Friday, July 01, 2005

Quick Overview

  • The ISM (Institute for Supply Management) index rose to 53.8% in June from 51.4% in May. Prices paid fell to 50.5% from 58.0% in May, the lowest since February 2002.

  • U.S. stock mutual funds saw weekly net outflows of $74 million in the week ended June 29, as many managers reported the heaviest redemptions in more than two years, according to AMG Data Services.

  • Spending on construction projects fell in May for a third straight month, reflecting declines in the building of homes, offices and shopping malls. YoY, U.S. construction spending is up 9.7%.


  • The University of Michigan's consumer sentiment survey increased from 86.9 to 96.0 in June, stronger than expected.

  • Business confidence among Japanese companies grew in the three months to June, a Bank of Japan survey showed on Friday, a sign that healthy domestic demand and reduced inventories were helping them ride out flagging exports

  • Manufacturing activity in the U.K. improved from 47 to 49.6 in June.

  • The unemployment rate in the Euro-zone and in the EU-25 b improved from 8.9% to 8.8% in May.

  • As of May, the Shanghai Port handled $131.9 billion in foreign trade, up 25 percent YoY.

  • Australia’s Retail sales were up 0.9% in May, stronger than expected.

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