Share

Usa, still negative data on the economic situation: bad manufacturing and consumer confidence

The latest measurements show a significant deterioration in consumer confidence and manufacturing activity in the Richmond region. The data on real estate is slightly against the trend. Euro recovering close to 1,25.

Usa, still negative data on the economic situation: bad manufacturing and consumer confidence

Data on the American economy continue to show significant signs of slowdown.

Le sales retail of national chains, in the four weeks of June, rose by 0,4% on a monthly level.
The detects it Redbook Research Index, which shows that in the same period sales rose by 2,3% compared to the same period in 2011.

The previous data showed an increase of 0,5%.

Slightly bucking the data regarding real estate: The S&P Case-Shiller index fell 1,9% in April over the same period last year, beating expectations for a broader 2,5% decline. Compared to the previous month, an increase of 0,7% is measured.

But it is the statistics on the Richmond Fed index and on consumer confidence that depress operators' expectations.

The index Fed, in fact, which summarizes the state of health of the sector manufacturing in the Richmond region, it retreats well 8 points, dropping to level -3 compared to an expected +5. The previous figure is +4.

La consumer confidencemoreover, it dropped by 2,4 percentage points, falling to 62,2 points from the 64,4 points of the previous measurement, beating the expectations - negative but not at this level - of analysts, who predicted a drop to 63,5.

In line with the publication of US data in the early afternoon, the Euro regained ground against the US currency, returning close to 1,25.

comments