Tuesday is a busy day with plenty of news releases, so let’s see which ones stand out.
First up are the Swiss Retail Sales for June, which are out at 7:15 AM. Sales have been declining on an annual basis for the past 10 months.
Swiss Purchasing Managers Index for July follows at half past 7. The Index surprised on the downside in June, dropping to its lowest level in 4 months.
UK Construction PMI for July will be available at 8:30. The Index plunged to a 7-year low in June, and this release could show further decline.
Euro Zone Producer Price Index for June is released at 9. The Index rebounded in May, reversing a point 3% slip the previous month.
Coming up next at 12:30 PM GMT is the closely watched US Personal Income and Spending for June. Both income and spending continued growing in May, but at a slower pace than a month ago.
Canadian Manufacturing PMI for July is out at half past 1. The Index inched lower in June on the back of weaker output, new business and employment growth data.
The schedule is light until 10:45 in the evening, when the closely watched New Zealand second quarter Employment Report is the released. The unemployment rate rose by point 3 points in the first quarter, although the labour force expanded as well.
UK BRC Shop Price Index for July follows at 11:01. The Index continued to decline in June, and food prices posted especially strong drop.
Australian Performance of Services Index for July is out at 11:30. The Index slipped in June, but it remains in the positive territory.
Bank of Japan will publish the minutes of its July meeting at 11:50. Policy makers did not expand the asset purchase program in July, taking the markets by surprise, so the minutes will be scrutinised for the reason behind this decision.
Chinese Caixin Services PMI for July will be available at 1:45 AM. The Index came in stronger than anticipated in June, rising to its highest level in a year.
And Japanese Services PMI for July concludes the schedule at 2. The Index lost 1 point in June on the back of a strong drop in new orders.
I’m Kiays Khalil and this was the Economic Calendar for Tuesday, the 2nd of August. Check back in for the next overview of news releases for Wednesday. Goodbye.
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