On August 2, 2024, various economic data and forecasts were released for different countries around the world. Let’s take a closer look at the key indicators:
1. Japan’s Monetary Base Year over Year (YoY) for July was reported at 1.00%, surpassing the forecast of 0.90% and the previous figure of 0.60%.
2. Australia’s Producer Price Index (PPI) Quarter over Quarter (Q2) came in at 1.00%, meeting the forecast of 1.00% and exceeding the previous value of 0.90%. The PPI Year over Year (YoY) for Q2 stood at 4.80%, higher than the previous figure of 4.30%.
3. Switzerland reported a Consumer Price Index (CPI) Month over Month (MoM) for July at -0.20%, below the forecast of 0.00%. The CPI Year over Year (YoY) for July remained steady at 1.30%.
4. France’s Industrial Output MoM for June was 0.90%, a positive surprise compared to the forecast of -2.10%.
5. Switzerland’s Manufacturing Purchasing Managers’ Index (PMI) for July was 44.6, higher than the previous value of 43.9.
6. Italy reported that Industrial Output MoM for June was -0.20%, missing the forecast of 0.50%. Meanwhile, Retail Sales MoM for June came in at 0.20%, below the forecast of 0.40%.
7. In the United States, the Nonfarm Payrolls for July were reported at 176K, below the forecast of 206K. The Unemployment Rate for July remained unchanged at 4.10%. Additionally, Average Hourly Earnings MoM for July matched the forecast of 0.30%. Lastly, Factory Orders MoM for June were reported at 0.50%, surpassing the previous figure of -0.50%.
These economic indicators provide insights into the performance and trends of different economies, helping analysts and investors make informed decisions. It is crucial to monitor these data points as they can have a significant impact on financial markets and overall economic stability.