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Guardian Stockbrokers Key Economic News Thursday 31 August 2017

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK M4 money supply rose in July

M4 money supply registered a rise of 0.50% on a MoM basis, in July, in the UK. M4 money supply had recorded a revised drop of 0.10% in the previous month.

UK business barometer declined in August

In August, the business barometer fell to a level of 17.00 % in the UK. In the prior month, the business barometer had registered a reading of 30.00 %.

UK M4 Ex-IOFCs 3M annualised rose in July

M4 Ex-IOFCs 3M annualised rose 3.30% on a MoM basis in the UK, in July. M4 Ex-IOFCs 3M annualised had risen by a revised 5.30% in the prior month.

UK number of mortgage approvals for house purchases advanced in July

Number of mortgage approvals for house purchases advanced to 68.70 K in the UK, in July, compared to market expectations of a rise to 65.50 K. In the previous month, number of mortgage approvals for house purchases had recorded a revised level of 65.30 K.

UK net lending secured on dwellings rose less than expected in July

In the UK, net lending secured on dwellings advanced £3.60 billion in July, lower than market expectations for a rise of £3.80 billion. In the prior month, net lending secured on dwellings had advanced £4.10 billion.

UK consumer confidence climbed surprisingly in August

The consumer confidence in the UK climbed unexpectedly to -10.00 in August, compared to a reading of -12.00 in the prior month. Markets were anticipating the consumer confidence to ease to a level of -13.00.

UK net consumer credit rose less than expected in July

In the UK, net consumer credit recorded a rise of £1.20 billion in July, lower than market expectations for an advance of £1.50 billion. In the prior month, net consumer credit had recorded a revised rise of £1.40 billion.

UK M4 money supply rose in July

On a YoY basis, M4 money supply registered a rise of 4.40% in the UK, in July. In the previous month, M4 money supply had advanced 5.30%.

Euro-zone industrial confidence index advanced in August

The industrial confidence index registered a rise to 5.10 in the Euro-zone, in August, compared to a reading of 4.50 in the prior month. Market expectation was for the industrial confidence index to advance to a level of 4.70.

Euro-zone consumer confidence index advanced in August

Compared to a level of -1.70 in the previous month, the final consumer confidence index in the Euro-zone recorded a rise to -1.50 in August. The preliminary figures had also recorded an advance to -1.50. Market anticipation was for the consumer confidence index to rise to.

Euro-zone services sentiment indicator surprisingly climbed in August

The services sentiment indicator in the Euro-zone recorded an unexpected rise to 14.90 in August, compared to a revised level of 14.20 in the previous month. Market expectation was for the services sentiment indicator to fall to 13.90.

Euro-zone business climate indicator rose in August

The business climate indicator recorded a rise to 1.09 in August, in the Euro-zone, higher than market expectations of a rise to 1.05. In the previous month, the business climate indicator had registered a revised reading of 1.04.

Euro-zone economic sentiment indicator surprisingly advanced in August

The economic sentiment indicator climbed unexpectedly to 111.90 in August, in the Euro-zone, compared to market expectations of a steady reading. In the prior month, the economic sentiment indicator had recorded a revised reading of 111.30.

German CPI rose as expected in August

The preliminary consumer price index (CPI) in Germany advanced 0.10% on a MoM basis in August, compared to an advance of 0.40% in the prior month. Market anticipation was for the CPI to rise 0.10%.

German HICP advanced more than expected in August

On an annual basis in Germany, the preliminary harmonised consumer price index (HICP) climbed 1.80% in August, more than market expectations for a rise of 1.70%. The HICP had recorded a rise of 1.50% in the prior month.

German HICP advanced more than expected in August

In August, the preliminary HICP in Germany, rose 0.20% on a MoM basis, higher than market expectations for an advance of 0.10%. The HICP had registered a rise of 0.40% in the previous month.

German CPI rose as expected in August

In August, the preliminary CPI rose 1.80% in Germany on an annual basis, compared to a rise of 1.70% in the previous month. Market expectation was for the CPI to advance 1.80%.

Italian PPI rose in July

On a YoY basis, the producer price index (PPI) in Italy advanced 0.90% in July. In the prior month, the PPI had registered a rise of 3.10%.

Italian PPI remained steady in July

The PPI remained steady on a monthly basis in Italy, in July. In the prior month, the PPI had fallen by a revised 0.20%.

Spanish HICP index rose more than expected in August

The flash HICP index recorded a rise of 2.00% in Spain on a YoY basis in August, higher than market expectations for an advance of 1.80%. The HICP index had risen 1.70% in the previous month.

Spanish CPI advanced less than expected in August

On a MoM basis, the preliminary CPI in Spain rose 0.20% in August, compared to a fall of 0.70% in the previous month. Market anticipation was for the CPI to climb 0.30%.

Spanish HICP index rose as expected in August

The flash HICP index in Spain rose 0.20% on a MoM basis in August, compared to a drop of 1.20% in the prior month. Markets were anticipating the HICP index to advance 0.20%.

Spanish CPI advanced less than expected in August

On an annual basis in Spain, the preliminary CPI rose 1.60% in August, less than market expectations for an advance of 1.70%. In the previous month, the CPI had registered a rise of 1.50%.

Swiss KOF economic barometer eased in August

The KOF economic barometer fell to a level of 104.10 in Switzerland, in August, compared to market expectations of a fall to a level of 107.00. In the prior month, the KOF economic barometer had registered a revised level of 108.00.

Swiss economic expectations index fell in August

In August, the economic expectations index in Switzerland recorded a drop to 25.00. The economic expectations index had recorded a reading of 34.70 in the prior month.

Swiss UBS consumption indicator climbed in July

Compared to a revised level of 1.30 in the previous month UBS consumption indicator in Switzerland advanced to 1.38 in July.

US GDP price index rose as expected in 2Q 2017

On a QoQ basis, in 2Q 2017, the second estimate of gross domestic product (GDP) price index advanced 1.00% in the US, compared to a revised rise of 2.00% in the prior quarter. The preliminary figures had also indicated an advance of 1.00%. Markets were expecting the GDP price index to rise 1.00%.

Private sector employment in the US increased in August

In the US, the private sector employment registered a rise of 237.00 K in August, compared to a revised advance of 201.00 K in the prior month. Market anticipation was for the private sector employment to rise 185.00 K.

US core personal consumption expenditure advanced as expected in 2Q 2017

In 2Q 2017, on a quarterly basis, the second estimate of core personal consumption expenditure climbed 0.90% in the US, meeting market expectations. Core personal consumption expenditure had advanced by a revised 1.80% in the previous quarter. The preliminary figures had also recorded an advance of 0.90%.

US personal consumption rose more than expected in 2Q 2017

In 2Q 2017, on a QoQ basis, the second estimate of personal consumption rose 3.30% in the US, compared to a revised rise of 1.90% in the previous quarter. The preliminary figures had indicated a rise of 2.80%. Markets were anticipating personal consumption to advance 3.00%.

US mortgage applications fell in the last week

Mortgage applications recorded a drop of 2.30% in the US on a weekly basis, in the week ended 25 August 2017. In the prior week, mortgage applications had dropped 0.50%.

US annualised GDP rose more than expected in 2Q 2017

In 2Q 2017, the second estimate of annualised gross domestic product in the US climbed 3.00% on a quarterly basis, compared to a revised rise of 1.20% in the previous quarter. Market expectation was for the annualised GDP to climb 2.70%. The preliminary figures had recorded an advance of 2.60%.

Canadian current account deficit expanded in 2Q 2017

Canada has registered current account deficit of C$16.32 billion in 2Q 2017, following a revised current account deficit of C$12.92 billion in the previous quarter. Markets were anticipating a current account deficit of C$17.40 billion.

Japanese corporate loans & discounts rose in July

In July, on an annual basis, corporate loans & discounts in Japan recorded a rise of 3.80%. In the prior month, corporate loans & discounts had risen 4.10%.

Japanese vehicle production climbed in July

On an annual basis, vehicle production in Japan recorded a rise of 1.40% in July. In the previous month, vehicle production had risen 6.90%.

Foreign investors remained net sellers of Japanese stocks in the previous week

Foreign investors remained net sellers of ¥246.00 billion worth of Japanese stocks in the week ended 25 August 2017, as compared to being net sellers of a revised ¥299.60 billion worth of Japanese stocks in the prior week.

Japanese industrial production advanced less than expected in July

On an annual basis, the flash industrial production climbed 4.70% in Japan, in July, less than market expectations for an advance of 5.20%. Industrial production had advanced 5.50% in the previous month.

Foreign investors turned net buyers of Japanese bonds in the previous week

Foreign investors turned net buyers of ¥504.60 billion worth of Japanese bonds in the week ended 25 August 2017, as compared to being net sellers of ¥185.10 billion worth of Japanese bonds in the previous week.

Japanese small business confidence index dropped in August

The small business confidence index eased to 49.00 in August, in Japan, compared to a reading of 50.00 in the prior month.

Japanese investors turned net buyers of foreign bonds in the previous week

Japanese investors turned net buyers of ¥359.60 billion worth of foreign bonds in the week ended 25 August 2017, as compared to being net sellers of a revised ¥446.80 billion worth of foreign bonds in the prior week.

Japanese investors became net buyers of foreign stocks in the previous week

Japanese investors were net buyers of ¥218.00 billion worth of foreign stocks in the week ended 25 August 2017, as compared to being net buyers of ¥320.70 billion worth of foreign stocks in the prior week.

Japanese industrial production fell more than expected in July

On a MoM basis, the flash industrial production slid 0.80% in July, in Japan, higher than market expectations for a drop of 0.30%. Industrial production had recorded a rise of 2.20% in the previous month.

Chinese NBS manufacturing PMI unexpectedly advanced in August

The NBS manufacturing PMI rose unexpectedly to a level of 51.70 in China, in August, higher than market expectations of a drop to 51.30. The NBS manufacturing PMI had registered a level of 51.40 in the prior month.

Chinese NBS non-manufacturing PMI dropped in August

The NBS non-manufacturing PMI dropped to 53.40 in August, in China. In the previous month, the NBS non-manufacturing PMI had registered a level of 54.50.

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