The US private sector added approximately 90,000 jobs in September, according to figures released moments ago by ADP, following the addition of approximately 38,000 jobs in August. This exceeded expectations, which had predicted an increase of 73,000 jobs. Wages also rose by 4.7% year-on-year. In detail, the goods-producing sector lost 31,000 jobs, with the natural resources and mining sector losing...
Figures released this morning, Wednesday, September 30, during the Asian session by the Australian Bureau of Statistics (ABS) showed that consumer price inflation rose to 4% year-on-year in August, compared to a 3.5% increase in July. This was slightly below the expected 4.1%. On a monthly basis, the index rose by 0.4%, compared to a 1.0% increase in July (the...
The Reserve Bank of Australia's Governing Council unanimously voted to raise interest rates by 25 basis points to 4.60% at its meeting this morning, Tuesday, September 29, as expected. This marks the fourth rate hike this year and brings the rate to its highest level since 2011. The bank's policy statement explained that inflation remains elevated and some of the...
The IFO business confidence index in Germany rose in September to 89.9, up from 88.8 in August, exceeding market expectations of 89.1 and marking its highest reading since 2023. The index, which surveys nearly 9,000 German companies, reflects increased optimism among businesses regarding the current situation and improved expectations for the coming months. Specifically, the current situation index rose to...
Data released at the start of the European session on Wednesday, September 23, showed divergent PMI readings for the services and manufacturing sectors in the Eurozone and the UK for September. The Eurozone services PMI rose to a ten-month high of 53.0 in September, compared to 51.6 in August (expected 51.4). In contrast, the manufacturing PMI remained unchanged at 52.7...
The Bank of England, by a majority vote of 6-3, decided to maintain its monetary policy and keep interest rates unchanged at 3.75%, as expected, at its meeting earlier today, Thursday, September 17th. This marks the sixth consecutive meeting where the rate has been kept at 3.75%. Three members voted to raise the rate by 25 basis points. The Bank's...
Data released moments ago by the US Census Bureau shows that US retail sales rose in August, reaching $773.9 billion, a 1.2% increase after a revised 0.6% decline in July. This figure exceeded expectations and represents a 6% year-over-year increase compared to August 2025. Core sales, excluding auto sales, also saw growth of 1.4% in August, compared to a revised...
The ZEW Business Sentiment Index in Germany rose 0.5 points in September, reaching a seven-month high of 34.7, compared to 34.2 in August. This fell short of expectations, which had anticipated a rise to 39.8. The September increase was accompanied by an improvement in the assessment of the current economic situation in Germany, which rose to -47.1, a 14.0-point increase...
The Consumer Price Index (CPI) in Canada grew by approximately 3% year-on-year in August, according to figures released moments ago. This is the same increase as July, remaining unchanged. The core CPI, which excludes gasoline prices, rose to 2.4% year-on-year, compared to 2.2% in July, marking its fourth consecutive monthly increase. On a monthly basis, the index fell by 0.1%...
Data released moments ago by the US Bureau of Labor Statistics showed that the Consumer Price Index (CPI), which measures inflation, rose 0.4% in August after a 0.1% increase in July, matching market expectations. The core CPI, which excludes food and energy prices, rose 0.3% compared to 0.2% in July (expected at 0.2%). Meanwhile, the annual CPI over the past...