Partly reflecting a steep drop in spending on residential construction, the Commerce Department released a report on Tuesday showing construction spending in the U.S. unexpectedly decreased in the month of July. The report said construction spending fell by 0.5 percent to an annual rate of $2.158 trillion in July after coming in virtually unchanged at a revised rate of $2.168 trillion in June.

A report released by the Institute for Supply Management on Tuesday showed a modest slowdown in the pace of growth in U.S. manufacturing activity in the month of August. The ISM said its manufacturing PMI dipped to 54.6 in August from 55.6 in July, although a reading above 50 still indicates growth. Economists had expected the index to edge down to 55.2.

The euro area manufacturing sector expanded at the strongest pace since 2022 in August, final data from S&P Global showed on Tuesday. The manufacturing Purchasing Managers' Index hit a 51-month high of 52.7 in August from 51.9 in July. The reading was slightly down from the flash estimate of 52.8. Both factory output and incoming new orders increased at their fastest rates since early-2022.

UK mortgage approvals declined to the lowest since early 2024, while consumer credit reached its highest level since late 2025, the Bank of England said Tuesday. The number of mortgages approved in July declined unexpectedly to 56,053 from 58,215 in June. This was the lowest since January 2024.

Eurozone inflation accelerated to the highest level in nearly three years in August, reinforcing expectations for an interest rate hike at the European Central Bank's meeting next week. Inflation advanced to 3.3 percent in August, as expected, from 2.9 percent in July, flash data from Eurostat revealed Tuesday. The rate was the highest since September 2023, when inflation was 4.4 percent.

UK house price growth accelerated in August despite economic uncertainties, data from the Nationwide Building Society showed Tuesday. House prices grew 1.6 percent on a yearly basis, faster than the 1.4 percent rise in July but weaker than economists' forecast of 2.0 percent. Month-on-month, house prices gained 0.2 percent, in contrast to the 0.1 percent fall in July.

The U.S. Dollar staged a strong comeback during the week ended August 28 amidst hawkish hints from Kevin Warsh at his first speech as Fed Chair at the Jackson Hole symposium.

Germany's inflation accelerated to a four-month high in August on energy prices, flash data from Destatis showed on Monday. Consumer prices rose 2.9 percent year-on-year in August after a 2.8 percent gain in July. A similar higher rate was last seen in April. Prices were expected to climb 3.0 percent. EU harmonized inflation also rose to a four-month high of 2.9 percent from 2.8 percent.

The Japanese yen strengthened against other major currencies in the European session on Monday, as the recent economic data added the possibility that the Bank of Japan (BoJ) will raise its interest rates in September.

Federal Reserve Chairman Kevin Warsh delivered his highly anticipated debut speech as the head of the central bank at the Jackson Hole economic symposium on Friday. As widely expected, Warsh began his remarks by highlighting his aversion to providing "forward guidance," noting his "long-time discomfort with early pronouncements of future policy decisions."

Consumer sentiment in the U.S. deteriorated by slightly less than previously estimated in the month of August, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for August was upwardly revised to 51.7 from a preliminary reading of 51.0.

MNI Indicators released a report on Friday unexpectedly showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer plunged to 47.1 in August from 57.6 in July, with a reading below 50 indicating contraction. Economists had expected the index to rise to 59.0.

The Canadian dollar strengthened against other major currencies in the European session on Friday, as traders await the highly anticipated speech by Federal Reserve (Fed) Chair Kevin Warsh at the Jackson Hole Symposium later in the day.

Eurozone economic confidence improved to a seven-month high in August driven by higher sentiment in industry, services and retail trade, monthly survey data from the European Commission showed Friday. The economic sentiment index registered 98.4 in August, up from 97.1 in July. The score was expected to climb moderately to 97.5. The latest reading was the highest since January.

The French economy stalled in the second quarter as hot summer weighed on agriculture production, making it difficult to achieve the full-year growth target. Flash data showed that consumer price inflation rose to a three-month high in August due to higher energy prices. Gross domestic product remained flat in the second quarter but avoided a recession, revised data from the statistical office I

A report released by the Labor Department on Thursday unexpectedly showed a modest decline in first-time claims for U.S. unemployment benefits in the week ended August 22nd. The Labor Department said initial jobless claims dipped to 203,000, a decrease of 4,000 from the previous week's revised level of 207,000.

German consumer confidence is set to improve in September driven by income expectations and willingness to save, results of the NIM Consumer Climate powered by GfK showed Thursday. The forward-looking consumer sentiment index rose to -26.6 in September from -29.4 in August. The score was seen at -29.6.

The Bank of Korea raised its benchmark rate by a quarter-point for the second straight meeting on Thursday, to prevent broadening of inflationary pressures. The Monetary Policy Board of the Bank of Korea voted 6-1 to raise the base rate by 25 basis points to 3.00 percent. The bank had lifted the rate by a quarter-point at the previous meeting in July.

A report released by the Commerce Department on Wednesday showed the increase in U.S. gross domestic product in the second quarter was unrevised from the initial estimate. The Commerce Department GDP jumped by 1.5 percent in the second quarter, unchanged from the original estimate and in line with economist estimates.

The Commerce Department released a report on Wednesday showing a sharp increase in new orders for U.S. manufactured durable goods in the month of July. The report said durable goods orders shot up by 1.1 percent in July after climbing by 0.5 percent in June. Economists had expected durable goods orders to rise by another 0.5 percent.

Consumer prices in the U.S. increased by slightly more than expected in the month of July, according to a closely watched report released by the Commerce Department on Wednesday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 in July after edging down by 0.1 percent in June. Economists had expected prices to inch up by 0.1 percent.

Australia's consumer price inflation moderated to an eight-month low in July, the Australian Bureau of Statistics said Wednesday. Consumer prices rose 3.5 percent on a yearly basis, following a 3.8 percent rise in June. This was the weakest since last November.

Reflecting a deterioration in consumer expectations, the Conference Board released a report on Tuesday showing a modest decrease in consumer confidence in the month of August. The Conference Board said its consumer confidence index dipped to 89.4 in August from a downwardly revised 90.2 in July.

New home sales in the U.S pulled back sharply in the month of July, according to a report released by the Commerce Department on Tuesday. The Commerce Department said new home sales plummeted by 10.5 percent to an annual rate of 607,000 in July after spiking by 7.6 percent to an upwardly revised rate of 678,000 in June.

German business confidence rose to the highest level in a year in August, indicating the resilience of the economy despite ongoing tensions in the Middle East, low water levels in the main transportation waterways and higher energy prices, survey results from the ifo Institute showed Tuesday. The business climate index rose to 88.8 in August from 86.7 in the previous month.