The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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UK public sector net borrowing reported a surplus in July
The public sector net borrowing in the UK has posted a surplus £1.50 billion in July, from a revised deficit of £7.50 billion in the previous month. Markets were expecting public sector net borrowing to show a surplus of £2.20 billion.
German PPI rose more than expected in July
The PPI recorded a rise of 0.20% on a MoM basis in Germany in July, higher than market expectations for a rise of 0.10%. In the prior month, the PPI had risen 0.40%.
Spanish trade deficit rose in June
Trade deficit in Spain rose to €1.36 billion in June, from a trade deficit of €0.94 billion in the previous month.
Canadian retail sales unexpectedly dropped in June
In June, retail sales registered an unexpected drop of 0.10% in Canada on a monthly basis, compared to a revised flat reading in the prior month. Markets were expecting retail sales to advance 0.50%.
Canadian core CPI remained unchanged in July
On a MoM basis, the core CPI in Canada remained flat in July, at par with market expectations. In the previous month, the core CPI had recorded an unchanged reading.
Canadian CPI unexpectedly dropped in July
The CPI unexpectedly dropped by, on MoM basis, to a level of 128.90 in Canada, in July, lower than market expectations of 129.20. The CPI had recorded a level of 129.10 in the prior month.
Canadian CPI unexpectedly dropped in July
In Canada, the CPI unexpectedly dropped 0.20% in July on a MoM basis, lower than market expectations for a steady reading. The CPI had advanced 0.20% in the prior month.
Japanese nationwide department store sales recorded a drop in July
On an annual basis, nationwide department store sales slid 0.10% in July, in Japan. In the previous month, nationwide department store sales had dropped 3.50%.
Japanese all industry activity index rose more than expected in June
On a monthly basis, in June, the all industry activity index climbed 1.00% in Japan, more than market expectations for an advance of 0.90%. The all industry activity index had recorded a revised drop of 1.30% in the prior month.
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