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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK visible trade deficit widened in May
The UK has registered visible trade deficit of £9.88 billion in May, compared to a revised visible trade deficit of £9.41 billion in the previous month. Market anticipation was for a visible trade deficit of £10.70 billion.
UK trade deficit widened in May
Non-EU trade deficit in the UK widened to £2.57 billion in May, from a revised trade deficit of £2.52 billion in the previous month. Market expectation was for the country’s trade deficit to rise to £2.80 billion.
UK total trade deficit expanded in May
The UK has reported total trade deficit of £2.26 billion in May, following a revised total trade deficit of £1.95 billion in the previous month. Markets were expecting a total trade deficit of £3.57 billion.
German exports surprisingly fell in May
On a monthly basis, the seasonally adjusted exports unexpectedly fell 1.80% in May, in Germany, less than market expectations for a rise of 0.40%. In the previous month, exports had climbed by a revised 0.10%.
German current account surplus dropped in May
The non-seasonally adjusted current account surplus in Germany fell to €17.50 billion in May, following a revised current account surplus of €28.40 billion in the previous month. Markets were anticipating the country’s current account surplus to drop to €24.60 billion.
German imports advanced less than expected in May
The seasonally adjusted imports in Germany rose 0.10% on a MoM basis in May, less than market expectations for an advance of 0.70%. In the prior month, imports had recorded a revised drop of 0.30%.
German trade surplus fell in May
The seasonally adjusted trade surplus in Germany narrowed to €21.00 billion in May, compared to a revised trade surplus of €25.70 billion in the prior month. Market anticipation was for the country’s trade surplus to drop to €23.50 billion.
French budget deficit rose in May
Budget deficit in France rose to €65.70 billion in May, compared to a budget deficit of €56.50 billion in the previous month.
French industrial production declined as expected in May
Industrial production eased 0.50% on a monthly basis in May, in France, in line with market expectations. In the prior month, industrial production had advanced 1.20%.
French manufacturing production remained flat in May
In France, manufacturing production remained flat in May on a MoM basis, more than market expectations for a drop of 0.50%. In the prior month, manufacturing production had recorded a rise of 1.30%.
Swiss unemployment rate recorded an unexpected drop in June
In June, the non-seasonally adjusted unemployment rate in Switzerland eased unexpectedly to 3.10%, compared to market expectations of an advance to a level of 3.30%. In the prior month, unemployment rate had registered a revised level of 3.20%.
Swiss unemployment rate remained flat in June
The seasonally adjusted unemployment rate in Switzerland remained steady at a level of 3.30% in June. Market expectation was for unemployment rate to rise to a level of 3.50%.
Non-farm payrolls in the US rose in June
In the US, non-farm payrolls registered a rise of 287.00 K in June, compared to a revised gain of 11.00 K in the prior month. Markets were expecting non-farm payrolls to advance 180.00 K.
Household employment in the US advanced in June
Household employment rose by 67.00 K in the US, in June. Household employment had recorded an increase of 26.00 K in the previous month.
US average hourly earnings of all employees advanced less than expected in June
In June, average hourly earnings of all employees climbed 0.10% in the US on a MoM basis, lower than market expectations for a rise of 0.20%. In the prior month, average hourly earnings of all employees had climbed 0.20%.
US unemployment rate climbed in June
In the US, unemployment rate climbed to 4.90% in June, compared to a level of 4.70% in the prior month. Market anticipation was for unemployment rate to climb to 4.80%.
US average hourly earnings of all employees advanced less than expected in June
On an annual basis, average hourly earnings of all employees recorded a rise of 2.60% in June, in the US, compared to a rise of 2.50% in the prior month. Market anticipation was for average hourly earnings of all employees to advance 2.70%.
US consumer credit rose more than expected in May
Consumer credit in the US registered a rise of $18.56 billion in May, compared to a revised advance of $13.40 billion in the previous month. Markets were expecting consumer credit to rise $16.00 billion.
US average weekly hours of all employees remained steady in June
Average weekly hours of all employees remained flat at 34.40 in June, in the US. Markets were anticipating average weekly hours of all employees to remain unchanged.
Manufacturing payrolls in the US rose surprisingly in June
Manufacturing payrolls recorded an unexpected increase of 14.00 K in the US, in June, compared to market expectations of a decline of 3.00 K. Manufacturing payrolls had recorded a revised decline of 16.00 K in the prior month.
US underemployment rate declined in June
In June, underemployment rate registered a drop to 9.60% in the US. In the previous month, underemployment rate had registered a level of 9.70%.
Private payrolls in the US recorded a rise in June
In the US, private payrolls rose by 265.00 K in June, higher than market expectations of an advance of 170.00 K. Private payrolls had recorded a revised decline of 6.00 K in the prior month.
Canadian unemployment rate recorded a surprise drop in June
In June, the unemployment rate fell unexpectedly to 6.80% in Canada, compared to market expectations of an advance to a level of 7.00%. In the prior month, the unemployment rate had registered a reading of 6.90%.
Net number of people employed in Canada unexpectedly slid in June
The net number of people employed fell unexpectedly by 0.70 K in Canada, in June, compared to an advance of 13.80 K in the previous month. Market anticipation was for the net number of people employed to advance 5.00 K.
Number of full time employment in Canada recorded a drop in June
The number of full time employment in Canada dropped by 40.10 K in June, following an advance of 60.50 K in the previous month.
Part time employment in Canada recorded a rise in June
Part time employment in Canada rose by 39.40 K in June. Part time employment had recorded a loss of 46.80 K in the prior month.
Canadian participation rate dropped in June
In June, the participation rate registered a drop to 65.50% in Canada, compared to a reading of 65.70% in the prior month.
Japanese money supply M2+CD advanced as expected in June
Money supply M2+CD rose 3.40% in Japan, on an annual basis in June, at par with market expectations. In the previous month, money supply M2+CD had registered a similar rise.
Japanese machinery orders declined more than expected in May
In May, machinery orders registered a drop of 11.70% on a YoY basis in Japan, more than market expectations for a fall of 8.80%. Machinery orders had recorded a drop of 8.20% in the previous month.
Japanese machinery orders unexpectedly dropped in May
In May, machinery orders unexpectedly dropped 1.40% in Japan on a MoM basis, lower than market expectations for a rise of 3.20%. Machinery orders had dropped 11.00% in the previous month.
Japanese Eco Watchers Survey for future outlook declined in June
Eco Watchers Survey for the future outlook in Japan recorded a drop to 41.50 in June, lower than market expectations of a drop to a level of 46.70. Eco Watchers Survey for the future outlook had registered a reading of 47.30 in the prior month.
Japanese Eco Watchers Survey for current situation declined unexpectedly in June
In June, Eco Watchers Survey for the current situation in Japan eased unexpectedly to a level of 41.20, compared to a reading of 43.00 in the prior month. Market anticipation was for Eco Watchers Survey for the current situation to climb to a level of 43.10.
Japanese M3 money supply advanced more than expected in June
In June, M3 money supply climbed 2.90% on a YoY basis in Japan, higher than market expectations for a rise of 2.80%. M3 money supply had registered a revised similar rise in the previous month.
Japanese corporate bankruptcies declined in June
Corporate bankruptcies registered a drop of 7.40% on an annual basis in Japan, in June. Corporate bankruptcies had registered a drop of 7.32% in the previous month.
Chinese CPI slid in June
In China, the consumer price index (CPI) fell 0.10% in June on a MoM basis. The CPI had registered a drop of 0.50% in the previous month.
Chinese PPI declined more than expected in June
The producer price index (PPI) fell 2.60% in China on a YoY basis in June, more than market expectations for a fall of 2.50%. The PPI had fallen 2.80% in the previous month.
Chinese CPI advanced more than expected in June
In China, the CPI registered a rise of 1.90% on a YoY basis in June, higher than market expectations for a rise of 1.80%. In the prior month, the CPI had climbed 2.00%.
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