The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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UK construction output declined less than expected in May
Construction output dropped 1.90% on a YoY basis in the UK, in May, less than market expectations for a drop of 3.50%. Construction output had registered a revised drop of 0.60% in the prior month.
UK Rightmove house price index eased in July
On a monthly basis, the Rightmove house price index recorded a drop of 0.90% in July, in the UK. The Rightmove house price index had advanced 0.80% in the previous month.
UK Rightmove house price index advanced in July
On an annual basis, the Rightmove house price index rose 4.50% in the UK, in July. In the prior month, the Rightmove house price index had advanced 5.50%.
Euro-zone trade surplus dropped in May
In May, the non-seasonally adjusted trade surplus in the Euro-zone dropped to €24.60 billion, from a trade surplus of €27.50 billion in the prior month. Market anticipation was for the region to register a trade surplus of €25.00 billion.
Euro-zone CPI advanced as expected in June
In June, on a monthly basis, the consumer price index (CPI) in the Euro-zone recorded a rise of 0.20%, meeting market expectations. The CPI had climbed 0.40% in the previous month.
Euro-zone trade surplus narrowed in May
The seasonally adjusted trade surplus in the Euro-zone fell to €24.50 billion in May, compared to a revised trade surplus of €25.40 billion in the previous month. Markets were anticipating the region’s a trade surplus to narrow to €25.00 billion.
Euro-zone CPI advanced as expected in June
In June, the final CPI recorded a rise of 0.10% in the Euro-zone on an annual basis, compared to a drop of 0.10% in the previous month. The preliminary figures had also indicated an advance of 0.10%. Markets were anticipating the CPI to climb 0.10%.
Euro-zone core CPI advanced as expected in June
On a YoY basis, the final core CPI recorded a rise of 0.90% in the Euro-zone, in June, meeting market expectations. The core CPI had advanced 0.80% in the prior month. The preliminary figures had also indicated an advance of 0.90%.
Euro-zone new car registrations in EU 28 countries advanced in June
New car registrations in the EU 28 countries in the Euro-zone registered a rise of 6.90% in June on an annual basis. New car registrations in the EU 28 countries had advanced 16.00% in the previous month.
Italian trade surplus expanded in May
In May, (EU countries) trade surplus in Italy widened to €1.78 billion. Italy had reported a revised trade surplus of €0.91 billion in the previous month.
US retail sales Control Group advanced more than expected in June
Retail sales Control Group registered a rise of 0.50% on a monthly basis in the US, in June, more than market expectations for a rise of 0.30%. In the prior month, retail sales Control Group had registered a revised similar rise.
US manufacturing production advanced more than expected in June
In June, on a MoM basis, manufacturing production rose 0.40% in the US, compared to a revised drop of 0.30% in the prior month. Markets were expecting manufacturing production to advance 0.30%.
US business inventories advanced more than expected in May
Business inventories registered a rise of 0.20% in the US, on a monthly basis in May, more than market expectations for a rise of 0.10%. In the prior month, business inventories had advanced 0.10%.
US CPI advanced in June
The non-seasonally adjusted CPI recorded a rise to 241.04 in June, in the US, compared to market expectations of an advance to 241.11. The CPI had registered a level of 240.24 in the previous month.
US capacity utilisation registered a rise in June
Compared to a reading of 74.90% in the prior month capacity utilisation recorded a rise to 75.40% in June, in the US. Market expectation was for capacity utilisation to advance to 75.10%.
US advance retail sales advanced more than expected in June
In June, on a monthly basis, advance retail sales registered a rise of 0.60% in the US, higher than market expectations for an advance of 0.10%. In the previous month, advance retail sales had recorded a revised rise of 0.20%.
US retail sales ex-autos rose more than expected in June
In the US, retail sales ex-autos rose 0.70% on a MoM basis in June, higher than market expectations for an advance of 0.40%. In the previous month, retail sales ex-autos had climbed 0.40%.
US retail sales (ex-auto & gas) rose more than expected in June
On a MoM basis in June, retail sales (ex-auto & gas) climbed 0.70% in the US, compared to a revised rise of 0.20% in the prior month. Market expectation was for retail sales (ex-auto & gas) to rise 0.30%.
US industrial production rose more than expected in June
Industrial production registered a rise of 0.60% on a MoM basis in the US, in June, compared to a revised drop of 0.30% in the previous month. Markets were expecting industrial production to advance 0.30%.
US NY Empire State manufacturing index fell in July
The NY Empire State manufacturing index in the US dropped to 0.55 in July, lower than market expectations of a fall to a level of 5.00. The NY Empire State manufacturing index had recorded a reading of 6.01 in the prior month.
US CPI rose less than expected in June
In the US, the CPI recorded a rise of 0.20% on a monthly basis in June, lower than market expectations for a rise of 0.30%. In the previous month, the CPI had registered a similar rise.
US CPI (ex-food & energy) rose more than expected in June
In June, on a YoY basis, the CPI (ex-food & energy) registered a rise of 2.30% in the US, compared to a rise of 2.20% in the prior month. Market anticipation was for the CPI (ex-food & energy) to advance 2.20%.
US core CPI advanced in June
The seasonally adjusted core consumer price index registered a rise to 247.50 in June, in the US, lower than market expectations of a rise to a level of 247.52. In the previous month, the core consumer price index had recorded a level of 247.07.
US CPI (ex-food & energy) rose as expected in June
The CPI (ex-food & energy) advanced 0.20% in the US on a MoM basis in June, in line with market expectations. In the prior month, the CPI (ex-food & energy) had registered a similar rise.
US Reuters/Michigan consumer sentiment index eased surprisingly in July
The preliminary Reuters/Michigan consumer sentiment index eased unexpectedly to a level of 89.50 in the US, in July, lower than market expectations of a steady reading. In the previous month, the Reuters/Michigan consumer sentiment index had registered a reading of 93.50.
US CPI advanced less than expected in June
In June, the CPI registered a rise of 1.00% in the US on an annual basis, compared to a similar rise in the previous month. Markets were expecting the CPI to climb 1.10%.
Canadian manufacturing shipments dropped less than expected in May
In May, on a MoM basis, manufacturing shipments in Canada fell 0.10%, compared to an advance of 1.00% in the prior month. Markets were anticipating manufacturing shipments to drop 0.80%.
Canadian existing home sales dropped in June
Existing home sales recorded a drop of 0.90% in Canada on a monthly basis, in June. Existing home sales had dropped 2.80% in the previous month.
Chinese house price index rose in June
On a YoY basis, the house price index recorded a rise of 7.30% in China, in June. In the previous month, the house price index had climbed 6.90%.
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