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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales ex-fuel rose more than expected in July
On a monthly basis, in July, retail sales ex-fuel registered a rise of 0.50% in the UK, higher than market expectations for a rise of 0.10%. In the prior month, retail sales ex-fuel had recorded a revised rise of 0.60%.
UK retail sales advanced more than expected in July
Retail sales recorded a rise of 0.30% in the UK on a monthly basis in July, higher than market expectations for a rise of 0.20%. In the previous month, retail sales had registered a revised similar rise.
UK retail sales rose less than expected in July
On a YoY basis, retail sales in the UK rose 1.30% in July, compared to a revised rise of 2.80% in the previous month. Market expectation was for retail sales to advance 1.40%.
ECB minutes revealed concern about low inflation and Euro strength
The European Central Bank’s (ECB) July meeting minutes showed that policymakers are concerned that inflation in the 19-nation Euro-zone is too low despite an improving economy and they also seem worried about the strength of the Euro currency.
Euro-zone CPI fell as expected in July
On a monthly basis, in the Euro-zone, the consumer price index (CPI) slid 0.50% in July, at par with market expectations. The CPI had recorded an unchanged reading in the previous month.
Euro-zone trade surplus expanded in June
The seasonally adjusted trade surplus in the Euro-zone rose to €22.30 billion in June, compared to a revised trade surplus of €19.00 billion in the previous month. Markets were expecting the region’s a trade surplus to widen to €20.30 billion.
Euro-zone core CPI advanced as expected in July
The final core CPI registered a rise of 1.20% on a YoY basis in July, in the Euro-zone, compared with an advance of 1.10% in the previous month. Market expectation was for the core CPI to climb 1.20%. The preliminary figures had also indicated a rise of 1.20%.
Euro-zone CPI advanced as expected in July
In July, the final CPI in the Euro-zone recorded a rise of 1.30% on an annual basis, compared to a similar rise in the previous month. The preliminary figures had also recorded a rise of 1.30%. Markets were anticipating the CPI to advance 1.30%.
Euro-zone trade surplus widened in June
In June, the non-seasonally adjusted trade surplus in the Euro-zone widened to €26.60 billion, following a trade surplus of €21.40 billion in the previous month. Markets were expecting the region’s a trade surplus to widen to €25.00 billion.
French ILO unemployment rate declined in 2Q 2017
In France, ILO unemployment rate registered a drop to 9.50% in 2Q 2017, in line with market expectations. In the prior quarter, ILO unemployment rate had recorded a level of 9.60%.
US capacity utilisation remained unchanged in July
Capacity utilisation in the US remained flat at a level of 76.70% in July, at par with market expectations.
US Philadelphia Fed manufacturing index declined in August
Philadelphia Fed manufacturing index fell to a level of 18.90 in the US, in August, higher than market expectations of a drop to 18.00. Philadelphia Fed manufacturing index had recorded a level of 19.50 in the prior month.
US industrial production rose less than expected in July
On a MoM basis in July, industrial production rose 0.20% in the US, less than market expectations for an advance of 0.30%. Industrial production had climbed 0.40% in the prior month.
US initial jobless claims dropped in the last week
In the week ended 12 August 2017, the seasonally adjusted initial jobless claims in the US registered a drop to 232.00 K, compared to market expectations of a drop to 240.00 K. In the prior week, initial jobless claims had recorded a level of 244.00 K.
US leading indicator rose as expected in July
Leading indicator in the US climbed 0.30% in July on a monthly basis, in line with market expectations. In the previous month, leading indicator had risen 0.60%.
US continuing jobless claims dropped in the last week
In the week ended 05 August 2017, the seasonally adjusted continuing jobless claims eased to 1953.00 K in the US, compared to a revised reading of 1956.00 K in the prior week. Market anticipation was for continuing jobless claims to ease to a level of 1955.00 K.
US manufacturing production unexpectedly declined in July
In July, manufacturing production in the US unexpectedly fell 0.10% on a monthly basis, lower than market expectations for an advance of 0.20%. In the prior month, manufacturing production had advanced 0.20%.
Canadian manufacturing shipments fell more than expected in June
Manufacturing shipments in Canada slid 1.80% on a MoM basis in June, higher than market expectations for a drop of 1.00%. In the previous month, manufacturing shipments had registered a revised rise of 1.30%.
Chinese house price index advanced in July
The house price index climbed 9.70% on a YoY basis, in July, in China. The house price index had risen 10.20% in the prior month.
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