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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index declined more than expected in July
On a MoM basis, in the UK, the Halifax house price index registered a drop of 1.00% in July, more than market expectations for a drop of 0.20%. In the prior month, the Halifax house price index had registered a revised rise of 1.20%.
German factory orders surprisingly dropped in June
The seasonally adjusted factory orders in Germany unexpectedly dropped 0.40% on a monthly basis in June, less than market expectations for an advance of 0.50%. Factory orders had risen by a revised 0.10% in the previous month.
French trade deficit widened in June
In June, trade deficit in France expanded to €3.44 billion, compared to market expectations of a trade deficit of EUR 3.90 billion. France had registered a revised trade deficit of €2.72 billion in the prior month.
French imports remained flat in June
Imports in France remained flat at a level of €40.30 billion in June.
French exports slid in June
In June, exports in France eased to €36.90 billion, compared to a revised level of €37.50 billion in the previous month.
French current account deficit rose in June
Current account deficit in France expanded to €0.60 billion in June, following a current account deficit of €0.30 billion in the previous month.
Italian industrial production surprisingly fell in June
On a MoM basis, the seasonally adjusted industrial production in Italy unexpectedly fell 0.40% in June, compared to a fall of 0.60% in the prior month. Market anticipation was for industrial production to climb 0.30%.
Spanish calendar adjusted industrial output advanced less than expected in June
The calendar adjusted industrial output in Spain advanced 0.80% in June on an annual basis, less than market expectations for an advance of 1.30%. The calendar adjusted industrial output had advanced by a revised 0.90% in the previous month.
Swiss foreign currency reserves recorded a rise in July
Foreign currency reserves recorded a rise to CHF615.40 billion in July, in Switzerland. Foreign currency reserves had registered a revised reading of CHF609.00 billion in the prior month.
US average hourly earnings of all employees rose more than expected in July
In July, on a monthly basis, average hourly earnings of all employees climbed 0.30% in the US, higher than market expectations for a rise of 0.20%. Average hourly earnings of all employees had risen 0.10% in the previous month.
US consumer credit advanced less than expected in June
In the US, consumer credit registered a rise of $12.32 billion in June, compared to a revised rise of $17.91 billion in the previous month. Market expectation was for consumer credit to climb $16.00 billion.
Manufacturing payrolls in the US climbed in July
In the US, manufacturing payrolls rose by 9.00 K in July, more than market anticipations of an advance of 4.00 K. Manufacturing payrolls had recorded a revised gain of 15.00 K in the previous month.
US average weekly hours of all employees rose unexpectedly in July
In July, average weekly hours of all employees recorded an unexpected rise to 34.50 in the US, compared to market expectations of an unchanged reading. In the prior month, average weekly hours of all employees had registered a reading of 34.40.
Household employment in the US rose in July
Household employment in the US registered a rise of 420.00 K in July. Household employment had recorded a gain of 67.00 K in the prior month.
Private payrolls in the US recorded a rise in July
In the US, private payrolls registered a rise of 217.00 K in July, higher than market anticipations of an advance of 170.00 K. Private payrolls had registered a revised gain of 259.00 K in the prior month.
US unemployment rate remained steady in July
Unemployment rate remained flat at 4.90% in the US, in July, compared to market expectations of a fall to 4.80%.
US trade deficit rose in June
In June, trade deficit in the US widened to $44.50 billion, compared to market expectations of a trade deficit of $43.00 billion. The US had reported a revised trade deficit of $41.00 billion in the previous month.
Non-farm payrolls in the US climbed in July
Non-farm payrolls in the US recorded an increase of 255.00 K in July, compared to a revised advance of 292.00 K in the prior month. Market expectation was for non-farm payrolls to advance 180.00 K.
US average hourly earnings of all employees advanced as expected in July
In July, on a YoY basis, average hourly earnings of all employees climbed 2.60% in the US, at par with market expectations. In the prior month, average hourly earnings of all employees had registered a similar rise.
Number of full time employment in Canada fell in July
The number of full time employment in Canada eased by 71.40 K in July. The number of full time employment had registered a decline of 40.10 K in the previous month.
Canadian participation rate registered a drop in July
In July, the participation rate registered a drop to 65.40% in Canada. The participation rate had registered a level of 65.50% in the previous month.
Canadian Ivey PMI advanced surprisingly in July
In July, the seasonally adjusted Ivey PMI advanced unexpectedly to a level of 57.00 in Canada, higher than market expectations of a fall to 50.90. Ivey PMI had registered a level of 51.70 in the prior month.
Net number of people employed in Canada slid unexpectedly in July
The net number of people employed fell unexpectedly by 31.20 K in Canada, in July, less than market expectations of an advance of 10.00 K. The net number of people employed had recorded a fall of 0.70 K in the prior month.
Canadian unemployment rate climbed in July
In Canada, the unemployment rate rose to a level of 6.90% in July, meeting market expectations. The unemployment rate had registered a level of 6.80% in the previous month.
Canadian international merchandise trade deficit expanded in June
Canada has registered the international merchandise trade deficit of C$3.63 billion in June, from a revised international merchandise trade deficit of C$3.50 billion in the prior month. Markets were expecting the nation to post an international merchandise trade deficit of C$2.84 billion.
Part time employment in Canada registered a rise in July
Part time employment registered a rise of 40.20 K in Canada, in July, following an increase of 39.40 K in the prior month.
Japanese (BOP basis) trade surplus rose in June
The trade surplus in Japan, on a BOP basis, expanded to ¥763.60 billion in June, from a surplus of ¥39.90 billion in the previous month. Markets were expecting the nation to record a surplus of ¥773.30 billion.
Japanese current account surplus dropped in June
The non-seasonally adjusted current account surplus in Japan fell to ¥974.40 billion in June, less than market expectations of a current account surplus of ¥1100.00 billion. Japan had posted a current account surplus of ¥1809.10 billion in the prior month.
Japanese bank lending including trusts climbed in July
Bank lending including trusts climbed 2.10% in Japan on an annual basis, in July. Bank lending including trusts had recorded a rise of 2.00% in the previous month.
Japanese total adjusted (total) current account surplus rose in June
The total adjusted current account surplus in Japan rose to ¥1648.40 billion in June, from a surplus of ¥1414.50 billion in the prior month. Market expectation was for the nation’s total adjusted current account surplus to expand to ¥1600.10 billion.
Japanese leading economic index declined surprisingly in June
In June, the preliminary leading economic index in Japan recorded an unexpected drop to a level of 98.40, compared to market expectations of a steady reading. In the prior month, the leading economic index had registered a level of 99.70.
Japanese coincident index rose in June
The preliminary coincident index in Japan registered a rise to 110.50 in June, compared to market expectations of a rise to 111.20. The coincident index had registered a level of 109.90 in the prior month.
Chinese trade surplus widened in July
China has posted trade surplus of $52.31 billion in July, following a trade surplus of $48.11 billion in the prior month. Market anticipation was for the nation to record a trade surplus of $47.30 billion.
Chinese imports dropped more than expected in July
On an annual basis in China, imports registered a drop of 12.50% in July, more than market expectations for a fall of 7.00%. Imports had registered a drop of 8.40% in the prior month.
Chinese exports dropped more than expected in July
In July, exports registered a drop of 4.40% in China on a YoY basis, higher than market expectations for a fall of 3.50%. In the previous month, exports had recorded a drop of 4.80%.
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