Category: Remained
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Mortgage taking remained high in August
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Israel’s mortgage market remained strong last month as homebuyers took out mortgages totaling NIS 8.4 billion in August, the Bank of Israel reported. Mortgage takings last month were down 7% from July when more than NIS 9 billion in mortgages were taken out but were 20% higher than August 2023.…
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U.S. August ISM Manufacturing PMI Remained in Contraction Despite Uptick in Prices
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The US ISM manufacturing PMI for August came in at 47.2, up from the previous month’s reading of 46.8 but below the consensus of 47.5, reflecting a slowdown in the pace of manufacturing contraction. The report’s components revealed that the price index rose from 52.9 to 54.0, while the employment…
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Australia’s Inflation Cooled To Multi-month Lows But Remained Sticky High In July
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Data from the Australian Bureau of Statistics showed that inflation in Australia rose by 3.5% YoY in Julyslower than the 3.8% increase in June and the lowest since March but higher than the 3.4% rise markets had expected. One reason for the decline may be that the expanded Commonwealth Energy…
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Euro Area CPI Eased Slightly But Services Inflation Remained Sticky High In June
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Eurozone core inflation fell to 2.5% year-on-year in June from 2.6% year-on-year, data from Eurostat, the European Union’s statistics agency, showed. Core inflation, which excludes volatile items such as energy, food, alcohol and tobacco, held steady at 2.9% year-on-year, beating market estimates of a 2.8% decline. Link to Eurozone CPI…