Outlays for U.S. construction projects fell 0.8% in August to a seasonally adjusted annual rate of $961.0 billion, the U.S. Commerce Department reported Wednesday. Economists polled by MarketWatch had expected a 0.5% increase. Looking at private outlays, spending fell 1.4% for nonresidential…
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August construction spending falls 0.8%
Manufacturing (NAPMPMI) cooled in September following the strongest rate of growth in three years as U.S. factories settled into a more sustainable expansion that will spur the economy. While the Institute for Supply Management’s index dropped to 56.6 from 59 in August, the gauge’s average over t…
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Manufacturing in U.S. Cools From Strongest Pace in Three Years
Economic activity in the manufacturing sector expanded in September for the 16th consecutive month, and the overall economy grew for the 64th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Bradley J. Holco…
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September 2014 Manufacturing ISM Report On Business
September data pointed to another positive month for the U.S. manufacturing sector, with strong rates of output and new orders growth underpinning the fastest expansion of payroll numbers for two-and-a-half years. There were again signs of rising price …
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US manufacturing job creation hits two-and-a-half year high
Companies hired 213,000 workers in September as the labor market continued to strengthen, a private report based on payrolls showed. The gains in employment last month followed a revised 202,000 increase in August, according to the ADP Research Institute in Roseland, New Jersey. The median forec…
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Private Payrolls in U.S. Increased by 213,000 in September
Facing the ever-darkening economic prospects in the euro area, Mario Draghi and his peers at the governing council will face another tough time on Thursday as their efforts in leading the bloc out of the darkness of potential stagflation has not yet borne fruit. Still, no big drama is expected this…
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No Drama up Draghi’s Sleeve: 6 Things to Watch
Private sector employment increased by 213,000 jobs from August to September according to the September ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by ADP®, a leading global provider of Human Capital…
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ADP: Private Sector Employment Increased by 213,000 Jobs in September
With the European Central Bank (ECB) set to meet on Thursday, currency strategists are weighing up whether to join a crowded trade and short the euro or whether to go long and get comfortable with what has been described as a “seat on the Titanic.” The common currency – shared by the 18 nations…
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Trading the euro: A seat on the Titanic?
As Europe’s central bankers gather in Naples to discuss the state of the region’s economy, the city stands as a stark warning of just how bad things can get. “If there’s a periphery of the euro zone’s periphery, that’s Naples,” said economist Riccardo Realfonzo, a former councilman of the Southe…
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Draghi Takes ECB to Land of Gomorrah as Naples Prays
A new month and a new quarter should not be capable of changing things up too much. Both forex volume and volatility are not expected to ease off anytime soon as a hint of rate divergence brings with it a lot more opportunities. Hitting the half-way mark of a busy week, one notices that Euro bourses…
Some banks and other financial firms have begun moving staff to back-up premises on the outskirts of Hong Kong to prevent growing unrest in the financial hub from disrupting trading and other critical functions, two business services firms said. Thousands of pro-democracy protesters have blocked …
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Some financial firms moving to back-up sites amid Hong Kong protest fears
The fact that the SNB say they haven’t been into the market selling francs doesn’t mean that they haven’t been getting someone else to do the dirty work. The jungle drums are saying that they’re on the bid again at 1.2050 (as we heard a couple of weeks ago). Take it for what you will. EUR/CHF …
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Chatter that the SNB is unofficially on the bid at 1.2050 again
Italy’s government cut its growth forecast for this year and next and pushed back its structural balanced-budget target by one year as the economy remains in a recession. “The economic outlook has greatly deteriorated,” Finance Minister Pier Carlo Padoan said at a press conference in Rome as he …
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Italy Cuts Growth Forecasts, Delays Balanced-Budget Target
European Central Bank President Mario Draghi is set to push the ECB to buy junk-rated Greek and Cypriot bank loans, a move that may increase tensions between Germany and the bank, the Financial Times reported. The central bank’s executive board will propose that current requirements on the quali…
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Mario Draghi to push ECB to buy Greek, Cypriot ‘junk’ loans
Manufacturing growth in the euro zone slowed further in September as new orders contracted for the first time in over a year on dwindling demand at home and from abroad, a business survey showed on Wednesday. Factories also cut prices last month for the first time since April, while preliminary d…
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Euro zone manufacturing growth slows again as inflation fades
U.K. manufacturing grew at the slowest pace in 17 months in September as growth in new orders almost stalled. Markit Economics said its Purchasing Managers’ Index fell to 51.6 from 52.2 in August, the lowest since April 2013. A measure of new orders dropped to a 19-month low of 50.5, close to th…
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U.K. Factory Growth Weakens as Euro-Area Slump Curbs Demand
Growth of the UK manufacturing sector slowed further in September, as companies reported weaker increases in production, new business and new export orders. Price pressures were also relatively muted, as output charge inflation slowed further and input costs fell for the first time in five mon…
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UK manufacturing PMI at 17-month low
Switzerland’s manufacturing output index fell to its lowest level in nearly a year-and-a-half, data showed Wednesday, indicating demand for the Alpine country’s industrial goods is waning as growth slows in Europe, its main export market. The Swiss Purchasing Managers’ Index slipped to 50.4 po…
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Swiss Factory Output Index Falls in September
The eurozone manufacturing sector slowed closer to stagnation in September, as inflows of new orders contracted for the first time since June 2013. Input costs and selling prices were both lower than in August. The final seasonally adjusted Markit Eurozone Manufacturing PMI® fell to a 14-month…
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Eurozone manufacturing edges closer to stagnation
The final seasonally adjusted Markit/BME Germany Manufacturing Purchasing Managers’ Index ® (PMI ® ) – a single – figure snapshot of the performance of the manufacturing economy – slipped below the neutral 50.0 threshold in September. At 49.9, down from 51.4 in August, the headline …
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German manufacturing stagnates in September as PMI drops to 15 – month low
