ECI

US manufacturing is slowing modestly; Excess stocks are a major concern

The manufacturing index fell to 52.8 in July from 53.0 in June Contract new orders, improve supplier deliveries slowing increases in input prices; Accumulation of stocks WASHINGTON (Reuters) – U.S. manufacturing activity slowed less-than-expected in July, and there were signs that supply constraints were easing, with a measure of prices paid for inputs from factories …

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Australia house prices fall, Sydney suffers worst month in 40 years

FILE PHOTO – Real estate can be seen in the Sydney suburb of Clovelly, Australia on July 19, 2015. REUTERS/David Gray Register now to get free unlimited access to Reuters.com Register SYDNEY (Reuters) – Australian home prices fell for a third month in July and accelerated as Sydney suffered its worst fall in nearly 40 …

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Factory activity in China unexpectedly shrinks in July with the outbreak of COVID

Employees work on a vehicle components production line during a government-organized media tour to a plant of German engineering group Voith, following the outbreak of the coronavirus disease (COVID-19), in Shanghai, China, July 21, 2022. REUTERS/Ali Song Register now to get free unlimited access to Reuters.com Register China’s official manufacturing PMI for July missed expectations …

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The Fed’s aggressive rate hike path bolstered by new inflation and wages data

July 29 (Reuters) – Federal Reserve Chairman Jerome Powell said this week that he is looking for convincing signs that inflation is abating before the U.S. central bank gives up its steepest set of interest rate hikes in decades. In data released on Friday, he got largely the opposite. Inflation according to the Fed’s preferred …

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Australian inflation has accelerated to a 21-year high, peak still to come

Q2 CPI rose 1.8% qoq, 6.1% y/y slightly below expectations Core inflation up 4.9% y/y versus RBA target of 2-3% RBA sees 50 basis points higher next week, lower chance of 75 points per second SYDNEY (Reuters) – Australian inflation accelerated to a 21-year high in the last quarter and is likely to accelerate further …

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