Brazilian manufacturing industry’s growth momentum eases in March, PMI index falls to 52.8

Apr 01, 2019 18:49 pm UTC| Commentary

The Brazilian manufacturing industry continued to strengthen in March, although there was a slight easing in growth momentum. The IHS Markit Brazil Manufacturing PMI dropped from Februarys 11-month high of 53.4 to 52.8 in...

U.S. ISM manufacturing index rebounds in March, suggest manufacturing activity remains in growth mode

Apr 01, 2019 18:10 pm UTC| Commentary

The U.S. ISM manufacturing index rebounded in March. The index rose 1.1 points to 55.3, coming in above the consensus expectations of a roughly flat print. Three of the five subcomponents that comprise the headline index...

U.S. construction spending rises above expectations in February

Apr 01, 2019 17:23 pm UTC| Commentary

Construction spending in the U.S. came in above expectations in February, while the data for the prior month was upwardly revised, implying a solid beginning to 2019. Overall spending rose 1 percent sequentially, driven by...

U.S. retail sales rise below expectations in February on sharp upward revisions to January’s print

Apr 01, 2019 16:11 pm UTC| Commentary

U.S. retail sales came in softer than market expectations in February. Nevertheless, it was widely countered by significant upward revisions to Januarys print, which implies that the momentum in the first quarter...

U.K. manufacturing PMI index surprisingly rises in March

Apr 01, 2019 14:11 pm UTC| Commentary

U.K. manufacturing PMI unexpectedly firmed in March, contrast to the expectations of a decline. The headline measure of the survey rose sharply to a thirteen-month high of 55.1, as compared with the expectations of a drop...

Euro area headline inflation and core inflation ease in March

Apr 01, 2019 12:51 pm UTC| Commentary

The European Central Banks hopes of a rise in underlying inflation were disappointed in March. The headline consumer price inflation eased to 1.4 percent in the month from Februarys print of 1.5 percent. The core...

Australian business conditions index rises strongly in March

Apr 01, 2019 11:33 am UTC| Commentary

Australian business conditions recorded a strong growth in March, reversing the fall recorded in February. In March, business conditions index rose to 7, as compared with Februarys 4.2. The details of the report were in...