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FRANC LITTLE CHANGED AFTER SWISS TRADE DATA



At 2.00 am ET Thursday, foreign trade figures for Switzerland have been released.

The franc changed little against its major rivals after the data. The franc was trading at 119.77 against the yen, 0.9193 against the greenback, 1.0731 against the euro and 1.2601 against the pound around 2:05 am ET.

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NEW ZEALAND CREDIT CARD SPENDING DECLINES IN JULY



New Zealand credit card spending declined for the second month in July, the Reserve Bank of New Zealand said on Friday.

Credit card spending decreased 0.6 percent on a monthly basis in July, following a 1.0 percent decline in June. Spending declined for second straight month.

On a yearly basis, growth in credit card spending rose to 6.9 percent in July from 6.4 percent in the previous month.

Domestic card billing grew 1.9 percent on month after falling 3.7 percent a month ago.

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AUSTRALIA MANUFACTURING PMI SLOWS IN AUGUST - MARKIT



The manufacturing sector in Australia continued to expand in August, albeit at a much slower rate, the latest survey from Markit Economics showed on Monday with a 14-month low manufacturing PMI score of 51.7.

That's down from 56.9 in July, although it remains above the boom-or-bust line of 50 that separates expansion from contraction.

New orders and output both fell into contraction territory, ending the 13-month growth streaks across both indices. While the lingering disruptions from the COVID-19 pandemic affected both demand and production, firms also reported that supply issues had constrained output. Indeed, suppliers' delivery times continued to lengthen, and at the most severe pace since April 2020.

Price pressures eased slightly in August, though both input costs and output charges continued to increase at rates well above their respective survey averages. Firms were generally cautious with regards to their input inventories, which were broadly unchanged from July, but held a slightly more positive view towards output in the next 12 months.

The survey also showed that the services PMI fell from 44.2 in July to 43.3 in August, while the composite slipped from 45.2 in July to 43.5 this month.

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NEW ZEALAND RETAIL SALES RISE 3.3% IN Q2



The total volume of retail sales in New Zealand was up a seasonally adjusted 3.3 percent on quarter in the second quarter of 2021, Statistics New Zealand said on Tuesday - accelerating from 2.8 percent in the three months prior.

The total value of retail sales rose 4.0 percent on quarter (NZ$1.1 billion).

By industry, the largest movements were: electrical and electronic goods retailing - up 6.9 percent; food and beverage services - up 5.6 percent; motor vehicle and parts retailing - up 3.1 percent; pharmaceutical and other store-based retailing - up 7.5 percent; and accommodation - up 11.4 percent.

On a yearly basis, retail sales surged 33.3 percent after gaining 6.6 percent in the previous three months.

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EUROPEAN ECONOMICS PREVIEW: GERMANY IFO BUSINESS CONFIDENCE DATA DUE



Business confidence data from Germany is due on Wednesday, headlining a light day for the European economic news.

At 3.00 am ET, Spain's INE publishes producer prices for July. Prices had increased 15.3 percent annually in June.

At 4.00 am ET, German ifo business confidence survey results are due. The business sentiment index is seen falling to 100.4 in August from 100.8 in the previous month. At 6.00 am ET, the Confederation of British Industry releases monthly Distributive Trades survey results for August. The retail sales balance is seen falling to 20 from 23 in July.

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EURO MIXED AHEAD OF GERMAN GFK CONSUMER CONFIDENCE INDEX



At 2.00 am ET Thursday, Germany's Gfk consumer confidence survey results are due. The forward-looking consumer sentiment index is expected to fall to 0.7 in September from 0.3 in August.

Ahead of the data, the euro traded mixed against its major rivals. While the currency rose against the pound, it held steady against the rest of major rivals.

The euro was worth 129.44 against the yen, 1.0759 against the franc, 0.8555 against the pound and 1.1769 against the greenback as of 1:55 am ET

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EURO LITTLE CHANGED AFTER GERMAN IMPORT PRICE INDEX



At 2 am ET Friday, German import price index for July has been released. After the data, the euro changed little against its major rivals.

The euro was trading at 129.38 against the yen, 1.0780 against the franc, 0.8587 against the pound and 1.1764 against the greenback around 2:05 am ET.

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EUROPEAN ECONOMICS PREVIEW: EUROZONE ECONOMIC CONFIDENCE DATA DUE



Economic sentiment data from euro area and consumer prices from Germany are due on Monday, headlining a light day for the European economic news.

At 3.00 am ET, Spain's INE releases flash consumer price data for August. EU harmonized inflation is forecast to remain unchanged at 2.9 percent.

In the meantime, Swiss KOF leading indicator is due. Economists forecast the index to fall to 125.0 in August from 129.8 in the previous month.

At 5.00 am ET, Eurozone economic confidence survey results are due. The economic confidence index is expected to fall to 117.9 in August from 119 in the previous month. At 8.00 am ET, Destatis is scheduled to release Germany's flash inflation data. Harmonized inflation is seen rising to 3.4 percent in August from 3.1 percent in July.

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EUROPEAN ECONOMICS PREVIEW: GERMAN UNEMPLOYMENT DATA DUE



Unemployment from Germany and flash consumer prices from euro area are due on Tuesday, headlining a busy day for the European economic news.

At 2.00 am ET, Destatis releases Germany's import prices and unemployment reports. Economists forecast import prices to gain 13.6 percent annually in July after rising 12.9 percent in June.

At 2.45 am ET, France Insee publishes GDP, flash consumer prices and household spending data. Consumer price inflation is seen rising to 1.7 percent in August from 1.2 percent in July.

At 3.55 am ET, Germany's unemployment data is due. The jobless rate is forecast to fall to 5.6 percent in August from 5.7 percent in July.

At 4.00 am ET, GDP data is due from Italy and Poland. Italy's final GDP is expected to grow 2.7 percent sequentially in the second quarter.

Half an hour later, the Bank of England publishes mortgage approvals data for July. The number of mortgages approved in July is seen at 79,000 versus 81,340 in June.

At 5.00 am ET, Eurostat publishes euro area flash consumer prices. Inflation is expected to rise to 2.7 percent in August from 2.2 percent in July.

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PHILIPPINES MANUFACTURING SECTOR FALLS INTO CONTRACTION - MARKIT



The manufacturing sector in the Philippines fell into contraction in August, the latest report from Markit Economics showed on Wednesday with a manufacturing PMI score of 46.4.

That's down from 50.4 in July, and it falls beneath the boom-or-bust line of 50 that separates expansion from contraction.

The re-introduction of Enhanced Quarantine Measures (ECQ) in Metro Manilla forced factory and business closures in one of the Philippines largest manufacturing regions in August. Output and new orders fell sharply, although the rates of decline were not as severe as those seen during the first lockdown in March-May 2020.

Nevertheless, weak demand led to cost saving efforts and the consequent reduction in inventory levels and employment in August. Meanwhile, virus-related restrictions weighed heavily on lead times with port congestions and material shortages again a key theme in the latest survey period.

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