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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction PMI registered a decline in July
In July, the construction PMI in the UK recorded a drop to 45.90, compared to market expectations of a fall to a level of 44.00. In the prior month, the construction PMI had registered a reading of 46.00.
UK BRC shop price index dropped in July
The BRC shop price index eased 1.60% on an annual basis in the UK, in July. In the prior month, the BRC shop price index had dropped 2.00%.
Euro-zone PPI rose more than expected in June
On a monthly basis in the Euro-zone, the producer price index (PPI) rose 0.70% in June, higher than market expectations for a rise of 0.40%. In the previous month, the PPI had climbed 0.60%.
Number of people unemployed in Spain fell in July
Number of people unemployed in Spain registered a drop of 84.00 K in July, compared to a decline of 124.30 K in the prior month. Market anticipation was for number of people unemployed to drop 70.00 K.
Swiss SVME manufacturing PMI dropped unexpectedly in July
The SVME manufacturing PMI eased unexpectedly to 50.10 in July, in Switzerland, compared to market expectations of an advance to 51.90. The SVME manufacturing PMI had registered a level of 51.60 in the prior month.
Swiss real retail sales dropped more than expected in June
On a YoY basis, real retail sales dropped 3.90% in June, in Switzerland, more than market expectations for a fall of 2.00%. In the prior month, real retail sales had recorded a revised drop of 1.70%.
US personal spending advanced more than expected in June
On a monthly basis, personal spending climbed 0.40% in June, in the US, compared to a similar rise in the previous month. Market expectation was for personal spending to advance 0.30%.
US personal income advanced less than expected in June
Personal income rose 0.20% on a monthly basis in June, in the US, less than market expectations for an advance of 0.30%. In the previous month, personal income had registered a similar rise.
US New York City current business condition index advanced in July
The New York City current business condition index in the US rose to a level of 60.70 in July, compared to a reading of 45.40 in the previous month.
US core personal consumption expenditure advanced as expected in June
In June, on a MoM basis, core personal consumption expenditure in the US recorded a rise of 0.10%, compared to an advance of 0.20% in the previous month. Markets were expecting core personal consumption expenditure to climb 0.10%.
US Redbook index fell in the last week
On a monthly basis, the seasonally adjusted Redbook index in the US recorded a drop of 0.60% in the week ended 29 July 2016. The Redbook index had registered a drop of 0.50% in the previous week.
US personal consumption expenditure deflator advanced as expected in June
Personal consumption expenditure deflator in the US recorded a rise of 0.90% on an annual basis in June, compared to a similar rise in the prior month. Markets were expecting personal consumption expenditure deflator to rise 0.90%.
US core personal consumption expenditure advanced as expected in June
On a YoY basis, core personal consumption expenditure registered a rise of 1.60% in June, in the US, meeting market expectations. In the prior month, core personal consumption expenditure had registered a similar rise.
US Redbook index recorded a rise in the last week
The Redbook index in the US climbed 0.30% in the week ended 29 July 2016 on a YoY basis. In the prior week, the Redbook index had recorded a rise of 0.60%.
US personal consumption expenditure deflator advanced less than expected in June
Personal consumption expenditure deflator climbed 0.10% on a monthly basis in June, in the US, less than market expectations for a rise of 0.20%. In the prior month, personal consumption expenditure deflator had climbed 0.20%.
BoJ’s June meeting minutes showed the board’s dissent over stimulus
The Bank of Japan’s (BoJ) June 15-16 policy meeting minutes revealed that the policymakers clashed over the need to modify stimulus measures in June. While one of the nine board members called for reducing the central bank’s program of purchasing Japanese government bonds, another member suggested that the BoJ should buy assets in a “flexible manner”. However, the central bank voted to leave monetary policy unchanged at the June meeting.
Japanese consumer confidence index slid surprisingly in July
In July, the consumer confidence index recorded an unexpected drop to 41.30 in Japan, compared to a reading of 41.80 in the prior month. Market expectation was for the consumer confidence index to advance to a level of 42.00.
Japanese Markit composite PMI climbed in July
In July, Markit composite PMI rose to a level of 50.10 in Japan, compared to a level of 49.00 in the previous month.
Chinese Caixin composite PMI advanced in July
Caixin composite PMI advanced to 51.90 in July, in China. In the prior month, Caixin composite PMI had recorded a level of 50.30.
Chinese Caixin/Markit services PMI index declined in July
In China, the Caixin/Markit services PMI index registered a drop to 51.70 in July, compared to a level of 52.70 in the previous month.
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