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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction output declined less than expected in April
Construction output in the UK recorded a drop of 3.70% on an annual basis in April, less than market expectations for a drop of 4.80%. Construction output had registered a drop of 4.50% in the previous month.
German CPI advanced as expected in May
In May, the final consumer price index (CPI) rose 0.30% in Germany on a MoM basis, compared to a drop of 0.40% in the previous month. Market expectation was for the CPI to advance 0.30%. The preliminary figures had also indicated a rise of 0.30%.
German CPI advanced as expected in May
The final CPI in Germany climbed 0.10% on an annual basis in May, compared to a drop of 0.10% in the prior month. The preliminary figures had also recorded an advance of 0.10%. Markets were anticipating the CPI to climb 0.10%.
German wholesale price index advanced in May
The wholesale price index advanced 0.90% on a monthly basis, in May, in Germany. In the prior month, the wholesale price index had registered a rise of 0.30%.
German HICP advanced as expected in May
In May, the final harmonised consumer price index (HICP) rose 0.40% on a monthly basis in Germany, in line with market expectations. The preliminary figures had also indicated a rise of 0.40%. In the prior month, the HICP had recorded a drop of 0.50%.
German wholesale price index slid in May
In Germany, the wholesale price index dropped 2.30% on an annual basis, in May. The wholesale price index had recorded a drop of 2.70% in the prior month.
German HICP remained steady in May
The final HICP remained steady in Germany on an annual basis in May, meeting market expectations. The HICP had fallen 0.30% in the previous month. The preliminary figures had also indicated a steady reading.
French manufacturing production advanced more than expected in April
Manufacturing production in France registered a rise of 1.30% on a monthly basis in April, compared to a revised fall of 1.00% in the previous month. Markets were anticipating manufacturing production to rise 0.80%.
French industrial production rose more than expected in April
In France, industrial production climbed 1.20% in April, on a monthly basis, higher than market expectations for an advance of 0.40%. In the previous month, industrial production had fallen by a revised 0.40%.
Italian industrial production declined in April
In Italy, the non-seasonally adjusted industrial production registered a drop of 0.30% on an annual basis, in April. In the previous month, industrial production had fallen by a revised 0.50%.
Italian industrial production rose more than expected in April
The seasonally adjusted industrial production advanced 0.50% in Italy on a MoM basis in April, more than market expectations for a rise of 0.30%. Industrial production had registered a flat reading in the previous month.
Italian industrial production rose more than expected in April
In Italy, the working day adjusted industrial production advanced 1.80% in April, on a YoY basis, higher than market expectations for an advance of 1.00%. In the prior month, industrial production had risen 0.50%.
US recorded budget deficit in May
Budget deficit in the US stood at $52.51 billion in May, from a budget surplus of $106.45 billion in the prior month. Market anticipation was for the nation to post a budget deficit of $56.00 billion.
US Reuters/Michigan consumer sentiment index slid in June
The flash Reuters/Michigan consumer sentiment index in the US recorded a drop to 94.30 in June, compared to market expectations of a fall to a level of 94.00. In the previous month, the Reuters/Michigan consumer sentiment index had recorded a reading of 94.70.
Canadian participation rate dropped in May
The participation rate eased to 65.70% in May, in Canada. The participation rate had registered a reading of 65.80% in the prior month.
Number of full time employment in Canada recorded a rise in May
The number of full time employment in Canada rose by 60.50 K in May, compared to a loss of 2.40 K in the previous month.
Net number of people employed in Canada rose in May
The net number of people employed climbed by 13.80 K in Canada, in May, more than market expectations of an advance of 1.80 K. The net number of people employed had recorded a loss of 2.10 K in the prior month.
Canadian unemployment rate dropped unexpectedly in May
In May, the unemployment rate in Canada fell unexpectedly to a level of 6.90%, compared to a level of 7.10% in the prior month. Market anticipation was for the unemployment rate to climb to 7.20%.
Part time employment in Canada recorded a drop in May
Part time employment in Canada eased by 46.80 K in May, following a gain of 0.40 K in the previous month.
Japanese business survey index (BSI) of large manufacturing industries slid in 2Q 2016
Business survey index (BSI) of large manufacturing industries in Japan slid 11.10% in 2Q 2016 on a quarterly basis. In the previous quarter, business survey index (BSI) of large manufacturing industries had dropped 7.90%.
Japanese tertiary industry index advanced more than expected in April
On a monthly basis in April, the tertiary industry index advanced 1.40% in Japan, compared to a revised fall of 0.50% in the prior month. Market expectation was for the tertiary industry index to advance 0.60%.
Chinese industrial production (YTD) advanced as expected in May
In May, industrial production (YTD) recorded a rise of 5.90% in China on a YoY basis, compared to a rise of 5.80% in the prior month. Market expectation was for industrial production (YTD) to advance 5.90%.
Chinese retail sales (YTD) rose as expected in May
In May, on an annual basis, retail sales (YTD) recorded a rise of 10.20% in China, compared to a rise of 10.30% in the prior month. Market expectation was for retail sales (YTD) to climb 10.20%.
Chinese retail sales rose less than expected in May
Retail sales recorded a rise of 10.00% on an annual basis in May, in China, lower than market expectations for an advance of 10.10%. In the previous month, retail sales had recorded a rise of 10.10%.
Chinese industrial production advanced as expected in May
In May, industrial production in China rose 6.00% on an annual basis, at par with market expectations. In the previous month, industrial production had registered a similar rise.
Chinese actual FDI unexpectedly eased in May
In China, actual FDI recorded an unexpected drop of 1.00% on a YoY basis in May, lower than market expectations for a rise of 5.00%. Actual FDI had risen 6.00% in the prior month.
Chinese fixed assets investment excl. rural YTD advanced less than expected in May
In May, fixed assets investment excl. rural YTD climbed 9.60% on an annual basis in China, lower than market expectations for a rise of 10.50%. In the prior month, fixed assets investment excl. rural YTD had registered a rise of 10.50%.
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