Prior was 63.8 Current conditions 65.7 vs 69.5 expected (70.6 prior) Expectations 56.9 vs 59.5 expected (66.0 prior) 1-year inflation 4.4% vs 4.2% prior 5-10 year 3.2% vs 3.0% prior This survey is more about gasoline prices and the political mood than anything else. That said, the Fed cares about it and seeing the jump
Prior was 50.2 Composite 50.7 vs 51.0 prelim Prior composite 50.2 business confidence rose to the strongest in four months, Input prices and output charges increased at the weakest rates in three years New orders fell for the third month running, albeit at only a slight pace The ISM services sector survey is due at
Prior was 71.6 Current conditions 77.4 vs 76.9 expected (76.6 prior) Expectations 67.3 vs 68.1 expected (68.3 prior) 1-year inflation 3.3% vs 3.4% prior 5-10 year 2.9% vs 3.0% prior I don’t have much use for this survey. It was pointing to a severe drop in consumer spending late last year and the consumer has
Prior was 46.3 Despite a sharp fall in backlogs of work as new orders dropped, companies expanded employment at a faster rate amid greater confidence in the outlook for output. New export orders fell for the fourteenth month running There was no change from the preliminary reading. The ISM number at the top of the
It’s a mild revision higher to the initial estimate but it still marks a seven-month low for the UK manufacturing PMI. Output and new orders are both seen falling at faster rates as demand conditions falter. HCOB notes that: “July saw a deepening of the UK’s manufacturing downturn. Output fell at the quickest pace since