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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BBA mortgage approvals fell in July
BBA mortgage approvals fell to a level of 37.66 K in July, in the UK, compared to a revised reading of 39.76 K in the previous month. Market anticipation was for BBA mortgage approvals to ease to 38.00 K.
German GDP advanced as expected in 2Q 2016
On a YoY basis, the working day adjusted final gross domestic product (GDP) climbed 1.80% in Germany, in 2Q 2016, at par with market expectations. The preliminary figures had also indicated a rise of 1.80%. In the previous quarter, GDP had recorded a revised rise of 1.90%.
German construction investment dropped less than expected in 2Q 2016
On a QoQ basis, construction investment in Germany dropped 1.60% in 2Q 2016, lower than market expectations for a drop of 2.80%. In the previous quarter, construction investment had registered a rise of 2.30%.
German domestic demand declined more than expected in 2Q 2016
Domestic demand registered a drop of 0.20% on a quarterly basis in 2Q 2016, in Germany, compared to a revised advance of 0.50% in the previous quarter. Market expectation was for domestic demand to drop 0.10%.
German capital investment declined more than expected in 2Q 2016
Capital investment in Germany eased 1.50% in 2Q 2016 on a quarterly basis, compared to a revised advance of 1.70% in the prior quarter. Markets were expecting capital investment to ease 1.30%.
German imports declined less than expected in 2Q 2016
On a quarterly basis, imports registered a drop of 0.10% in Germany, in 2Q 2016, lower than market expectations for a fall of 0.30%. Imports had climbed by a revised 1.30% in the previous quarter.
German GDP rose as expected in 2Q 2016
In 2Q 2016, the seasonally adjusted final GDP registered a rise of 0.40% in Germany on a QoQ basis, at par with market expectations. The preliminary figures had also recorded a rise of 0.40%. GDP had climbed 0.70% in the prior quarter.
German government spending advanced more than expected in 2Q 2016
Government spending registered a rise of 0.60% on a quarterly basis in 2Q 2016, in Germany, higher than market expectations for a rise of 0.50%. In the prior quarter, government spending had risen by a revised 1.30%.
German GDP advanced as expected in 2Q 2016
On a YoY basis, the non-seasonally adjusted final GDP rose 3.10% in 2Q 2016, in Germany, compared to a revised advance of 1.50% in the prior quarter. The preliminary figures had also recorded a rise of 3.10%. Markets were anticipating GDP to climb 3.10%.
German exports advanced more than expected in 2Q 2016
Exports rose 1.20% on a QoQ basis in 2Q 2016, in Germany, compared to a revised rise of 1.60% in the prior quarter. Market anticipation was for exports to advance 0.70%.
German private consumption advanced as expected in 2Q 2016
In 2Q 2016, private consumption rose 0.20% on a QoQ basis in Germany, meeting market expectations. Private consumption had recorded a revised rise of 0.30% in the previous quarter.
US house price purchase index climbed in 2Q 2016
In 2Q 2016, on a quarterly basis, the house price purchase index in the US advanced 1.20%. The house price purchase index had climbed by a revised 1.50% in the previous quarter.
US existing home sales declined in July
Existing home sales in the US eased 3.20%, on monthly basis, to a level of 5.39 million in July, lower than market expectations of 5.51 million. Existing home sales had recorded a reading of 5.57 million in the prior month.
US housing price index advanced less than expected in June
In the US, the housing price index recorded a rise of 0.20% on a MoM basis in June, lower than market expectations for an advance of 0.30%. In the prior month, the housing price index had registered a similar rise.
US mortgage applications eased in the last week
In the US, mortgage applications dropped 2.10% in the week ended 19 August 2016 on a weekly basis. Mortgage applications had fallen 4.00% in the previous week.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥142.70 billion worth of foreign stocks in the week ended 19 August 2016, from being net buyers of ¥141.40 billion worth of foreign stocks in the prior week.
Foreign investors became net buyers of Japanese bonds in the previous week
Foreign investors remained net buyers of ¥298.10 billion worth of Japanese bonds in the week ended 19 August 2016, from being net buyers of ¥474.80 billion worth of Japanese bonds in the prior week.
Foreign investors turned net sellers of Japanese stocks in the previous week
Foreign investors turned net sellers of ¥229.60 billion worth of Japanese stocks in the week ended 19 August 2016, as compared to being net buyers of a revised ¥94.50 billion worth of Japanese stocks in the previous week.
Japanese coincident index advanced in June
The final coincident index rose to a level of 111.10 in Japan, in June, compared to a level of 109.90 in the prior month. The preliminary figures had indicated a rise to 110.50.
Japanese corporate service price index rose more than expected in July
In July, the corporate service price index rose 0.40% in Japan on an annual basis, more than market expectations for an advance of 0.10%. In the previous month, the corporate service price index had risen 0.20%.
Japanese investors became net buyers of foreign bonds in the previous week
Japanese investors were net buyers of ¥433.10 billion worth of foreign bonds in the week ended 19 August 2016, as compared to being net buyers of a revised ¥1297.60 billion worth of foreign bonds in the previous week.
Japanese leading economic index dropped in June
The final leading economic index in Japan eased to 99.20 in June. In the prior month, the leading economic index had recorded a reading of 99.70. The preliminary figures had indicated a drop to 98.40.
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