The report released moments ago by the US Bureau of Labor Statistics showed that total non-farm payrolls (NFP) increased by 162,000 in August, compared to a loss of 23,000 jobs in July. This exceeded expectations of a 55,000 increase. Meanwhile, the unemployment rate remained stable at 4.1% in August, while the labor force participation rate rose to 61.6% from 61.4%....
The US private sector added approximately 38,000 jobs in August, according to figures released moments ago by ADP, following a gain of around 44,000 jobs in July. This fell short of expectations, which had anticipated an increase of 47,000 jobs. Wages, however, rose by 4.7% year-over-year. In detail, the goods-producing sector lost 10,000 jobs, with the natural resources and mining...
The Reserve Bank of New Zealand's Monetary Policy Committee (RBNZ) decided to raise the official cash rate (OCR) by 25 basis points to 2.75% at its meeting this morning, Wednesday, September 2nd, as expected, with all six members agreeing. This marks the second consecutive rate hike since May 2023. The statement issued by the bank indicated that inflation rose to...
Eurostat, the European Union's statistical office, released figures moments ago showing that annual inflation in the Eurozone rose to 3.3% in August, according to the preliminary reading, compared to 2.9% in July, matching market expectations. The largest contributor to inflation in August was the energy sector, which jumped 14.3% after growing 10.3% in July. Services rose 3.0% from 3.3% in...
Canada's gross domestic product (GDP) grew by 0.3% in June, according to data released moments ago by Statistics Canada. This marks the third consecutive month of growth and matches May's reading, exceeding expectations (0.2%). The growth was driven by strength in the services sector. Specifically, the services sector grew by 0.4%, fueled by growth in wholesale and retail trade and...
New orders for durable goods rose in June, according to a report released moments ago by the US Census Bureau. The increase reached $339.3 billion, a 1.1% rise compared to the 0.5% growth in June, while expectations were for a 0.4% increase. Core orders, excluding transportation, rose 0.4% in June, compared to a 0.7% increase in June (expectations were for...
Figures released this morning, Wednesday, August 26, during the Asian session by the Australian Bureau of Statistics (ABS) showed that consumer price inflation rose to 3.5% year-on-year in July, compared to a 3.8% increase in June. This was slightly below expectations of a 3.73% rise. The index also rose by 1% month-on-month, compared to a 0.1% decrease in June (expectations...
The IFO business confidence index in Germany rose in August to 88.8, up from 86.7 in June, exceeding market expectations of 87.2 and marking its best reading since August of last year. 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...
UK retail sales fell by 0.5% in July, compared to a rise of approximately 0.7% in June, matching market expectations. However, sales in the three months to July rose by 1.1%, supported by increased sales in non-traditional stores. Specifically, retail sales excluding automotive fuel fell by 0.9% in July, while sales in non-food stores rose by 0.3%. Sales in household...
Australian unemployment rose in July to its highest level in five years, reaching 4.5%, according to figures released by the Australian Bureau of Statistics (ABS) at the start of Asian trading on Thursday, August 20. This figure exceeded market expectations, coinciding with a decline in the labor force participation rate to 66.9% from 67%, while working hours fell by 0.6%....