UK construction output dropped more than expected in June

UK construction output dropped more than expected in June Construction output in the UK dropped 2.20% on a YoY basis in June, higher than market expectations for a drop of 2.10%. In the prior month, construction output had dropped by a revised 1.60%. British construction output fell roughly as much as expected in June, according […]

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Eurozone industrial production advanced more than expected in June

Eurozone industrial production advanced more than expected in June The seasonally adjusted industrial production climbed 0.60% on a monthly basis in June, in the Eurozone, higher than market expectations for an advance of 0.50%. In the prior month, industrial production had recorded a drop of 1.20%. Industrial output in the 19 countries sharing the euro […]

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Eurozone GDP advanced as expected in 2Q 2016

Eurozone GDP advanced as expected in 2Q 2016 On a QoQ basis in 2Q 2016, the seasonally adjusted second estimate of gross domestic product (GDP) advanced 0.30% in the Eurozone, compared to a rise of 0.60% in the prior quarter. Market expectation was for GDP to rise 0.30%. The preliminary figures had also recorded an […]

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German consumer price index rose as expected in July

German consumer price index rose as expected in July The final consumer price index in Germany rose 0.30% in July on a monthly basis, meeting market expectations. The preliminary figures had also recorded a rise of 0.30%. The consumer price index had registered a rise of 0.10% in the prior month. Germany’s consumer price index […]

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German GDP advanced more than expected in 2Q 2016

German GDP advanced more than expected in 2Q 2016 On a QoQ basis, the seasonally adjusted flash gross domestic product (GDP) climbed 0.40% in 2Q 2016, in Germany, higher than market expectations for an advance of 0.20%. GDP had advanced 0.70% in the prior quarter.   The German economy advanced a seasonally-adjusted 0.4 percent in […]

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Chinese industrial production climbed less than expected in July

Chinese industrial production climbed less than expected in July On an annual basis, industrial production in China climbed 6.00% in July, compared to a rise of 6.20% in the previous month. Market expectation was for industrial production to advance 6.20%.   China’s economy resumed its grind toward slower growth in April, weighed down by overcapacity […]

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Chinese retail sales rose less than expected in July

Chinese retail sales rose less than expected in July On an annual basis, retail sales climbed 10.20% in July, in China, less than market expectations for an advance of 10.50%. In the prior month, retail sales had climbed 10.60%. ; Retail sales in China rose 10.2 percent year-on-year in July of 2016, compared to a […]

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Traders hesitant to direct the Greenback With the USD Index stuck between technical levels and volatility lower, it suggests trading could be choppy for EURUSD and USDCHF in the foreseeable future.

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Yuan free float seen a decade away as China keeps strict control

Yuan free float seen a decade away as China keeps strict control Miles to go and promises to keep. The words of the Robert Frost classic ring true for China’s foreign-exchange reforms, with every economist, strategist and analyst interviewed by Bloomberg saying the yuan isn’t anywhere close to being fully convertible even as it prepares […]

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