Chinese manufacturing activity unexpectedly grows in August- Caixin PMI

[ad_1]– Chinese factory activity unexpectedly grew in August, a private survey showed on Friday, as manufacturers benefited from an uptick in new orders on improving local demand. The (PMI) read 51.0 for August, much higher than expectations for a reading of 49.3, as well as last month’s reading of 49.2. A reading above 50 … Read more

U.S. annual inflation ticks higher in July; jobless claims decline in latest week

[ad_1] — The pace of annual inflation in the U.S. accelerated last month, while jobless claims declined, bolstering predictions that the Federal Reserve may keep interest rates on hold at its next policy meeting in September. The Commerce Department’s (PCE) index rose by 3.3% in the 12 months through July, meeting estimates. The figure … Read more

China manufacturing PMI inches closer to expansion in August

[ad_1]– Chinese manufacturing activity shrank at a slower-than-expected pace in August, data showed on Thursday, as recent stimulus measures from the government appeared to be bearing some fruit in supporting economic activity.  The official (PMI) read 49.7 in August, data from the National Bureau of Statistics showed. The reading was more than expectations of … Read more

U.S. private payrolls rise by 177,000 in August – ADP

[ad_1] — U.S. rose by less than expected in August, in the latest sign of a slowdown in the U.S. labor market that could bolster the case for the Federal Reserve to leave interest rates steady at its next policy meeting. The ADP (NASDAQ:) National Employment report on Wednesday showed that private payrolls increased by … Read more

Australia CPI inflation eases more than expected in July

[ad_1]– Australian consumer price index inflation eased more than expected in July, falling further from 30-year peaks as a series of sharp interest rate hikes by the Reserve Bank appeared to be working as intended.   rose 4.9% in the 12 months to July, data from the Australian Bureau of Statistics (ABS) showed on … Read more

U.S. job openings fall to 8.8 million in July – JOLTS report

[ad_1] — U.S. dropped to their lowest level in more than two years in July, but remain relatively elevated, potentially prompting Federal Reserve officials to keep interest rates higher for longer to help loosen a tight labor market. Highlighting the resilient market conditions, layoffs were little changed at 1.6 million during the month, suggesting … Read more

Australia retail sales rise more than expected in July

[ad_1]– Australian retail sales grew more than expected in July, data showed on Monday, as consumer spending recovered after an unexpected drop in the prior month, although sales appeared to have largely stagnated amid high inflation.  grew 0.5% in July from the prior month, data from the Australian Bureau of Statistics (ABS) showed. The … Read more