FINWIRES · TerminalLIVE
FINWIRES

Daily Roundup of Key US Economic Data for Aug. 28

By

The University of Michigan consumer sentiment index for August was revised higher to 51.7 from the preliminary estimate of 51.0 but was still below July's reading of 55.2.

Michigan said that one-year inflation expectations declined from July.

The Chicago PMI fell to 47.1 in August from 57.6 in July, indicating contraction in contrast to other readings that indicated expansion. The ISM's national manufacturing index is due to be released on Sept. 1.

The Kansas City Federal Reserve's services index fell to minus 3 in August from 14 in July, indicating contraction, in line with other regional services data already released.

The Q3 GDPnow estimate from the New York Fed was revised down to a 2.22% gain from 2.27% in last week's estimate.

Related Articles

International

New Zealand's Filled Jobs Rise in July

New Zealand's filled jobs in July rose 0.3% in seasonally adjusted terms to 2.36 million filled jobs in all industries compared with the previous month, according to a report released by Stats NZ on Friday.There were 2.34 million actual filled jobs in July, up 0.8% compared with the same period last year.Filled jobs in public administration and safety increased by 4% compared with last year, while professional, scientific, and technical services saw a 1.1% decline.By region, Canterbury experienced the largest job increase compared with July 2025, rising by 2.2%, while Northland had a 2.1% decrease.

^NZ50
International

New Zealand Consumer Confidence Eases Slightly in August, ANZ Says

The ANZ-Roy Morgan Consumer Confidence index for New Zealand eased by one point in August to 98, still under par but 18 points higher than a low struck in April, ANZ Research said in a Friday report.The result came as the net proportion of households who think it's a good time to purchase a major household item fell 5 points to minus 12, indicating continued struggles for retail.The current conditions index eased to 83.4 from 88.5 in the previous month, while the future conditions index rose marginally to 107.7 from 106.5.Following some improvement in July, perceptions of current personal financial situations compared with a year earlier gave up much of their gains with a decline to negative 21% from negative 16%."Petrol prices averaged a higher level than in July, having jumped in the last week of the previous month, and that may have impacted perceptions of current financial situations," ANZ said.Additionally, the report showed inflation expectations for two years ahead remaining relatively stable at 4.7%, while house price expectations eased to 2.5% from 2.6%.

^NZ50
International

Japan's Unemployment Rate Shrinks to 2.4% in July

Japan's seasonally adjusted unemployment rate fell to 2.4% in July, according to data from the Ministry of Internal Affairs and Communications on Friday.The reading missed the consensus forecast of 2.5% tracked by Investing.com, and compared with the 2.5% recorded in the previous month.The total number of unemployed persons was steady at 1.69 million, while the number of employed persons was also the same at 68.5 million.

Nikkei 225