* Data on July
factory orders will be released at 10:00 a.m.
Analysts assume July figures of 1.2% for
factory orders and -0.4% for shipments, given an assumed 0.4% price-restrained rise for nondurable goods shipments and orders.
However, in a ray of hope for Germany,
factory orders were shown to have beaten economists' expectations yesterday.
Summary: New Delhi [India], Aug 1 (ANI): Economic growth in India's manufacturing industry was sustained in July with companies scaling up production in response to a quicker upturn in
factory orders, according to IHS Markit India Manufacturing Purchasing Managers' Index (PMI) released on Thursday.
Other notable indicators this week include Markit's PMI reading on services and manufacturing sector,
factory orders and total vehicle sales.
The Commerce Department said
factory orders spiked by 1.9% in March after falling by a revised 0.3% in February.
China's official planning committee warned on Monday that pressure on the economy would affect the labor market, while a drop in
factory orders indicated a further drop in activity in the coming months and more jobs were lost.
The Commerce Department said
factory orders surged 2.3 percent in August, the biggest increase since September 2017.
German
factory orders rose strongly in October in a development that's likely to ease concerns over the state of Europe's largest economy.
Factory orders fell 0.7 percent in October following declines of 0.5 percent in September and 10 percent in August, the Commerce Department reported Friday.
In June, German
factory orders had declined by 2.7 percent.
Official data showed that
factory orders were up 1.2pc in January, better than analysts had predicted.
