The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK ILO unemployment rate registered a surprise drop in the March-May 2016 period
The ILO unemployment rate eased unexpectedly to 4.90% in the UK, in the March-May 2016 period, lower than market expectations of an unchanged reading. The ILO unemployment rate had recorded a level of 5.00% in the February-April 2016 period.
Number of unemployment benefits claimants in the UK recorded an increase in June
In the UK, number of unemployment benefits claimants rose by 0.40 K in June, lower than market anticipations of an advance of 3.50 K. Number of unemployment benefits claimants had recorded a revised gain of 12.20 K in the previous month.
UK claimant count rate remained steady in June
The claimant count rate remained steady at a level of 2.20% in the UK, in June, meeting market expectations.
Employment in the UK recorded a rise in the March-May 2016 period
Employment advanced by 176.00 K in the UK, in the March-May 2016 period, higher than market anticipations of an advance of 73.00 K. Employment had registered a gain of 55.00 K in the February-April 2016 period.
UK average earnings including bonus rose as expected in the March-May 2016 period
The average earnings including bonus advanced 2.30% on a YoY basis in the March-May 2016 period, in the UK, meeting market expectations. In the February-April 2016 period, the average earnings including bonus had climbed 2.00%.
UK average earnings excluding bonus rose less than expected in the March-May 2016 period
In the UK, the average earnings excluding bonus recorded a rise of 2.20% on a YoY basis in the March-May 2016 period, less than market expectations for an advance of 2.40%. In the February-April 2016 period, the average earnings excluding bonus had recorded a rise of 2.30%.
Euro-zone consumer confidence index dropped in July
The preliminary consumer confidence index eased to -7.90 in the Euro-zone, in July, compared to a revised reading of -7.20 in the previous month. Market anticipation was for the consumer confidence index to fall to -8.00.
Euro-zone current account surplus registered a drop in May
The Euro-zone has posted the non-seasonally adjusted current account surplus of €15.40 billion in May, compared to a revised current account surplus of €36.10 billion in the previous month.
Euro-zone current account surplus dropped in May
The Euro-zone has posted the seasonally adjusted current account surplus of €30.80 billion in May, from a revised current account surplus of €36.40 billion in the previous month.
German PPI advanced more than expected in June
On a monthly basis, in Germany, the producer price index (PPI) registered a rise of 0.40% in June, higher than market expectations for a rise of 0.20%. In the previous month, the PPI had registered a similar rise.
German PPI dropped less than expected in June
On a YoY basis, the PPI recorded a drop of 2.20% in June, in Germany, lower than market expectations for a fall of 2.40%. In the prior month, the PPI had registered a drop of 2.70%.
Swiss economic expectations index dropped in July
In July, the economic expectations index registered a drop to 5.90 in Switzerland. In the previous month, the economic expectations index had recorded a reading of 19.40.
US mortgage applications eased in the last week
In the week ended 15 July 2016, on a weekly basis, mortgage applications in the US recorded a drop of 1.30%. Mortgage applications had climbed 7.20% in the previous week.
Japanese Tokyo department store sales eased in June
On a YoY basis, Tokyo department store sales eased 3.20% in June, in Japan. Tokyo department store sales had fallen 4.50% in the previous month.
Japanese nationwide department store sales recorded a drop in June
On a YoY basis, nationwide department store sales registered a drop of 3.50% in Japan, in June. Nationwide department store sales had fallen 5.10% in the prior month.
Japanese convenience store sales climbed in June
On a YoY basis, convenience store sales climbed 0.80% in June, in Japan. In the prior month, convenience store sales had fallen 0.30%.
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