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US Consumer Confidence at One-Year High

Conference Board’s Index Rises To 101.1 in August

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The assessment of both business and labor market conditions was more favorable when compared to a month ago, data from the Conference Board's consumer confidence survey showed on Tuesday. After falling to 86.7 in July, US consumer sentiment was seen at one year highs on improved short term expectations on the economy and growth. The CB's index was recorded at 130.0.

Japan Household Spending Falls


Average household spending in Japan fell -0.50% in July on a yearly basis, data from the Ministry of Internal Affairs and Communications showed on Tuesday. The average monthly income per household stood at 574,227 yen which was down -1.80% on the year. Specific spending on communication fell -8.50%, followed by clothing which was down -7.00%. In ministry also released the unemployment figures which showed that the jobless rate in Japan was relatively favourable.

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Australia Building Permits


The total number of building permits in Australia rose 11.30% on a seasonally adjusted basis in June, according to data from the Australian Bureau of Statistics. The headline figure beat estimates of a 1.10% increase and reversed the -2.90% contraction in June. Approvals in the private sector fell -0.50% while excluding houses, approvals jumped 23%. The value of total buildings and also residential buildings approved rose 1.90% and 0.90% in July, respectively.

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Germany Inflation Steady


Germany's consumer prices were steady in August, rising at a rate of 0.40% on a year over year basis. Previously, Germany's inflation accelerated over the past three months. Data from statistics office Destatis showed that consumer prices missed estimates of a 0.50% increase. Energy prices were lower by -5.90%, recovering from a -7.00% decline in July. Food prices increased 0.90%.

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Canada's Producer Price Index Rises


Cost of raw materials for producers rose unexpectedly in July - driven by higher prices of non-ferrous metals including silver and gold, data from Statistics Canada showed on Tuesday. However, the country's raw materials price index declined due to crude energy product weakness.

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