The dollar is currently turning in a mixed performance Wednesday afternoon and is overall little changed on the day. The release of the Beige Book this afternoon has had no noticeable impact on the currency. Investors appear hesitant to take positions ahead of the release of the jobs report at the end...
Partly reflecting a decrease in orders for non-durable goods, the Commerce Department released a report on Wednesday showing that new orders for U.S. manufactured goods rose much less than expected in the month of July.
Labor productivity in the U.S. jumped by much more than previously estimated in the second quarter, the Labor Department revealed in a report on Wednesday. The report said labor productivity surged up by 3.3 percent in the second quarter.
Employment in the U.S. private sector saw a notable increase in the month of August, according to a report released by payroll processor ADP on Wednesday, although the pace of job growth fell short of economist estimates.
British construction sector sustained its robust growth in August, albeit at a slower pace, with continued boost from the housing sector and new impetus from the commercial sector. The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers' Index rose to 57.3 from 57.1 in July, survey results from the Chartered Institute of Procurement and Supply and Markit Economics revealed.
Recent volatility in global financial markets demonstrated how much Asia is at the core of the global economy and there is reason for continued confidence in the region as the region's governments fully understand from past experience how to tackle such problems, International Monetary Fund Managing Director Christine Lagarde said Wednesday.
Australia's gross domestic product gained a seasonally adjusted 2.0 percent on year in the second quarter or 2015, the Australian Bureau of Statistics said on Wednesday.
That was shy of forecasts for an increase of 2.2 percent and down from 2.3 percent in the first quarter.
On a quarterly basis,...
The dollar is currently turning in a mixed performance Tuesday afternoon, rising against the pound sterling, but falling against the Euro and the Japanese Yen. U.S. economic data was also mixed this morning, with an unexpected decrease in the ISM manufacturing index, but a larger than expected increase...
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.
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.
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
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.
British manufacturing expansion slowed in August, defying expectations for a modest improvement, survey figures from the Chartered Institute of Procurement & Supply and Markit Economics showed Tuesday. The purchasing managers' index fell to 51.5 from 51.9 in July. Economists had expected a score of 52. A PMI reading above 50 suggests expanding activity.
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.
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.