Market WATCh Weekly 26 August 2022

Market WATCh Weekly 26 August 2022

August 26, 2022

At home, the flash PMIs suggested private sector business activity slipped into contraction in August. Offshore, the only major advanced economy where business activity remained in expansion according to the flash PMIs was the UK. US new durable goods orders growth stagnated in July, but core orders saw another solid gain. US Q2 GDP fell less than first estimated. US initial jobless claims continued to decline last week.

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