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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK M4 money supply climbed in July
In the UK, M4 money supply registered a rise of 3.90% in July on an annual basis. M4 money supply had risen by a revised 3.60% in the previous month.
UK business barometer declined in August
In August, the business barometer in the UK recorded a drop to 16.00. In the prior month, the business barometer had recorded a reading of 29.00.
UK M4 Ex-IOFCs 3M annualised rose more than expected in July
On a MoM basis, M4 Ex-IOFCs 3M annualised rose 14.70% in the UK, in July, higher than market expectations for an advance of 7.10%. In the previous month, M4 Ex-IOFCs 3M annualised had recorded a revised rise of 8.70%.
UK number of mortgage approvals for house purchases declined in July
In July, number of mortgage approvals for house purchases registered a drop to 60.90 K in the UK, compared to a revised level of 64.20 K in the prior month. Market anticipation was for number of mortgage approvals for house purchases to drop to 61.90 K.
UK consumer confidence rose in August
Compared to a reading of -12.00 in the prior month the consumer confidence recorded a rise to -7.00 in the UK, in August. Market anticipation was for the consumer confidence to advance to a level of -8.00.
UK net consumer credit rose less than expected in July
Net consumer credit registered a rise of £1.20 billion in the UK, in July, compared to a revised rise of £1.90 billion in the previous month. Market anticipation was for net consumer credit to rise £1.70 billion.
UK net lending secured on dwellings advanced less than expected in July
Net lending secured on dwellings in the UK recorded a rise of £2.70 billion in July, less than market expectations for a rise of £3.10 billion. Net lending secured on dwellings had registered a revised rise of £3.20 billion in the previous month.
UK M4 money supply rose in July
On a MoM basis, M4 money supply in the UK advanced 1.20%. M4 money supply had registered a revised similar rise in the prior month.
UK consumer credit advanced in July
Seasonally adjusted consumer credit climbed £21.90 billion, in July, in the UK. Consumer credit had risen by a revised £21.56 billion in the previous month.
Euro-zone services sentiment indicator registered a drop in August
The services sentiment indicator eased to 10.00 in the Eurozone, in August, compared to a revised level of 11.20 in the previous month. Markets were anticipating the services sentiment indicator to drop to 11.10.
Euro-zone consumer confidence index recorded a drop in August
The final consumer confidence index fell to a level of -8.50 in the Euro-zone, in August, in line with market expectations. The preliminary figures had also indicated a fall to -8.50. In the previous month, the consumer confidence index had registered a reading of -7.90.
Euro-zone economic sentiment indicator declined in August
In August, the economic sentiment indicator in the Euro-zone dropped to 103.50, compared to a revised reading of 104.50 in the previous month. Markets were anticipating the economic sentiment indicator to fall to a level of 104.10.
Euro-zone business climate indicator eased in August
The business climate indicator dropped to 0.02 in the Euro-zone, in August, compared to market expectations of a drop to 0.36. The business climate indicator had recorded a revised reading of 0.38 in the previous month.
Euro-zone industrial confidence index slid in August
Compared to a revised level of -2.60 in the previous month the industrial confidence index fell to a level of -4.40 in August, in the Euro-zone. Markets were anticipating the industrial confidence index to fall to -2.70.
German consumer price index (CPI) rose less than expected in August
On an annual basis, in Germany, the flash CPI advanced 0.40% in August, less than market expectations for an advance of 0.50%. The CPI had registered a similar rise in the previous month.
German import price index dropped less than expected in July
In July, on an annual basis, the import price index in Germany recorded a drop of 3.80%, lower than market expectations for a drop of 4.00%. The import price index had fallen 4.60% in the prior month.
German HICP surprisingly fell in August
On a monthly basis in Germany, the flash harmonised consumer price index (HICP) registered an unexpected drop of 0.10% in August, lower than market expectations for a rise of 0.10%. The HICP had advanced 0.40% in the previous month.
German import price index surprisingly rose in July
On a MoM basis, the import price index unexpectedly rose 0.10% in July, in Germany, compared to an advance of 0.50% in the prior month. Market expectation was for the import price index to ease 0.10%.
German HICP rose less than expected in August
On a YoY basis in Germany, the flash harmonised consumer price index rose 0.30% in August, compared to a rise of 0.40% in the prior month. Markets were expecting the HICP to advance 0.50%.
German CPI remained flat in August
In Germany, the preliminary CPI remained unchanged in August on a MoM basis, less than market expectations for a rise of 0.10%. In the previous month, the CPI had recorded a rise of 0.30%.
Italian retail sales advanced more than expected in June
On a YoY basis, in June, the non-seasonally adjusted retail sales rose 0.80% in Italy, more than market expectations for a rise of 0.10%. Retail sales had fallen by a revised 1.50% in the prior month.
Italian retail sales surprisingly climbed in June
In June, on a MoM basis, the seasonally adjusted retail sales in Italy registered an unexpected rise of 0.20%, higher than market expectations for a fall of 0.20%. Retail sales had risen 0.30% in the prior month.
Spanish consumer price index dropped less than expected in August
In August, on an annual basis, the flash consumer price index recorded a drop of 0.10% in Spain, less than market expectations for a drop of 0.30%. In the prior month, the consumer price index had recorded a drop of 0.60%.
Spanish harmonised consumer price (HICP) index dropped as expected in August
The flash HICP index in Spain registered a drop of 0.30% on a YoY basis in August, compared to a fall of 0.70% in the previous month. Market anticipation was for the HICP index to fall 0.30%.
Spanish consumer price index advanced as expected in August
The preliminary consumer price index in Spain climbed 0.10% on a MoM basis in August, at par with market expectations. In the previous month, the consumer price index had dropped 0.70%.
Spanish harmonised consumer price (HICP) index remained steady in August
On a monthly basis, the preliminary HICP index remained flat in Spain, in August, in line with market expectations. The HICP index had dropped 1.30% in the previous month.
Swiss KOF economic barometer fell in August
In Switzerland, the KOF economic barometer fell to a level of 99.80 in August, compared to a revised level of 103.50 in the previous month. Markets were expecting the KOF economic barometer to ease to a level of 102.00.
Pace of US rate hikes depends on data, says Fed’s Stanley Fischer
The US job market has nearly reached its full strength. However, he stopped short of commenting on the timing of the next rate hike and stated that it will all depend on incoming economic data.
US CB consumer confidence index recorded a rise in August
The CB consumer confidence index in the US registered a rise to 101.10 in August, compared to market expectations of an advance to 97.00. The CB consumer confidence index had recorded a revised level of 96.70 in the previous month.
US Redbook index recorded a rise in the last week
The Redbook index advanced 0.60% on a YoY basis, in the week ended 26 August 2016, in the US. The Redbook index had advanced 0.20% in the previous week.
US Redbook index declined in the last week
The seasonally adjusted Redbook index in the US slid 0.30% in the week ended 26 August 2016 on a MoM basis. The Redbook index had registered a drop of 0.40% in the previous week.
Canadian current account deficit widened in 2Q 2016
Canada has posted current account deficit of C$19.86 billion in 2Q 2016, following a revised current account deficit of C$16.59 billion in the previous quarter. Markets were expecting the nation to post a current account deficit of C$20.20 billion.
Canadian industrial product price index unexpectedly climbed in July
The industrial product price index registered an unexpected rise of 0.20% in Canada on a monthly basis in July, higher than market expectations for a drop of 0.30%. The industrial product price index had advanced by a revised 0.70% in the previous month.
Canadian raw material price index dropped more than expected in July
In July, the raw material price index in Canada recorded a drop of 2.70% on a monthly basis, higher than market expectations for a fall of 1.20%. The raw material price index had registered a revised rise of 2.00% in the prior month.
Japanese corporate loans & discounts advanced in July
Corporate loans & discounts in Japan climbed 2.25% on a YoY basis, in July. Corporate loans & discounts had registered a revised rise of 2.04% in the previous month.
Japanese industrial production declined more than expected in July
In Japan, the flash industrial production eased 3.80% on an annual basis in July, higher than market expectations for a drop of 3.00%. In the previous month, industrial production had registered a drop of 1.50%.
Japanese industrial production remained steady in July
On a monthly basis, in July, the flash industrial production remained flat in Japan, compared to a rise of 2.30% in the prior month. Market expectation was for industrial production to rise 0.80%.
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