In German, manufacturing orders recorded fourth consecutive minus in September as it fell by 1.7%. The fall in demand for manufacturing output from outside euro zone caused the figure to drop again. Order from outside eu…
In German, manufacturing orders recorded fourth consecutive minus in September as it fell by 1.7%. The fall in demand for manufacturing output from outside euro zone caused the figure to drop again. Order from outside euro zone were reduced by a seasonally adjusted 11% in September.
The demand from the U.S. and the U.K. is unlikely to have fallen as the economies are in good track, but the dip is attributed by emerging markets. The downward trend of manufacturing data indicates sluggish growth rate in Q3.
"This would be in agreement with our below-of consensus forecast of 1.5% growth in 2016", says Commerzbank in a research note.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
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Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
