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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BBA mortgage approvals dropped in August
BBA mortgage approvals in the UK registered a drop to 37.00 K in August, lower than market expectations of a drop to a level of 37.10 K. BBA mortgage approvals had registered a revised reading of 37.67 K in the previous month.
German Ifo current assessment index rose in September
Compared to a level of 112.80 in the previous month the Ifo current assessment index in Germany registered a rise to 114.70 in September. Markets were expecting the Ifo current assessment index to climb to 112.90.
German Ifo business expectations index rose surprisingly in September
The Ifo business expectations index climbed unexpectedly to 104.50 in September, in Germany, higher than market expectations of an unchanged reading. The Ifo business expectations index had recorded a level of 100.10 in the previous month.
German Ifo business climate index recorded a rise in September
In September, the Ifo business climate index in Germany registered a rise to 109.50, higher than market expectations of a rise to 106.30. The Ifo business climate index had registered a level of 106.20 in the previous month.
Italian retail sales surprisingly eased in July
In July, the seasonally adjusted retail sales registered an unexpected drop of 0.30% on a monthly basis in Italy, less than market expectations for an unchanged reading. Retail sales had registered a revised rise of 0.30% in the previous month.
Italian retail sales recorded an unexpected drop in July
The non-seasonally adjusted retail sales unexpectedly eased 0.20% in Italy on an annual basis in July, lower than market expectations for an advance of 0.30%. In the previous month, retail sales had climbed 0.80%.
US new home sales registered a drop in August
New home sales registered a drop of 7.60%, on MoM basis, to a level of 609.00 K in August, in the US, compared to market expectations of 600.00 K. In the prior month, new home sales had recorded a revised reading of 659.00 K.
US Dallas Fed manufacturing business index rose in September
In September, the Dallas Fed manufacturing business index in the US registered a rise to -3.70, compared to a reading of -6.20 in the prior month. Market expectation was for the Dallas Fed manufacturing business index to rise to -3.00.
BoJ Minutes: “Considerable Uncertainties” surround inflation outlook
The Bank of Japan (BoJ), in its July meeting minutes, indicated that Japan’s economy continues to rebound and inflation is likely to accelerate towards the 2.0% target in fiscal year 2017. However, the outlook remains marred by “considerably uncertainties,” which could call for further monetary policy accommodation.
Japanese corporate service price index advanced less than expected in August
On a YoY basis in August, the corporate service price index recorded a rise of 0.20% in Japan, compared to a revised rise of 0.30% in the prior month. Market anticipation was for the corporate service price index to climb 0.30%.
Japanese leading economic index climbed in July
In July, the final leading economic index advanced to 100.00 in Japan. The leading economic index had recorded a level of 99.20 in the previous month. The preliminary figures had also indicated an advance to 100.00.
Japanese coincident index rose in July
In July, the final coincident index in Japan rose to a level of 112.10, compared to a reading of 111.10 in the prior month. The preliminary figures had recorded an advance to 112.80.
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