Macro Indicators News Stream

Week Ahead
Next week the second estimate of US Q2 GDP growth will be keenly watched, alongside personal income and outlays, PCE price index, durable goods orders, and pending home sales. Elsewhere, important releases include: UK Gfk consumer confidence and monetary indicators; Eurozone flash inflation, business survey and jobless rate; Germany retail trade, business and consumer morale; Japan consumer confidence, industrial output, and retail sales; China NBS PMI survey; Australia building permits and private sector credit; and Canada and India Q2 GDP growth rates.
Aug 23, 2019 16:51 (GMT)
Fed to Act as Appropriate to Support Growth: Powell
The Federal Reserve will act as appropriate to sustain the expansion with a strong labor market and inflation near its 2 percent objective, Chair Jerome H. Powell said on Friday at the central bank’s annual Jackson Hole symposium. The chairman noted that the US economy continues to perform well, but faces significant risks due to ongoing trade tensions; global economic slowdown, notably in Germany and China; and geopolitical uncertainty, including the growing possibility of a hard Brexit, rising tensions in Hong Kong, and the dissolution of the Italian government.
Aug 23, 2019 14:29 (GMT)
US New Home Sales Tumble in July
Sales of new single-family houses in the United States slumped 12.8 percent from the previous month to a seasonally adjusted annual rate of 635 thousand in July 2019, following an upwardly revised 20.9 percent jump in June and compared to market expectations of a 0.2 percent decrease. That was the biggest monthly decline since July 2013.
Aug 23, 2019 14:10 (GMT)
Mexico GDP Growth Stalls in Q2
Mexico's gross domestic product stalled in the three months to June 2019, after an upwardly revised 0.3 percent contraction in the previous period, and below a preliminary reading of a 0.1 percent expansion, final figures showed. Agricultural output shrank sharply while services activity recovered and industrial output contracted at a slower pace.
Aug 23, 2019 12:06 (GMT)
Mexico Economy Contracts for 1st Time since 2009
The Mexican economy shrank 0.8 percent year-on-year in the second quarter of 2019, compared to a preliminary reading of a 0.7 percent contraction and a 1.2 percent growth in the previous period, matching market expectations. It was the first yearly economic contraction since the last quarter of 2019, mainly due to a decline in industrial activity.
Aug 23, 2019 11:29 (GMT)
Singapore Inflation Rate Slows to 6-Month Low of 0.4% in July
Singapore's annual inflation rate fell to 0.4 percent in July 2019 from 0.6 percent in the previous month and below market expectations of 0.55 percent. That was the lowest inflation rate since January, amid a steeper fall in cost of housing & utilities while food inflation was steady for the third straight month.
Aug 23, 2019 09:08 (GMT)
Japan Inflation Rate Slows to 4-Month Low in July
Japan's consumer price inflation fell to 0.5 percent year-on-year in July 2019 from 0.7 percent in the previous month and in line with market expectations. This was the lowest inflation rate since March, amid a slowdown in food prices and a further fall in cost of transport and communication.
Aug 23, 2019 08:37 (GMT)
US Factory Activity Contracts for 1st Time in a Decade
The IHS Markit US Manufacturing PMI dropped to 49.9 in August 2019 from 50.4 in the previous month and below market expectations of 50.5, a preliminary estimate showed. The latest reading pointed to the first month of contraction in the manufacturing sector since September 2009.
Aug 22, 2019 13:50 (GMT)
US Jobless Claims Fall More than Expected
The number of Americans filling for unemployment benefits decreased by 12 thousand to 209 thousand in the week ended August 17th 2019 from the previous week's revised level of 221 thousand and beating market expectations of 216 thousand.
Aug 22, 2019 12:53 (GMT)
ECB Officials Consider Stimulus Package
ECB policymakers noted that the economic growth was likely to be weaker than initially thought this year and a package of stimulus measures would be more effective in combating the slowdown than a sequence of selective actions, minutes of the July meeting showed.
Aug 22, 2019 12:03 (GMT)
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