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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales across all sectors rose less than expected in July
In the UK, retail sales across all sectors advanced 0.50% on an annual basis, in July, compared to an advance of 1.10% in the prior month. Market anticipation was for retail sales across all sectors to advance 1.50%.
Euro-zone investor confidence index advanced in August
The investor confidence index in the Euro-zone advanced to a level of 14.70 in August, compared to market expectations of an advance to a level of 13.40. In the prior month, the index had recorded a level of 12.10.
German factory orders dropped more than expected in June
In Germany, the seasonally adjusted factory orders fell 4.00% on a monthly basis in June, compared to an advance of 2.60% in the previous month. Markets were expecting factory orders to fall 0.50%.
Japanese household spending fell less than expected in June
In Japan, household spending slid 1.20% on an annual basis, in June, lower than market expectations for a drop of 1.40%. Household spending had fallen 3.90% in the prior month.
Japanese labour cash earnings rose more than expected in June
In Japan, labour cash earnings advanced 3.60% on an annual basis, in June, more than market expectations for a rise of 1.70%. In the previous month, labour cash earnings had registered a rise of 2.10%.
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