U.S. construction spending falls in June

Aug 01, 2018 20:33 pm UTC| Commentary

Construction spending in the U.S. came in considerably below expectations in June, while the data for May was upwardly revised. Total construction spending dropped 1.1 percent sequentially, as compared with a consensus...

U.S. manufacturing PMI index falls in July

Aug 01, 2018 19:50 pm UTC| Commentary

Manufacturing companies in the U.S. hinted at a solid rebound in operating conditions in the month of July, despite the headline PMI index falling to a five-month low. The seasonally adjusted IHS Markit Manufacturing PMI...

U.S. Fed keeps policy interest rates on hold

Aug 01, 2018 18:52 pm UTC| Commentary Central Banks

The U.S. Fed kept its policy interest rates on hold during its meeting today. Todays decision was not unexpected as the Fed had hiked rates six weeks ago. That signified that the only real uncertainty today was whether the...

Czech, Polish manufacturing PMI indices fall in July

Aug 01, 2018 18:14 pm UTC| Commentary

Czech and Polish manufacturing business sentiment hints at some deceleration of economic activity as PMI indices fell to 11-month lows in July. However, both regional indices comfortably hover above the key 50 level and...

Swedish manufacturing PMI index rises in July

Aug 01, 2018 17:57 pm UTC| Commentary

The Swedish manufacturing PMI index rose in July. The index rose to 57.4 from Junes 54.2. The outcome was better than anticipated. The sub-indices rose in the month. Order intake index rose to 57.6, while employment index...

Reserve Bank of India hikes policy repo rate to 6.5 pct, maintains neutral stance

Aug 01, 2018 15:51 pm UTC| Commentary Central Banks

The Reserve Bank of India, today, hiked its policy repo rate to 6.50 percent, as expected, and maintained a neutral stance. According to an ANZ research report, this neutral stance suggests that future policy actions would...

Indonesian headline inflation accelerates in July, BI likely to hike policy rate by 25 bps in August

Aug 01, 2018 14:23 pm UTC| Commentary

Indonesian headline inflation came in line with consensus expectations in July. The consumer price inflation accelerated a bit to 3.18 percent on a year-on-year basis from Junes 3.12 percent. Despite the slight rise on a...