Canada GDP Fizzles | UK Manufacturing PMI Beats Estimate
Published October 1, 2019
Canada’s economy remained flat in July against the expectation of 0.1 percent growth, as the country’s mining, quarrying and oil and gas extraction sectors contracted, Statistics Canada data showed on Tuesday. The Canadian dollar was trading lower, at 1.3285, after the release.
UK manufacturing Purchasing Managers Index rose to a four-month high in September, according to data released on Tuesday. IHS Markit reported the manufacturing index climbed from 47.4 to 48.3 in September, beating expectation of 47.
ECB President Mario Draghi said in an interview that the ECB still had ammunition to use and added its extraordinary stimulus may need to continue for a long time in the absence of support from fiscal policy.
Euro zone CPI slowed in September and remained well below the European Central Bank’s rate target of just under 2 percent for the euro zone as a whole. Overall, the CPI came in at 0.9 percent, down against the expectation of 1.0 percent.