The August PMI registered 61.3 percent, an increase of 3.2 percentage points from the July reading of 58.1 percent. The New Orders Index registered 65.1 percent, an increase of 4.9 percentage points from the July reading of 60.2 percent.

"Comments from the panel reflect continued expanding business strength. Demand remains strong, with the New Orders Index at 60 percent or above for the 16th straight month, and the Customers' Inventories Index remaining low. The Backlog of Orders Index continued to expand, at higher levels compared to the previous month. Consumption improved, with production and employment continuing to expand, at higher levels compared to July, despite shortages in labor and materials

• No-Deal Brexit Would See "Material" Rise In Prices

• Willing To Do Whatever I Can To Support Brexit Transition

• Expects Position At BOE To Be Resolved Shortly

He contends data won't live up to the RBA's high hopes. Dales has anticipated no rate hike occurring until late 2019, if not 2020 - via WSJ

In July 2018, compared with June 2018, industrial producer prices rose by 0.4% in the euro area (EA19) and by 0.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In June 2018, prices increased by 0.4% in the euro area and by 0.5% in EU28. In July 2018, compared with July 2017, industrial producer prices rose by 4.0% in the euro area and by 4.7% in the EU28.

The 0.4% increase in industrial producer prices in total industry in the euro area in July 2018, compared with June 2018, is due to rises of 1.1% in the energy sector and of 0.1% for intermediate goods, capital goods, durable and non-durable consumer goods. Prices in total industry excluding energy rose by 0.1%.

August data pointed to a renewed slowdown in output growth across the UK construction sector, with all three broad categories of activity recording a loss of momentum since the previous month. That said, there were signs of resilience in terms of underlying workloads, with the latest survey signalling another solid upturn in new business. Employment growth meanwhile held close to the two-and-and-a-half year peak seen in July. Rising demand for construction inputs meant that stretched supply chain capacity continued during August, as highlighted by the greatest lengthening of vendor lead-times since March 2015.

At 52.9 in August, the seasonally adjusted IHS Markit/CIPS UK Construction Purchasing Managers' Index (PMI) eased from July's 14- month peak of 55.8, but remained above the crucial 50.0 no-change mark. The latest reading signalled a moderate overall rise in construction output, with the rate of expansion the weakest since May.

The number of unemployed registered in the offices of the Public Employment Services has increased in August in 47,047 people in relation to the previous month. Last year the unemployment had increased in that same month in 46,400. In seasonally adjusted terms, unemployment has dropped by 2,819 people.

With respect to August 2017, unemployment has been reduced by 200,256 people, which puts its year-on-year decline level at -5.92%. Thus, the total number of registered unemployed is 3,182,068. Male unemployment stood at 1,306,994 people, rising by 27,415 (2.14%) and female unemployment by 1,875,074, increasing by 19,632 (1.06%).

The consumer price index (CPI) remained stable in August 2018 compared with the previous month, remaining at 101.8 points (December 2015 = 100). Inflation was 1.2% compared with the same month of the previous year. These are the results from the Federal Statistical Office (FSO).

The stability of the index compared with the previous month is the result of opposing trends that counterbalanced each other overall. Airfares and prices for international package holidays decreased. In contrast, prices for clothing, footwear and housing rental increased.

• Current interest rates correspond to target GDP and inflation levels

• Average mortgage rates in Australia are lower than a year ago

• The US trade policy is a source of uncertainty for the prospects of the world economy

• Prospects of household consumption remain uncertain

• Growth in housing loans slowed due to lower investment demand

• The inflation in 2019 and 2020 will be higher than now

• Accelerating wage growth is likely to be gradual in nature

• Salary growth has recently accelerated slightly

• Over the next two years, the unemployment rate will drop to about 5%

• The prospects for the labor market remain positive