US: Markit Manufacturing PMI (July): 63.1 vs 62 expected (prior: 62.1)
- Business sentiment in manufacturing has increased further on improving orders and export, but also on longer supply delivery, pointing towards still existing bottlenecks and shortages.
- Employment has increased, and prices remained on the rise.
US: Markit Services PMI (July): 59.8 vs 64.5 expected (prior: 64.6)
- Contrary to expectations, sentiment has declined for the second month in services; momentum has weakened in demand due to higher prices and shortages in stocks; employment was on the rise and costs remained on an upward trend.
Eurozone: PMI Manufacturing (July): 62.6 vs 62.5 expected (prior: 63.4)
- The preliminary business confidence index was slightly lower than past month and quite in line with expectations; this reflected existing constrains on supply chain and transport despite improving production, orders and exports. Prices remained on the rise.
- The flash German index was stable from the prior month, while the French index has slightly eased.
Eurozone: PMI Services (July): 60.4 vs 59.3 expected (prior: 58.3)
- Flash index has increased from the prior month and was better than expected; while the flash index has increased in Germany, it has weakened in France.
- While eurozone will continue to benefit from reopening, renewed local restrictions and uncertainties should lead to more volatile and moderating index in the coming months.
UK: GFK consumer confidence (July): -7 vs -8 expected (prior: -9)
- Confidence has improved further, but consumers looked cautious on future global and personal situation.
UK: Retail sales (June): 0.5% m/m vs -0.1% expected (prior: -1.3% revised from -1.4%)
- Sales were mainly driven by fuels and food, while they were moderate or have declined on a monthly basis in other sectors.
UK: PMI Manufacturing (July): 60.4 vs 62.4 expected (prior: 63.9)
- Confidence has declined from the prior month. While exports have rebounded, constrains have weighed down on production due to supply chain shortage and Brexit, despite firm demand. Output prices were on the rise, while input prices have moderated.
UK: PMI Services (July): 57.8 vs 62 expected (prior: 62.4)
- Flash estimate has pointed for second month decline in confidence after strong rebound in May.
- Covid restrictions, end of stamp duty holiday in housing and slower job creations have driven the decrease of the index.
Poland: Unemployment rate (June): 5.9% vs 6% expected (prior: 6.1%)
- Unemployment has declined from the highs seen in Jan.21, with unemployment ratio at 6.5%.
Brazil: CPI (July): 0.72% m/m vs 0.65% expected (prior: 0.83%)
- Monthly change remained sustained due to monthly rises in housing, household goods, and transport-energy sectors.
- Yearly trend has accelerated further from 8.13% y/y the prior month to 8.59% y/y.
Russia: Central bank has increased its key rates from 5.50% to 6.50% as expected.
- Inflation pressure continued to drive rational for adjusting in key rates; bank's statement left door opened to another adjustment in rates if needed in the next meeting.