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Fri, Jul 04, 2025 13:05German Factory Orders Log Bigger-Than-Expected Fall
Germany's factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders declined for the first time in four months.
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Fri, Jul 04, 2025 12:34UK Construction Sector Contraction Slowest In 6 Months
UK construction activity declined at the slowest pace since the current period of contraction began in January, survey results from S&P Global showed on Friday. The headline construction Purchasing Managers' Index rose to 48.8 in June from 47.9 in May. The expected score was 48.6. Any reading below 50.0 indicates an overall reduction in construction activity.
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Fri, Jul 04, 2025 08:44UK Car Sales Expand On Strong Electric Car Demand: SMMT
UK car sales expanded for the second straight month and marked the best June since 2019 with strong growth in battery electric car demand, data from the Society of Motor Manufacturers & Traders showed on Friday. New car market grew 6.7 percent from a year ago to 191,316 units in June. This was the best June since 2019, helping lift first half performance 3.5 percent above the same period last yea
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Fri, Jul 04, 2025 05:26European Economic News Preview: German Factory Orders Data Due
Factory orders and construction Purchasing Managers' survey from Germany and industrial production from France and Spain are the top economic news due on Friday. At 2.00 am ET, Destatis publishes Germany's industrial orders data for May. Orders are forecast to fall 0.2 percent month-on-month, in contrast to the 0.6 percent increase in April.
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Thu, Jul 03, 2025 15:01U.S. Factory Orders Spike In Line With Estimates In May
New orders for U.S. manufactured goods saw a substantial rebound in the month of May, according to a report released by the Commerce Department on Thursday. The Commerce Department factory orders spiked by 8.2 percent in May after plunging by a revised 3.9 percent in April. The sharp increase matched economist estimates.
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Thu, Jul 03, 2025 14:31U.S. Service Sector Returns To Growth In June
After reporting a slight contraction in U.S. service sector activity in the previous month, the Institute for Supply Management released a report on Thursday showing the service sector returned to growth in the month of June. The ISM said its services PMI rose to 50.8 in June from 49.9 in May, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.
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Thu, Jul 03, 2025 14:13U.S. Trade Deficit Widens In May As Exports Slump
A report released by the Commerce Department on Thursday showed the U.S. trade deficit widened in the month of May amid a steep drop by the value of exports. The Commerce Department said the trade deficit climbed to $71.5 billion in May from a revised $60.3 billion in April. Economists had expected the trade deficit to increase to $71.0 billion.
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Thu, Jul 03, 2025 13:59U.S. Weekly Jobless Claims Unexpectedly Edge Modestly Lower
The Labor Department released a report on Thursday showing an unexpected decrease by first-time claims for U.S. unemployment benefits in the week ended June 28th. The report said initial jobless claims edged down to 233,000, a decrease of 4,000 from the previous week's revised level of 237,000. Economists had expected jobless claims to inch up to 240,000.
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Thu, Jul 03, 2025 13:27U.S. Employment Jumps By 147,000 Jobs In June, More Than Expected
A closely watched report released by the Labor Department on Thursday showed employment in the U.S. increased by more than expected in the month of June. The Labor Department said non-farm payroll employment shot up by 147,000 jobs in June after jumping by an upwardly revised 144,000 jobs in May. Economists had expected employment to climb by 110,000 jobs.
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Thu, Jul 03, 2025 12:18UK Service Sector Growth At 10-Month High
The UK service sector posted its fastest growth in ten months in June underpinned by a renewed improvement in order books, final purchasing managers' survey from S&P Global showed on Thursday. The services business activity index climbed to 52.8 in June from 50.9 in the previous month. This was the highest score since August 2024 and above the initial estimate of 51.3.
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Thu, Jul 03, 2025 11:48Eurozone Private Sector Expands More Than Estimated
The euro area private sector expanded more than previously estimated in June as both manufacturing and services sectors registered higher output, final survey results from S&P Global showed on Thursday. The HCOB final composite output index advanced to 50.6 in June from 50.2 in May. The reading was well above the flash estimate of 50.2.
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Thu, Jul 03, 2025 11:31Pound Rises As U.K. Political Turmoil Slide
The British pound strengthened against other major currencies in the European session on Thursday, after plans to reduce welfare expenditures were abandoned by the government.
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Thu, Jul 03, 2025 06:48China Services Activity Logs Softest Growth In 9 Months
China's services activity expanded at the slowest pace in nine months in June on falling export business, survey data from S&P Global showed on Thursday. The Caixin services Purchasing Managers' Index registered 50.6 in June, down from 51.1 in May. The score has remained above the 50.0 threshold for the thirtieth consecutive month and the reading signaled the softest rise since last September.
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Thu, Jul 03, 2025 05:37European Economic News Preview: Eurozone Final Composite PMI Data Due
Final composite Purchasing Managers' survey results from the euro area and the UK are due on Thursday. At 2.30 am ET, consumer prices figures are due from Switzerland. At 3.15 am ET, S&P Global publishes Spain services PMI survey results. The services PMI is expected to fall to 51.1 in June from 51.3 in the previous month.
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Wed, Jul 02, 2025 16:22U.S. Private Sector Employment Unexpectedly Dips By 33,000 Jobs In June
Private sector employment in the U.S. unexpectedly decreased in the month of June, according to a report released by payroll processor ADP on Wednesday.
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Wed, Jul 02, 2025 11:56Yen Falls Amid Risk-on Mood
The Japanese yen weakened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors pondered the prospect of Federal Reserve rate cuts and hoped for a positive resolution on trade discussions ahead of completion of 90-day tariff pause on July 9.
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Tue, Jul 01, 2025 19:42German Unemployment Climbs Less Than Expected In June
Joblessness in Germany rose in June but at a slower than expected pace, official figures revealed on Tuesday, as activity in the biggest economy in the euro area remains sluggish.
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Tue, Jul 01, 2025 14:48U.S. Construction Spending Dips Slightly More Than Expected In May
Construction spending in the U.S. decreased by slightly more than expected in the month of May, according to a report released by the Commerce Department on Tuesday.
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Tue, Jul 01, 2025 14:29U.S. Manufacturing Index Inches Higher But Still Indicates Contraction In June
The Institute for Supply Management released a report on Tuesday showing a modest increase by its reading on U.S. manufacturing activity in the month of June.
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Tue, Jul 01, 2025 12:46Eurozone Inflation Hits ECB Target
Euro area inflation rose slightly to hit the European Central Bank's 2 percent target in June on slower fall in energy prices and the rise in services inflation, flash estimate from Eurostat showed on Tuesday. Annual inflation climbed to 2.0 percent in June from 1.9 percent in May. The rate reached the inflation target and also matched economists' expectations.
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Tue, Jul 01, 2025 12:11Eurozone Manufacturing Sector Contraction Slows In June
Eurozone manufacturing activity contracted at a slower pace in June as output showed a sustained expansion and total new work stabilized ending a 37-month period of decline, final survey data from S&P Global showed on Tuesday. The HCOB manufacturing Purchasing Managers' Index posted 49.5 in June, up from 49.4 in May. This was the highest score since August 2022.
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Tue, Jul 01, 2025 11:38Yen Rises As Japan Tankan Data Adds To BOJ Rate-Hike Prospects
The Japanese yen strengthened against other major currencies in the European session on Tuesday, following the Bank of Japan's Tankan survey indicating that business sentiment among major Japanese firms has improved slightly, which increased the likelihood of additional rate hikes by the Japanese central bank.
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Tue, Jul 01, 2025 09:15China Manufacturing Activity Returns To Growth
China's manufacturing sector returned to growth in June on higher new orders and a renewed rise in production, survey data from S&P Global showed on Tuesday. The Caixin manufacturing Purchasing Managers' Index rose to 50.4 in June from 48.3 in May. A reading above 50.0 indicates expansion. The survey showed that the growth was driven by a renewed expansion in manufacturing output.
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Tue, Jul 01, 2025 07:50U.S. Dollar Extends Fall As Trump's Tax Bill And Tariffs Weigh
The U.S. dollar continued to trade lower against other major currencies in the Asian session on Tuesday, as markets anticipated a vote on U.S. President Donald Trump's historic tax and spending bill.
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Tue, Jul 01, 2025 07:03UK House Price Inflation Softens In June
UK house prices logged a slower growth in June reflecting weaker demand after the increase in stamp duty at the start of April, data from the Nationwide Building Society showed on Tuesday. House prices advanced 2.1 percent year-on-year in June, slower than the 3.5 percent increase seen in May. House price growth was expected to moderate to 3.3 percent.