Friday, September 4, 2015 - 10:38 Canada Aug Ivey SA PMI Rebounds to 58.0 From 52.9 in July 0
By Yali N'Diaye
OTTAWA (MNI) - The Canadian Ivey Purchasing Managers Index rebounded 5.1 points to 58.0 in August, reversing a three-point decline in July and putting the third quarter back into positive territory, data from the Richard Ivey School of Business showed Friday.
Part of the August Ivey PMI increase could result from a price effect, since survey participants' answers are based on dollar amounts of sales rather than volumes, and the price index was up 4.6 points to 66.3.
A reading above 50 indicates overall economic expansion, which the Bank of Canada is expecting to happen in the third quarter after two consecutive quarters of GDP contraction.
The Canadian Ivey PMI, unlike that produced by the U.S...
Friday, September 4, 2015 - 08:45 Canada 2Q Labor Productivity -0.6%, Largest Drop Since 2Q'12 0
--Goods Sector -2.5%; Services +0.6%
OTTAWA (MNI) - Labor productivity for Canadian businesses worsened in the second quarter, when it decreased 0.6% following a 0.5% drop in 1Q, dragged down by the goods industries, Statistics Canada reported Friday.
A 0.6% rebound in productivity in the services sector was not enough to offset a 2.5% fall in the goods-producing industries, resulting in the largest quarterly decline in productivity since 2Q 2012.
The productivity gap vs. the U.S. widened further, with Canada lagging by 1.5 points in 2Q as U.S. labor productivity rose 0.9%, following a 0.2 gap in 1Q when U.S. productivity edged down 0.3...
Friday, September 4, 2015 - 08:30 ANALYSIS: US Aug Jobs +173k, Unempl Rate 5.1%:Still Strong 0
--AHE +8c or +0.3% for +2.2% YOY; Labor Force Partic Steady at 62.6%
WASHINGTON (MNI) - The U.S. August employment report was on the strong side--though it once again underperformed expectations for job gains.
Nonfarm payrolls posted +173,000 and up-revisions to prior months totaled +44,000.
Note that August jobs tend to get revised higher next month as more responses are entered. A Bureau of Labor Statistics economist denied that the response rate alone correlates with the revisions and said changes have been made to improve the data, though there always will be late reporters.
Friday, September 4, 2015 - 08:30 Canada Aug Empl +12k; Unemp Rate Up 0.2 ppt to 1Y High of 7.0% 0
By Courtney Tower
Ottawa (MNI) - Canada's unemployment rate rose by 0.2 percentage points to 7.0% in August despite a 12,000 increase in jobs filled during the month, because 52,000 more Canadians looked for work, Statistics Canada reported Friday.
After six consecutive months of unemployment rate at 6.8%, a 0.2 point rise in the labor force's participation rate to 65.9% from 65.7% lifted the unemployment rate.
Statistics Canada termed the August data as marking "little change" for the third straight month, rising by 12,000 after an increase of 6,600 jobs in July that reversed a 6,400 loss in June.
There was strength in the August results in that 54,400 jobs were gained in full-time work, against a...
Friday, September 4, 2015 - 02:45 France Consumer Confidence Index Unchanged in August 0
Seasonally adjusted data: August preliminary: 93 (unchanged)
MNI Survey Median: 94
Previous results: July 93, June 94, May 93, Apr 94 Mar 93, Feb 92, Jan 90
PARIS (MNI) - France's consumer confidence was unchanged in August as the steady increases seen in late 2014 and early this year stalled amid an uncertain economic recovery.
The national statistics institute Insee said its barometer of household confidence held steady at 93 in August, below the median estimate of 94 among analysts surveyed by MNI.
Thursday, September 3, 2015 - 21:30 Japan July Wages Rebound; Real Wages Mark 1st Rise in 2 Years 0
--Japan July Total Avg Wages +0.6% Y/Y, 1st Rise in 2 Months
--Japan July Real Avg Wages +0.3% Y/Y, 1st Rise in Over 2 Yrs
--Japan July Average Base Wages +0.6% Y/Y, 5th Straight Rise
--Japan July Overtime Pay +0.6% Y/Y, 1st Rise in 5 Months
--Japan July Bonuses, Special Pay +0.3% Y/Y, 1st Rise in 2 Mo
TOKYO (MNI) - Preliminary average wages data from the Ministry of Health, Labour and Welfare released Friday.
FACTORS: The total average monthly cash earnings per regular employee in Japan stood at Y367,551 in July, up 0.6% from a year earlier for the first year-on-...