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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CBI Business Optimism rose in 3Q 2016
Pessimism among London businesses for the next six months has increased, with a net 47.00% of firms showing pessimism about their business prospects in 3Q 2016, as compared to a net 5.00% of firms that showed pessimism in the previous quarter. Market expectation was for a net 15.00% of firms to show pessimism about their future business prospects.
UK CBI trends selling prices registered a rise in July
CBI trends selling prices in the UK climbed to 5.00 in July. In the prior month, CBI trends selling prices had recorded a level of 1.00.
UK balance of firms reporting total order book above normal dropped in July
Compared to a reading of -2.00 in the prior month the balance of firms reporting total order book above normal fell to a level of -4.00 in July, in the UK. Markets were anticipating the balance of firms reporting total order book above normal to ease to -6.00.
German Ifo business expectations index eased in July
The Ifo business expectations index dropped to 102.20 in Germany, in July, compared to market expectations of a drop to a level of 101.60. The Ifo business expectations index had registered a reading of 103.10 in the previous month.
German Ifo current assessment index advanced surprisingly in July
Compared to a revised level of 114.60 in the prior month the Ifo current assessment index advanced unexpectedly to a level of 114.70 in Germany, in July. Market anticipation was for the Ifo current assessment index to drop to a level of 114.00.
German Ifo business climate index dropped in July
In July, the Ifo business climate index in Germany dropped to 108.30, higher than market expectations of a drop to a level of 107.50. The Ifo business climate index had registered a reading of 108.70 in the prior month.
US Dallas Fed manufacturing business index climbed in July
In July, the Dallas Fed manufacturing business index advanced to -1.30 in the US, compared to a reading of -18.30 in the previous month. Market expectation was for the Dallas Fed manufacturing business index to climb to -10.00.
Japanese coincident index dropped in May
The final coincident index recorded a drop to 109.90 in May, in Japan. In the prior month, the coincident index had registered a reading of 112.00. The preliminary figures had recorded a drop to 110.50.
Japanese leading economic index fell in May
In May, the final leading economic index registered a drop to 99.70 in Japan. The leading economic index had registered a reading of 100.00 in the prior month. The preliminary figures had recorded a steady reading.
Japanese corporate service price index rose more than expected in June
On a YoY basis, in Japan, the corporate service price index rose 0.20% in June, compared to a similar rise in the prior month. Markets were anticipating the corporate service price index to advance 0.10%.
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