USA • Retail sales fell 1.1% in July, more than the 0.3% drop expected by consensus. The negative surprise was only partially compensated by an upward revision to the prior month’s result from +0.6% to +0.7% • The employment report for July and healthy revisions to prior months marked a strong step toward the Fed's [...]
USA • According to the Job Openings and Labor Turnover Survey, the number of available jobs to be filled totaled 10.07 million as at the last business day of June, a new record high, up 590K from an upwardly revised 9.48 million in May. Job openings were up in all industries but manufacturing, with trade [...]
USA • The ISM manufacturing index for July came in slightly below expectations at 59.5, the first sub-60 headline reading since January. Below the headline, there was some indication that supply and demand were coming back into balance. Supplier deliveries fell to a five-month low of 72.5, as the pace of new orders eased 1.1 [...]
