Economic News

Partly reflecting a sharp increase in orders for non-durable goods, the Commerce Department released a report on Tuesday showing new orders for U.S. manufactured goods jumped more than expected in the month of June. Read more...

Eurozone producer price inflation accelerated in June on higher energy prices, data from Eurostat showed Tuesday. Producer prices increased 10.2 percent on a yearly basis in June, faster than the 9.6 percent growth posted in May but slightly slower than the economists' forecast of 10.3 percent. Excluding... Read more...

Australia central bank left its key interest rate and the yield target for government bonds unchanged, as widely expected, on Tuesday. The policy board of the Reserve Bank of Australia headed by Governor Philip Lowe decided to leave its cash rate unchanged at a record low of 0.10 percent. The... Read more...

A report released by the Commerce Department on Monday showed a modest increase in U.S. construction spending in the month of June. The Commerce Department construction spending crept up by 0.1 percent to an annual rate of $1.552 trillion in June after edging down by 0.2 percent to a revised rate of $1.551 trillion in May. Read more...

The pace of growth in U.S. manufacturing activity unexpectedly slowed in the month of July, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI dipped to 59.5 in July from 60.6 in June. While a reading above 50 still indicates growth in the manufacturing sector, economists had expected the index to inch up to 60.9. Read more...

Revised data released by the University of Michigan on Friday showed consumer sentiment in U.S. decreased by slightly less than initially estimated in the month of July. The report said the consumer sentiment index for July was upwardly revised to 81.2 from a preliminary reading of 80.8 but remains below the June reading of 85.5. Read more...