GfK Consumer Climate
The Germany GfK Consumer Climate Indicator decreased to -30.6 in August 2022 from -27.7 in June and market predictions of -28.9.
The latest reading emphasized recession fears and natural gas shortages, with the Ukraine war and delayed supply chains pushing up energy and food prices.
The economic expectations index fell 6.5 points to -18.2, its lowest level since April 2020, when Germany was quarantined for coronavirus.
Also, income expectations fell 12.2 points to a record low of -45.7, and buying propensity fell 0.8 points to -14.5, the lowest since October 2008.
“In addition to disrupted supply chains, the Ukraine war, and increasing energy and food prices, there are now worry about next winter’s gas supplies,”
Australian Consumer Price Index (CPI)
The Australian Consumer Price Index (CPI) rose 1.8 percent this quarter and 6.1 percent in the twelve months to the June 2022 quarter.
The most significant price increases were in new home purchases by owner-occupiers (+5.6%), automotive fuel (+4.2%), and furniture (+7.0%).
Annual underlying inflation is the highest in the series’ history:
Due to higher dwelling construction costs and automotive fuel prices, annual CPI inflation increased to 6.1% in the June quarter.
Core Durable Goods Orders m/m – USD
According to the monthly data that was released by the United States Census Bureau on Wednesday, durable goods orders in the United States climbed by 1.9 percent in June, which is equivalent to a rise of $5 billion on a monthly basis.
The total amount of orders reached $272.6 billion.
The market had been anticipating a fall of 0.4 percent, but this number came in significantly better than that. According to another section of the paper.
New orders climbed by 0.3 percent when excluding transportation. Transportation equipment led the increase, accounting for $4.5 billion, or 5.1 percent, to $92.7 billion .
There was no noticeable reaction in the US Dollar Index in the immediate aftermath of this report.
Pending Homes Sales
The Pending Homes Sales report will be made public on Wednesday, July 27, 2022 at 10:00 a.m. Eastern time: Pending Home Sales for the month of June 2022.
The Pending Home Sales Index (PHS) is a leading indicator of housing activity that measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos, and co-ops.
The Pending Home Sales Index is considered a leading indicator of housing activity because it measures housing contract activity.
Pending Home Sales Index typically runs ahead of the Existing Home Sales Index by a month or two. This is due to the fact that a home typically enters into a contract a month or two before it is sold.
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