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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CBI distributive trade survey’s retail sales balance rose in August
Compared to a level of 14.00% in the previous month the CBI distributive trade survey’s retail sales balance in the UK advanced to 9.00% in August. Market anticipation was for the CBI distributive trade survey’s retail sales balance to advance to 0.00%.
German Ifo current assessment index recorded an unexpected drop in August
The Ifo current assessment index dropped unexpectedly to 112.80 in Germany, in August, compared to market expectations of a rise to 114.90. The Ifo current assessment index had recorded a revised level of 114.80 in the previous month.
German Ifo business climate index registered a surprise drop in August
In Germany, the Ifo business climate index registered an unexpected drop to a level of 106.20 in August, lower than market expectations of an advance to 108.50. The Ifo business climate index had recorded a level of 108.30 in the previous month.
German Ifo business expectations index declined surprisingly in August
The Ifo business expectations index fell unexpectedly to 100.10 in August, in Germany, lower than market expectations of an advance to a level of 102.40. In the previous month, the Ifo business expectations index had registered a reading of 102.20.
French production outlook indicator fell in August
In August, the production outlook indicator in France registered a drop to 0.00. The production outlook indicator had registered a revised reading of 2.00 in the previous month.
French industrial business climate index registered a surprise drop in August
The industrial business climate index in France eased unexpectedly to a level of 101.00 in August, compared to a level of 102.00 in the prior month. Market anticipation was for the industrial business climate index to record a flat reading.
French own-company production outlook eased in August
In France, own-company production outlook eased to -1.00 in August, compared to a revised level of 2.00 in the prior month.
Spanish PPI fell in July
In Spain, the producer price index (PPI) registered a drop of 4.60% in July on a YoY basis. The PPI had dropped by a revised 4.50% in the previous month.
Spanish PPI remained flat in July
In Spain, the PPI remained unchanged in July on a monthly basis. In the previous month, the PPI had registered a revised rise of 2.00%.
Spanish GDP rose as expected in 2Q 2016
The final gross domestic product (GDP) climbed 3.20% on an annual basis in 2Q 2016, in Spain, compared to an advance of 3.40% in the prior quarter. Markets were expecting GDP to advance 3.20%. The preliminary figures had also recorded a rise of 3.20%.
Spanish GDP advanced more than expected in 2Q 2016
In 2Q 2016, the final GDP recorded a rise of 0.80% on a QoQ basis in Spain, higher than market expectations for an advance of 0.70%. GDP had registered a similar rise in the previous quarter. The preliminary figures had recorded a rise of 0.70%.
Swiss industrial production recorded a drop in 2Q 2016
Industrial production slid 1.20% on a YoY basis in Switzerland, in 2Q 2016. Industrial production had climbed by a revised 1.20% in the prior quarter.
US non-defence capital goods orders (ex aircraft) advanced more than expected in July
On a MoM basis, the flash non-defence capital goods orders (ex aircraft) in the US recorded a rise of 1.60% in July, more than market expectations for an advance of 0.20%. The non-defence capital goods orders (ex aircraft) had climbed 0.40% in the prior month.
US non-defence capital goods shipments (ex aircraft) recorded an unexpected drop in July
The preliminary non-defence capital goods shipments (ex aircraft) in the US unexpectedly eased 0.40% on a monthly basis in July, less than market expectations for a rise of 0.30%. The non-defence capital goods shipments (ex aircraft) had registered a drop of 0.20% in the prior month.
US Kansas City Fed manufacturing activity index advanced in August
Compared to a level of -6.00 in the prior month the Kansas City Fed manufacturing activity index rose to a level of -4.00 in August, in the US. Markets were anticipating the Kansas City Fed manufacturing activity index to advance to a level of -2.00.
US continuing jobless claims declined in the last week
The seasonally adjusted continuing jobless claims in the US registered a drop to 2145.00 K in the week ended 13 August 2016, lower than market expectations of a fall to a level of 2155.00 K. Continuing jobless claims had registered a reading of 2175.00 K in the previous week.
US Markit composite PMI slid in August
The preliminary Markit composite PMI registered a drop to 51.50 in August, in the US, compared to a level of 51.80 in the previous month.
US durable goods orders (ex transportation) rose more than expected in July
The flash durable goods orders (ex transportation) advanced 1.50% on a MoM basis in the US, in July, compared to a fall of 0.40% in the prior month. Markets were anticipating durable goods orders (ex transportation) to rise 0.40%.
US Markit services PMI declined unexpectedly in August
The flash Markit services PMI recorded an unexpected drop to a level of 50.90 in the US, in August, compared to a level of 51.40 in the previous month. Market expectation was for Markit services PMI to rise to a level of 51.80.
US durable goods orders advanced more than expected in July
In the US, the preliminary durable goods orders registered a rise of 4.40% in July, on a MoM basis, higher than market expectations for an advance of 3.40%. In the previous month, durable goods orders had fallen 3.90%.
US initial jobless claims declined surprisingly in the last week
Compared to a reading of 262.00 K in the prior week the seasonally adjusted initial jobless claims registered an unexpected drop to a level of 261.00 K in the US, in the week ended 20 August 2016. Markets were expecting initial jobless claims to rise to 265.00 K.
Japanese national consumer price index (CPI) fell as expected in July
The national consumer price index (CPI) in Japan fell 0.40% on a YoY basis in July, compared to a similar fall in the prior month. Markets were expecting the national consumer price index (CPI) to ease 0.40%.
Japanese Tokyo CPI excluding food and energy advanced less than expected in August
Tokyo CPI excluding food and energy in Japan recorded a rise of 0.10% in August on an annual basis, compared to an advance of 0.30% in the prior month. Market expectation was for Tokyo CPI excluding food and energy to rise 0.30%.
Japanese Tokyo CPI fell more than expected in August
Tokyo CPI registered a drop of 0.50% on an annual basis in August, in Japan, compared to a drop of 0.40% in the previous month. Market anticipation was for Tokyo CPI to drop 0.40%.
Japanese Tokyo CPI excluding fresh food fell as expected in August
In August, Tokyo CPI excluding fresh food fell 0.40% in Japan on an annual basis, compared to a similar fall in the prior month. Market expectation was for Tokyo CPI excluding fresh food to fall 0.40%.
Japanese National CPI ex-food, energy rose less than expected in July
National CPI ex-food, energy climbed 0.10% in Japan on an annual basis in July, less than market expectations for an advance of 0.40%. In the previous month, National CPI ex-food, energy had climbed 0.40%.
Japanese National CPI ex-fresh food declined as expected in July
In Japan, National CPI ex-fresh food fell 0.40% in July on a YoY basis, meeting market expectations. National CPI ex-fresh food had fallen 0.50% in the previous month.
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