Economic Optimism Index dropped 3% in August

Note: This section contains information in English only.
Source: The Wall Street Journal
The IBD/TIPP Economic Optimism Index tumbled by 1.4 points or 3 per cent in August, and reached 45.6 against 47 in the month earlier. The Index dropped to its lowest reading of 2012 so far, and reading below 50 indicates pessimism. Meanwhile, in December 2007 the reading was at 44.4 level, when the world's biggest economy fell into the recession.
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Wed, 15 Aug 2012 06:51:30 GMT

Loonie at 3-month high on oil gain and U.S. retail data

Canada's currency was at an almost 3-month high as crude oil advanced and a report posted U.S. retail sales increased, fueling optimism demand for exports to the U.S. will rise. On Wednesday, Canada's Dollar gained 0.1% to 99.23 cents per U.S. Dollar, after touching 99.07 yesterday. The Loonie buys $1.0076.

Wed, 15 Aug 2012 14:43:41 GMT

U.S. Producer price inflation added 0.3% in July

PPI in the world's biggest economy jumped more-than-expected, by 0.3 per cent in July, after increasing by 0.1 per cent in the previous month. Meanwhile, core prices also advanced, adding 0.4% in July. The Fed uses core prices as a better measure for future inflationary pressure, as they do not take in to account energy and food categories.

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