Tuesday, August 01, 2006

Quick Overview

  • The core personal consumption expenditure index, a measure that strips out food and energy prices and is closely watched by the Federal Reserve, rose 0.2 % in June. YoY the core PCE was up 2.4 %, after growing at 2.2 % YoY for May and April.

  • The ISM's prices paid index was 78.5 in July versus June's 76.5.

  • U.S. Construction spending was at an annual rate of $1.217 trillion in June, up slightly from May's pace.

  • Germany's July unemployment rate fell to a 2-year low of 10.6% from 10.8%.

  • Japan's land prices rose +0.9% in 2005. Land prices in Tokyo rose +5.4% in 2005, for the second year of growth.

  • The unemployment rate in the Euro-12 improved from 7.9% to 7.8% in June while unemployment in the EU-25 improved from 8.2% to 8.1%.

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