U.S. Manufacturers Have Caught China's Cold
August 20, 2015 | Market Research ReportsEstimated reading time: 1 minute
The U.S. manufacturing has unexpectedly made its entry into the limelight. The report states that the U.S. markets have performed higher than their European counterparts following another downbeat European session today. The notion is to not doubt the positivity of the Americans. As the Empire state manufacturing index fell to the lowest since 2009, the manufacturing sector in the U.S. has increased tremendously.
According to the survey and statistics, it is not only the Chinese manufacturers that are slowing down in terms of growth in the manufacturing segment. Despite inherent weaknesses in the U.S. recovery in the manufacturing sector, the survey highlights that U.S. could point to a much positive session in the U.S as the key stock exchanges push to a new Monday high.
According to an overnight data from Japan, despite ongoing BoJ stimulus, Japan’s GDP reduced -0.4% for the second quarter to lead to the notion that Asia is slowing down in growth as a whole.
Moreover, since Chinese imports represent 20% of all U.S. inbound trade, Fed are expected to have a difficult decision time in knowing exactly the impact of the U.S. inflation in the near future.
The current contraction in the U.S. manufacturing will be impacted by falling Chinese demand. This is expected to get worse given the fallout of yuan depreciation seen last week.
BoE highlighted the clear dilemma of BoE and Fed today. It mentioned that strong economic indicators are pared down with persistent and clear disinflation. However, the decision to raise the rates is a far too long topic for a while.
According to Forbe’s highlights, the hike is expected to occur in the face of negative inflation, which further flies in the face of BoE’s core price mandate.
UK house prices enjoyed their highs in August, falling only 0.8% in that month.
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