The latest data analysis and forecasts for various economic indicators have been released. Here are some key highlights:
– In Australia, the Manufacturing PMI for July was reported at 47.2, while the Services PMI stood at 51.2.
– Japan’s Manufacturing PMI for July was 50.5, slightly higher than the forecast of 50, and the Services PMI was 49.4.
– Germany’s GfK Consumer Confidence for August was reported at -21.1, better than the forecast of -21.8.
– France’s Manufacturing PMI exceeded expectations at 45.9, and the Services PMI was reported at 49.7.
– Eurozone’s Manufacturing PMI was slightly better than expected at 46.3, and the Services PMI stood at 52.9.
– The UK reported a Manufacturing PMI of 51.1 and a Services PMI of 52.5 for July.
– Canada’s New Housing Price Index for June was 0.10%, below the forecast of 0.20%.
– The US Goods Trade Balance for June was reported at -98.0B, better than the expected -99.4B, and Wholesale Inventories increased by 0.50%.
– The Bank of Canada (BoC) kept its Interest Rate Decision unchanged at 4.50%.
– The US Manufacturing PMI was slightly below expectations at 51.5, while the Services PMI was reported at 54.5.
– New Home Sales in the US for June were higher than anticipated at 643K.
– The US saw a decrease in Crude Oil Inventories by -4.9M.
Overall, the economic data and forecasts provide insights into the performance of various sectors and countries, indicating trends and potential future developments. These indicators are crucial for policymakers, businesses, and investors to make informed decisions based on the latest economic data.