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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI advanced in August
The manufacturing PMI in the UK registered a rise to 53.30 in August, compared to market expectations of an advance to 49.00. In the previous month, the manufacturing PMI had registered a revised reading of 48.30.
Euro-zone manufacturing PMI fell in August
Compared to a level of 52.00 in the prior month the final manufacturing PMI in the Euro-zone dropped to 51.70 in August. Market anticipation was for the manufacturing PMI to ease to a level of 51.80. The preliminary figures had recorded a drop to 51.80.
German manufacturing PMI slid in August
The final manufacturing PMI dropped to 53.60 in Germany, in August, meeting market expectations. The preliminary figures had also recorded a drop to 53.60. In the previous month, manufacturing PMI had registered a reading of 53.80.
French manufacturing PMI dropped in August
In August, the final manufacturing PMI in France registered a drop to 48.30, compared to market expectations of a drop to 48.50. The preliminary figures had indicated a fall to 48.50. In the prior month, manufacturing PMI had recorded a reading of 48.60.
Italian manufacturing PMI declined unexpectedly in August
The manufacturing PMI registered an unexpected drop to a level of 49.80 in Italy, in August, compared to market expectations of an unchanged reading. In the prior month, the manufacturing PMI had recorded a reading of 51.20.
Spanish manufacturing PMI remained steady in August
In August, the manufacturing PMI in Spain remained unchanged at 51.00. Market anticipation was for the manufacturing PMI to fall to 50.90.
Swiss SVME manufacturing PMI climbed in August
The SVME manufacturing PMI advanced to 51.00 in August, in Switzerland, higher than market expectations of an advance to a level of 50.60. The SVME manufacturing PMI had registered a level of 50.10 in the prior month.
Swiss real retail sales recorded a drop in July
Real retail sales in Switzerland slid 2.20% in July on an annual basis. In the prior month, real retail sales had dropped by a revised 3.50%.
US initial jobless claims climbed in the last week
The seasonally adjusted initial jobless claims rose to a level of 263.00 K in the week ended 27 August 2016, in the US, compared to a level of 261.00 K in the prior week. Markets were anticipating initial jobless claims to rise to a level of 265.00 K.
US ISM production recorded a drop in August
In the US, ISM production registered a drop to 49.60 in August. In the previous month, ISM production had recorded a level of 55.40.
US Markit manufacturing PMI recorded a drop in August
In August, the final Markit manufacturing PMI fell to a level of 52.00 in the US, compared to market expectations of a fall to a level of 52.10. The Markit manufacturing PMI had registered a reading of 52.90 in the previous month. The preliminary figures had recorded a fall to 52.10.
US non-farm business productivity declined as expected in 2Q 2016
The final non-farm business productivity in the US fell 0.60% in 2Q 2016 on a QoQ basis, at par with market expectations. In the previous quarter, the non-farm business productivity had registered a similar fall. The preliminary figures had indicated a drop of 0.50%.
US unit labor costs in non-farm businesses rose more than expected in 2Q 2016
The final unit labor costs in non-farm businesses in the US recorded a rise of 4.30% in 2Q 2016 on a QoQ basis, compared to a revised fall of 0.20% in the prior quarter. The preliminary figures had indicated an advance of 2.00%. Market expectation was for the unit labor costs in non-farm businesses to advance 2.10%.
US ISM manufacturing activity index slid in August
In August, the ISM manufacturing activity index in the US dropped to 49.40, compared to market expectations of a drop to a level of 52.00. In the previous month, the ISM manufacturing activity index had registered a level of 52.60.
US continuing jobless claims advanced unexpectedly in the last week
Compared to a level of 2145.00 K in the prior week the seasonally adjusted continuing jobless claims climbed unexpectedly to 2159.00 K in the US, in the week ended 20 August 2016. Markets were anticipating continuing jobless claims to record a flat reading.
US ISM new orders fell in August
In August, ISM new orders in the US eased to 49.10, compared to a level of 56.90 in the prior month.
US number of planned layoffs by US companies recorded a drop in August
In the US, the number of planned layoffs by US companies recorded a drop of 21.80% in August on a YoY basis. The number of planned layoffs by US companies had fallen 57.10% in the previous month.
US construction spending remained steady in July
In July, on a monthly basis, construction spending remained steady in the US, less than market expectations for a rise of 0.50%. In the prior month, construction spending had advanced by a revised 0.90%.
US ISM backlog orders slid in August
In August, ISM backlog orders eased to 45.50 in the US, compared to a reading of 48.00 in the previous month.
US ISM inventories dropped in August
ISM inventories recorded a drop to 49.00 in August, in the US. In the previous month, ISM inventories had registered a reading of 49.50.
US ISM prices paid index dropped in August
In the US, the ISM prices paid index recorded a drop to 53.00 in August, compared to a level of 55.00 in the previous month. Market expectation was for the ISM prices paid index to ease to a level of 54.80.
Japanese vehicle sales advanced in August
In Japan, vehicle sales rose 5.70% on a YoY basis, in August. In the prior month, vehicle sales had dropped 0.20%.
Japanese monetary base advanced in August
In Japan, the monetary base registered a rise of 24.20% on a YoY basis, in August. The monetary base had climbed 24.70% in the prior month.
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