday, but is little changed overall. U.S. economic data was mixed this morning, with a better than expected read on personal income, but manufacturing data proved disappointing.
Personal income in the U.S. increased by slightly...
Activity in the U.S. manufacturing sector unexpectedly grew at a slower rate in the month of July, the Institute for Supply Management revealed in a report on Monday. The ISM said its purchasing managers index dipped to 52.7 in July from 53.5 in June.
Construction spending in the U.S. increased by much less than expected in the month of June, according to a report released by the Commerce Department on Monday. The report said construction spending inched up by 0.1 percent to an annual rate of $1.065 trillion in June.
Personal income in the U.S. increased by slightly more than expected in the month of June, according to a report released by the Commerce Department on Monday. The report said personal income rose by 0.4 percent in June, matching the increases seen in each of the two previous months.
The U.K. manufacturing sector growth improved in July but new order growth eased to a 10-month low, casting concerns over the sustainability of future momentum. The Markit/Chartered Institute of Procurement & Supply Purchasing Managers' Index rose to 51.9 in July from a 26-month low of 51.4 in June, data from Markit revealed Monday. It was forecast to rise marginally to 51.5.
The downturn in China's manufacturing sector intensified as renewed declines in orders and production took the latest level of operation to the weakest since July 2013. The Caixin Purchasing Managers' Index dropped to a 2-year low of 47.8 in July from 49.4 in June and the score was below the neutral 50.0 mark for the fifth successive month, results from Markit revealed Monday.
Final Purchasing managers' survey from euro area is due on Monday, headlining a light day for the European economic news.
The dollar pulled back against its major competitors in early trade Friday, but has since reclaimed some of its lost ground. There were a pair of U.S. economic reports released this morning, but the results proved mixed.
After two months of contraction, MNI Indicators released a report on Friday showing...
Consumer sentiment in the U.S. pulled back by more than previously estimated in the month of July, according to a report released by the University of Michigan on Friday. The report said the consumer sentiment index for July was downwardly revised to 93.1 from the mid-month reading of 93.3.
After two months of contraction, MNI Indicators released a report on Friday showing that Chicago-area business activity expanded far more than expected in July. MNI Indicators said its Chicago Business Barometer jumped to 54.7 in July from 49.4 in June.
Eurozone inflation remained stable in July and the unemployment rate held steady at the lowest level seen since early 2012 during June, data from Eurostat showed Friday. Inflation in the currency bloc remained stable at 0.2 percent in July, flash data showed today. Inflation remained in the positive zone for the third straight month and matched economists' expectations.
Inflation and unemployment figures from euro area are due on Friday headlining a busy day for the European economic news.
Final demand producer prices in Australia were up 0.3 percent on quarter in the second quarter of 2015, the Australian Bureau of Statistics said on Friday - following the 0.5 percent increase in Q1.
On a yearly basis, PPI climbed 1.1 percent after gaining 0.7 percent in the three months prior.
Consumer prices in Japan gained 0.4 percent on year in June, the Ministry of Internal Affairs and Communications said on Friday.
That beat expectations for an increase of 0.3 percent, although it slowed from 0.5 percent in May.
On a monthly basis, inflation dipped 0.2 percent.
Industrial production in South Korea was up 2.3 percent on month in June, Statistics Korea said on Friday.
That handily beat expectations for a decline of 0.5 percent following the downwardly revised 1.6 percent contraction in May (originally -1.3 percent).
On a yearly basis, industrial output...