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US manufacturing PMI contracts

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, as new orders fell the most in ten years.

 

source: tradingeconomics.com

Shocking: UK GDP contracts

Britain's economy shrank 0.2 percent in the second quarter of 2019, compared to forecasts that had pointed to stagnation and following a 0.5 percent growth in the previous three-month period, a preliminary estimate showed. That was the first quarter of contraction since the last quarter of 2012.

 

source: tradingeconomics.com

US GDP beats estimates

The US economy grew by an annualized 2.1 percent in the second quarter of 2019, beating market expectations of 1.8 percent and following a 3.1 percent expansion in the previous three-month period, the advance estimate showed. Household consumption and government spending increased at faster rates, while a slump in exports and a smaller inventory build made a negative contribution to growth.

source: tradingeconomics.com

ADP employment rebounds

Private businesses in the United States hired 102 thousand workers in June 2019, less than an expected 140 thousand and compared to May's upwardly revised 41 thousand.

 

source: tradingeconomics.com

UK manufacturing PMI contracts further

The IHS Markit/CIPS UK Manufacturing PMI fell to 48.0 in June 2019 from 49.4 in the previous month and well below market expectations of 49.2. The latest reading pointed to the steepest contraction in the manufacturing sector since February 2013 as production contracted at the fastest pace since October 2012 and new orders dropped the most for almost seven years, amid high stock levels, ongoing Brexit uncertainty, the economic slowdown and rising competition.

 

source: tradingeconomics.com

US new home sales at four-month low

New Home Sales in the United States decreased to 626 Thousand units in May from 679 Thousand units in April of 2019.

 

source: tradingeconomics.com

US manufacturing PMI near contraction

The IHS Markit US Manufacturing PMI fell to 50.1 in June 2019 from 50.5 in the previous month and below market expectations of 50.4, a flash estimate showed. The latest reading pointed to the weakest expansion in factory activity since September 2009.

source: tradingeconomics.com

NY empire state manufacturing index plunges

The New York Empire State Manufacturing Index in the United States plummeted 26.4 points from the previous month to -8.6 in June 2019, missing market expectations of +10. That was the largest monthly decline on record.

 

source: tradingeconomics.com

Softer US CPI

US annual inflation rate fell to 1.8 percent in May 2019 from 2.0 percent in the previous month, just below forecasts of 1.9 percent.

 

source: tradingeconomics.com

US nonfarm payroll employment drops sharply

Nonfarm payrolls in the US increased by 75 thousand in May 2019, following a downwardly revised 224 thousand rise in April and missing market expectations of 185 thousand.

 

source: tradingeconomics.com