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The Italian economy contributes about 3.0% toward global gross domestic product, and the manufacturing sector accounts for 15% of the country’s economy.
The US economy contributes about 25.4% toward global gross domestic product, and the manufacturing sector accounts for one-tenth of the country’s economy.
With increasing home prices, builders might increase the home supply. Due to lower mortgage rates, more customers could be attracted to the housing sector.
The manufacturing sector in Japan accounts for ~19% of the country’s GDP. According to Markit, Japan’s flash manufacturing PMI fell by 0.2 points in January.
With the reading above neutral, the Eurozone continued its upturn in business activity. Though at a 12-month low, the services PMI rose to 53.6 in January
With Russia’s falling trade surplus, the iShares MSCI Russia Capped ETF and the Direxion Daily Russia Bull 3X ETF have fallen 16.6% and 60.9%, respectively.
According to the Economic and Social Research Institute, Japan’s consumer confidence index rose by 0.1 points to 42.7 in December—compared to 42.6 in November.
According to the National Institute of Statistics (Istat), Italy’s December inflation rate is expected to remain unchanged at 0.1% on a year-over-year (or YoY) basis.
According to Germany’s Federal Statistical Office (Destatis), Germany’s December inflation rate is expected to come in at 0.3% on a YoY (year-over-year) basis as compared to 0.4% in November 2015.
Manufacturing activity accounts for ~18% of Mexico’s GDP. Mexico’s manufacturing PMI declined by 0.6 points to 52.4 in December, compared to 53.0 in November 2015.
China accounts for ~8.4% of the global GDP, and manufacturing activity contributes about 31% to China’s GDP. The Caixin China manufacturing PMI declined 0.4 points to 48.2 in December.
Brazil accounts for ~2.1% of the world’s GDP, and its manufacturing activity accounts for ~11% of Brazil’s GDP. Brazil’s manufacturing PMI increased by 1.8 points to 45.6 in December.
With a sharp fall in new orders, the Chicago PMI (purchasing managers’ Index) fell 5.8 points to 42.9 in December, as compared to 48.7 in November 2015.
South Africa recorded a trade surplus of 1.8 billion zar in November. This compares to an upwardly revised trade deficit of 21.6 billion zar in October 2015.
Of all the top holdings of XLI, except for UTX, the 20-day moving averages are crossing over the 100-day moving averages. This is considered a bullish crossover.
According to Markit, Russia’s manufacturing PMI (purchasing managers’ index) declined by 1.4 points and came in at 48.7 in December, as compared to 50.1 in November 2015.
According to the ISTAT (Italian National Institute of Statistics), Italy’s consumer confidence fell to 117.6 in December—compared to 118.4 in November 2015.
According to Japan’s Ministry of Internal Affairs & Communications, the unemployment rate rose to 3.3% in November 2015, as compared to 3.1% in October 2015 and 3.5% in November 2014.
With an increase in food prices by 2.9%, Japan’s CPI remained relatively unchanged on a YoY basis in November, recording the same increase of 0.3% seen in October 2015.
Like Brazil (EWZ), Russia (RUSL) (ERUS) is also struggling with high inflationary pressure. For the September quarter, Russian GDP (gross domestic product) fell 0.57%.
The US economy contributes about 25.2% towards global GDP. In 3Q15, the US economy grew at an annualized rate of 2.1% due to an increase in consumer spending.
According to the National Association of Home Builders (or NAHB), the housing market index fell by a single point to reach a level of 61.0 in December.
The Fed provided easy access to finance in the economy. It improved the consumer sentiment and spending habits. It stimulated economic growth in the US.
India manufacturing PMI fell to 50.3 in November India accounts for about 2.5% of the world’s GDP, and manufacturing activity accounts for ~17% of India’s GDP. According to Markit, the Nikkei India manufacturing index declined by 0.4 points to 50.3 in November, compared to 50.7 in October 2015. Although manufacturing was down, India’s GDP rose to […]
Russia accounts for about 1.8% of the world’s GDP, and manufacturing activity accounts for ~15% of Russia’s GDP. Russia’s manufacturing PMI declined slightly to 50.1 in November, compared to 50.2 in October.
The US manufacturing PMI fell to 52.8 in November, a decline of 1.3 points from October’s reading of 54.1. This is one of the weakest readings since October 2013.
According to J.P.Morgan and Markit, the global manufacturing purchasing manufacturers’ index fell slightly to 51.2 in November, compared to 51.3 in October.
According to Japan’s Ministry of Economy, Trade and Industry, retail sales rose 1.8% YoY (year-over-year) in October, as compared to the downwardly revised 0.1% decline in September 2015.
On a yearly basis, GDP growth in 3Q15 for Spain stands at 3.4% compared to 3.2% in the previous quarter. GDP growth was mainly attributed to an increase in domestic demand.
According to the National Institute of Statistics (or ISTAT), Italy’s goods and services surplus rose to 2.2 billion euros in September 2015 compared to 2.0 billion euros a year ago.
According to the Empire State Manufacturing Survey, business activity improved to -10.74 points in November, compared to -11.36 points in October 2015.
This is the second consecutive quarter in which Japan economy has contracted. The aging population has been a major problem faced by the Japanese economy.
According to the National Bureau of Statistics of China, industrial production in China rose 5.6% in October compared to 5.7% in September. The reading was below market expectations of 5.8%.
The increase in China’s retail sales was mainly due to an increase of 36.6% in sales of communication appliances, followed by increases in building materials, office supplies, and furniture.
Though consumer sentiment remains low, the First Trust Consumer Discretionary AlphaDEX ETF (FXD) has gained 0.79% in the past week as of November 5, 2015.
With an easing in the service sector, Spain’s unemployment rose by 82.3 thousand in October against a rise of 26.1 thousand in September. This is the highest since October 2013.
Despite declining wages and salaries, personal income increased by 0.1%, or $18.6 billion, in September. Decreases in industrial demand have kept wages low.
Employment figures are crucial for any economy. According to the U.S. Department of Labor, initial jobless claims were 260,000 for the week ended October 24, an increase of 1,000 from the prior week.
Consumer spending saw positive contributions to economic growth in 3Q15. An increase in consumer spending led to an increase in GDP for the third quarter.
With manufacturing and services both recording growth in October, France’s composite output flash index rose to 52.3 in October compared to 51.9 in September.
According to the National Bureau of Statistics of China, retail sales reached 2,527.1 billion yuan, up by 10.9% in September as against 10.8% in August 2015.
According to the National Association of Home Builders (or NAHB), the housing market index (or HMI) rose to 64 in October as compared to 61 in September 2015.
According to the Federal State Statistics Service, Russia’s industrial production index (IIP) fell to 3.7% in September, compared to a fall of 4.3% in August 2015, YoY.
According to the US Department of Labor, initial jobless claims stood at 255,000 for the week ended October 10, a fall of 7,000 from the prior week’s revised level.
According to the Office for National Statistics, the unemployment rate in the UK dropped to 5.4% in the three months to August 2015 from 5.5% in the prior period.
A week after the implementation of a regulatory change, mortgage applications fell 27.6% for the week ending October 9 as against an increase of 25.5% in the previous week.
