US ISM nonmanufacturing index points to robust service sector activity in August

Sep 03, 2015 15:19 pm UTC| Commentary

The ISM nonmanufacturing index declined to 59.0 in August from 60.3 in July, falling less than (57.5) and the consensus expectation (58.2). It was looked for payback in August from the surge higher reported in July. While...

US initial jobless claims tick higher at end of August

Sep 03, 2015 14:14 pm UTC| Commentary

Initial jobless claims ticked higher, to 282k, in the week ending August 29, modestly above our forecast (275k) and consensus expectations (275k). Along with prior-week initial claims that were revised down just 1k, to...

US trade deficit narrows in July on decline in imports

Sep 03, 2015 14:12 pm UTC| Commentary

The monthly trade deficit narrowed to $41.9bn in July, between forecast ($40.5bn) and consensus expectations ($42.2bn). At the same time, the June deficit was revised wider to $45.2bn from the prior estimate of $43.8bn....

Eurozone economic outlook

Sep 03, 2015 12:51 pm UTC| Commentary

The euro zone recovery appears to be on track. The regions composite PMI continued to trend higher in August, pointing to one of the best periods of economic growth and job creation since 2011, on the back of advances in...

Effect of Fed's rate hike

Sep 03, 2015 12:22 pm UTC| Commentary Central Banks

The time for the first US rate hike is approaching. The market turbulence linked to China points to lift-off later this year than September although September is still a possibility. In the new forecasts, the US Federal...

US economy shows improving momentum

Sep 03, 2015 12:06 pm UTC| Commentary

The US economy is showing signs of improving momentum after a weak start to the year, led by consumer and housing activity. Solid job growth, rising income gains, low gas prices, and pent-up demand should sustain the...

Euro area August final PMIs remain insensitive to global economic worries

Sep 03, 2015 12:01 pm UTC| Commentary

Euro area final composite PMIs were slightly revised up from the flash estimate to 54.3 (+0.2 point), edging up in August to a 51-month high. The minor upward revision was driven equally by the services and manufacturing...