
Happy Wednesday, traders! We went through the Internet and found the best news for you, take a look!
In August, the overall tempo of surge in Canada's manufacturing sector speeded down for the second straight month because slower surge in new business compensated the strongest expansion of production volumes for almost 8 years, as data disclosed on Tuesday.
The IHS Markit Canada Manufacturing Purchasing Managers' index, a gauge of manufacturing business conditions in this country, went down to a seasonally updated reading of 56.8 in August versus July’s result of 56.9. In June, it hit a poll-record maximum of 57.1.
As a rule, a result above 50 hints at surge in the sector.
In August, Canadian manufacturers kept boosting their production volumes in August. A deceleration in new business surge meant that the headline PMI went down to a three-month minimum.
From July’s reading of 56.4 the output index tacked on to its highest value since December 2010 hitting 57.2. Canadian manufacturers pointed to growing customer demand as well as increased operating capacity at their factories.
The new orders index headed south to 55.7, which is a four-month minimum, diving from July’s reading of 57.2 in the face of evidence that heightened business uncertainty as well as global trade tensions affected spending decisions.
Additionally, increased demand in the energy sector assisted to spur export sales, although there were reports that American trade duties had impacted competitiveness in the period.
American duties on Canadian aluminum and steel came true on June 1.
The latest poll informed that aluminum and steel levies increased input costs and also acted as a headwind to export sales in American markets.
Besides this, the output prices index slumped to 61.3 from July’s maximum of 62.8, while the input prices index managed to ascend to its highest value for more than seven years jumping from 71.6 to 73.7.
Happy Wednesday, traders! We went through the Internet and found the best news for you, take a look!
The US Bureau of Labor Statistics will release its Consumer Price Index and many other critical events that will move the market this week!
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.