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.
  
  

• The Institute for Supply Management's July manufacturing index was 54.7, above an expected 53.6, and rebounding from June's 53.8.
  
  

• 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%.