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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK M4 money supply climbed in June
On an annual basis, M4 money supply in the UK rose 3.50% in June. In the previous month, M4 money supply had risen 1.80%.
UK net lending secured on dwellings advanced more than expected in June
Net lending secured on dwellings in the UK advanced £3.30 billion in June, compared to a revised advance of £2.90 billion in the previous month. Market expectation was for net lending secured on dwellings to rise £2.70 billion.
UK consumer credit recorded a rise in June
The seasonally adjusted consumer credit recorded a rise of £21.50 billion, in June, in the UK. In the previous month, consumer credit had advanced by a revised £21.43 billion.
UK number of mortgage approvals for house purchases fell in June
Number of mortgage approvals for house purchases dropped to 64.80 K in June, in the UK, compared to a revised level of 66.70 K in the previous month. Market anticipation was for number of mortgage approvals for house purchases to ease to a level of 65.50 K.
UK net consumer credit rose more than expected in June
In the UK, net consumer credit registered a rise of £1.80 billion in June, compared to a revised rise of GBP 1.60 billion in the prior month. Market expectation was for net consumer credit to rise £1.40 billion.
UK M4 money supply recorded a rise in June
M4 money supply registered a rise of 1.10% in the UK on a MoM basis, in June. In the previous month, M4 money supply had recorded a revised rise of 1.30%.
Euro-zone core CPI rose more than expected in July
The preliminary core consumer price index (CPI) in the Euro-zone recorded a rise of 0.90% in July on an annual basis, compared to a similar rise in the prior month. Markets were anticipating the core CPI to rise 0.80%.
Euro-zone GDP advanced more than expected in 2Q 2016
In 2Q 2016, on a YoY basis, the seasonally adjusted flash gross domestic product (GDP) climbed 1.60% in the Euro-zone, compared to an advance of 1.70% in the previous quarter. Markets were expecting GDP to advance 1.50%.
Euro-zone unemployment rate remained flat in June
The unemployment rate remained unchanged at a level of 10.10% in June, in the Euro-zone. Market anticipation was for the unemployment rate to record a steady reading.
Euro-zone CPI advanced in July
In the Euro-zone, the preliminary CPI registered a rise of 0.20% in July on a YoY basis. The CPI had advanced 0.10% in the previous month.
Euro-zone GDP advanced as expected in 2Q 2016
The seasonally adjusted preliminary GDP advanced 0.30% in the Euro-zone on a QoQ basis in 2Q 2016, meeting market expectations. In the prior quarter, GDP had advanced 0.60%.
German retail sales rose more than expected in June
In June, on a YoY basis, retail sales in Germany advanced 2.70%, compared to a revised rise of 2.80% in the prior month. Markets were anticipating retail sales to advance 1.50%.
German retail sales unexpectedly eased in June
In Germany, retail sales unexpectedly eased 0.10% in June on a MoM basis, lower than market expectations for a rise of 0.10%. In the prior month, retail sales had registered a revised rise of 0.70%.
French EU normalised CPI declined as expected in July
In July on a monthly basis, the flash EU normalised CPI in France recorded a drop of 0.40%, in line with market expectations. In the prior month, EU normalised CPI had risen 0.10%.
French CPI (ex-tobacco) declined as expected in July
In July, the preliminary CPI (ex-tobacco) recorded a drop of 0.40% in France on a MoM basis, compared to a rise of 0.10% in the prior month. Markets were expecting the CPI (ex-tobacco) to ease 0.40%.
French GDP remained flat in 2Q 2016
On a quarterly basis, the flash GDP remained steady in 2Q 2016, in France, less than market expectations for an advance of 0.20%. In the prior quarter, GDP had recorded a revised rise of 0.70%.
French GDP rose less than expected in 2Q 2016
In 2Q 2016, on a YoY basis, the flash GDP advanced 1.40% in France, compared to an advance of 1.30% in the previous quarter. Markets were anticipating GDP to advance 1.60%.
French consumer spending unexpectedly fell in June
On a monthly basis in France, consumer spending recorded an unexpected drop of 0.80% in June, lower than market expectations for an advance of 0.20%. Consumer spending had registered a revised similar fall in the prior month.
Italian EU normalised CPI dropped less than expected in July
In July, the preliminary EU normalised CPI in Italy recorded a drop of 1.80% on a MoM basis, lower than market expectations for a fall of 1.90%. In the previous month, the EU normalised CPI had registered a rise of 0.20%.
Italian PPI slid in June
The producer price index (PPI) recorded a drop of 3.40% on an annual basis in Italy, in June. In the previous month, the PPI had dropped by a revised 4.10%.
Italian CPI surprisingly rose in July
On a MoM basis, the flash CPI in Italy unexpectedly climbed 0.20% in July, higher than market expectations for a steady reading. In the previous month, the CPI had registered a rise of 0.10%.
Italian unemployment rate advanced unexpectedly in June
In June, unemployment rate recorded an unexpected rise to 11.60% in Italy, compared to market expectations of a drop to 11.40%. Unemployment rate had recorded a level of 11.50% in the prior month.
Italian PPI climbed in June
In June, on a monthly basis, the PPI rose 0.50% in Italy. The PPI had recorded a rise of 0.70% in the previous month.
Spanish CPI declined more than expected in July
On an annual basis in July, the preliminary CPI dropped 0.60% in Spain, compared to a fall of 0.80% in the prior month. Market expectation was for the CPI to fall 0.50%.
Spanish current account surplus expanded in May
Current account surplus in Spain expanded to €2.80 billion in May, compared to a current account surplus of €2.60 billion in the previous month.
Spanish GDP rose more than expected in 2Q 2016
In 2Q 2016, the flash GDP in Spain recorded a rise of 3.20% on an annual basis, more than market expectations for an advance of 3.10%. In the previous quarter, GDP had registered a rise of 3.40%.
Spanish GDP advanced as expected in 2Q 2016
The flash GDP climbed 0.70% on a quarterly basis in Spain in 2Q 2016, meeting market expectations. In the previous quarter, GDP had recorded a rise of 0.80%.
Spanish HICP index fell less than expected in July
The flash harmonised consumer price (HICP) index recorded a drop of 1.30% in Spain on a monthly basis in July, compared to a rise of 0.40% in the previous month. Market expectation was for the HICP index to drop 1.50%.
Spanish HICP index declined less than expected in July
The flash HICP index in Spain slid 0.60% in July on an annual basis, compared to a drop of 0.90% in the previous month. Markets were expecting the HICP index to ease 0.80%.
Spanish CPI dropped less than expected in July
In July, on a monthly basis, the preliminary CPI registered a drop of 0.70% in Spain, less than market expectations for a fall of 0.90%. The CPI had climbed 0.50% in the previous month.
Swiss KOF economic barometer registered an unexpected rise in July
In Switzerland, the KOF economic barometer registered an unexpected rise to 102.70 in July, higher than market expectations of a fall to a level of 101.40. The KOF economic barometer had recorded a revised level of 102.60 in the prior month.
US GDP price index rose more than expected in 2Q 2016
On a QoQ basis, in 2Q 2016, the flash GDP price index recorded a rise of 2.20% in the US, more than market expectations for a rise of 1.90%. In the previous quarter, the GDP price index had recorded a rise of 0.40%.
US Chicago Fed purchasing managers index fell in July
The Chicago Fed purchasing managers index in the US eased to 55.80 in July, higher than market expectations of a fall to a level of 54.00. In the prior month, the Chicago Fed purchasing managers index had recorded a level of 56.80.
US annualised GDP advanced less than expected in 2Q 2016
In 2Q 2016, on a quarterly basis, the preliminary annualised gross domestic product registered a rise of 1.20% in the US, less than market expectations for an advance of 2.50%. In the previous quarter, the annualised GDP had risen 1.10%.
US employment cost index rose as expected in 2Q 2016
On a QoQ basis, in 2Q 2016, the employment cost index rose 0.60% in the US, meeting market expectations. The employment cost index had registered a similar rise in the prior quarter.
US personal consumption rose less than expected in 2Q 2016
The flash personal consumption in the US advanced 4.20% in 2Q 2016 on a quarterly basis, lower than market expectations for an advance of 4.40%. Personal consumption had recorded a rise of 1.50% in the previous quarter.
US core personal consumption expenditure rose as expected in 2Q 2016
The preliminary core personal consumption expenditure advanced 1.70% on a quarterly basis in the US in 2Q 2016, at par with market expectations. In the prior quarter, core personal consumption expenditure had advanced 2.00%.
US Reuters/Michigan consumer sentiment index recorded a drop in July
The final Reuters/Michigan consumer sentiment index in the US eased to 90.00 in July compared to a level of 93.50 in the prior month. Markets were expecting the Reuters/Michigan consumer sentiment index to fall to 90.20. The preliminary figures had recorded an unchanged reading.
Canadian industrial product price index rose more than expected in June
In June, the industrial product price index rose 0.60% in Canada on a monthly basis, higher than market expectations for a rise of 0.10%. In the prior month, the industrial product price index had advanced by a revised 1.20%.
Canadian raw material price index rose less than expected in June
In June, on a monthly basis, the raw material price index recorded a rise of 1.80% in Canada, less than market expectations for an advance of 3.00%. The raw material price index had climbed by a revised 7.00% in the previous month.
Canadian GDP advanced less than expected in May
In May, the GDP rose 1.00% on an annual basis in Canada, lower than market expectations for an advance of 1.20%. The GDP had advanced 1.50% in the previous month.
Canadian GDP declined more than expected in May
In May, on a monthly basis, the GDP in Canada registered a drop of 0.60%, compared to a rise of 0.10% in the prior month. Markets were anticipating the GDP to fall 0.50%.
Japanese housing starts dropped less than expected in June
Housing starts recorded a drop of 2.50% on an annual basis in June, in Japan, lower than market expectations for a fall of 2.70%. Housing starts had recorded a rise of 9.80% in the previous month.
Japanese construction orders dropped in June
In Japan, construction orders dropped 2.40% on a YoY basis, in June. Construction orders had risen 34.50% in the prior month.
Japanese manufacturing PMI recorded a rise in July
In July, the final manufacturing PMI registered a rise to 49.30 in Japan, compared to a reading of 48.10 in the prior month. The preliminary figures had indicated an advance to 49.00.
Japanese annualised housing starts registered a drop in June
In June, the annualised housing starts in Japan eased to 1.00 million units, compared to a reading of 1.02 million units in the prior month. Markets were expecting the annualised housing starts to drop to a level of 1.00 million units.
Chinese NBS non-manufacturing PMI advanced in July
The NBS non-manufacturing PMI in China advanced to 53.90 in July, compared to a level of 53.70 in the previous month.
Chinese NBS manufacturing PMI recorded an unexpected drop in July
The NBS manufacturing PMI in China eased unexpectedly to a level of 49.90 in July, compared to a reading of 50.00 in the prior month. Markets were expecting the NBS manufacturing PMI to record a flat reading.
Chinese Caixin/Markit manufacturing PMI index climbed in July
In China, Caixin/Markit manufacturing PMI index advanced to 50.60 in July, higher than market expectations of an advance to 48.80. In the previous month, Caixin/Markit manufacturing PMI index had registered a level of 48.60.
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