Browsing Tag

Manufacturing

Euro Sinks as German Growth Flatlines

The latest German growth figures showed that economic activity in the Eurozone’s largest economy was flat in the final quarter of 2019. The 0% reading on Friday was below the forecast 0.1% reading. This means that German growth rose by just…

USD Crashes on Manufacturing Miss

The US dollar tanked yesterday as the lSM Manufacturing reading for November came in below expectations. The index printed 48.1 last month, marking a contraction form the prior month’s 48.3 reading. Notably, the reading was also below the…

Further US Data Weakness Sinks USD

The US Dollar was knocked lower again this week as a further bout of data weakness has put a fresh focus on a potential rate cut at the upcoming October FOMC. September's retail sales were heavily disappointing. The headline figure printed…

US PMI to Edge Modestly Higher

Markit will be releasing the forward-looking data this week, in the form of the flash manufacturing PMI for the United States. The preliminary results follow the business activity in the manufacturing sector for the month of July.…