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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BBA mortgage approvals fell in June
BBA mortgage approvals registered a drop to 40.10 K in June, in the UK, compared to a revised reading of 41.84 K in the previous month. Market expectation was for BBA mortgage approvals to ease to a level of 39.65 K.
Spanish PPI registered a rise in June
In June, on a MoM basis, the producer price index (PPI) in Spain climbed 1.80%. The PPI had advanced 0.80% in the previous month.
Spanish PPI recorded a drop in June
The PPI registered a drop of 4.70% in Spain on a YoY basis, in June. The PPI had dropped by a revised 5.60% in the prior month.
US Markit services PMI dropped unexpectedly in July
In the US, the preliminary Markit services PMI eased unexpectedly to a level of 50.90 in July, lower than market expectations of a rise to a level of 52.00. In the previous month, Markit services PMI had registered a level of 51.40.
US Redbook index registered a rise in the last week
The Redbook index in the US registered a rise of 0.60% in the week ended 22 July 2016 on a YoY basis. In the previous week, the Redbook index had advanced 0.40%.
US Markit composite PMI climbed in July
The flash Markit composite PMI climbed to 51.50 in July, in the US, compared to a level of 51.20 in the prior month.
US S&P/Case-Shiller composite index of 20 metropolitan areas unexpectedly fell in May
The seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas in the US registered an unexpected drop of 0.05% on a MoM basis in May, compared to a revised fall of 0.18% in the previous month. Markets were anticipating the S&P/Case-Shiller composite index of 20 metropolitan areas to rise 0.10%.
US S&P/Case-Shiller home price index advanced in May
Compared to a reading of 186.63 in the prior month the S&P/Case-Shiller home price index climbed to 188.29 in the US, in May. Market expectation was for the S&P/Case-Shiller home price index to advance to a level of 189.50.
US Redbook index slid in the last week
The seasonally adjusted Redbook index slid 0.50% on a monthly basis, in the week ended 22 July 2016, in the US. In the prior week, the Redbook index had registered a similar fall.
US new home sales unexpectedly climbed in June
New home sales in the US registered an unexpected rise of 3.50%, on MoM basis, to a level of 592.00 K in June, compared to a revised reading of 572.00 K in the prior month. Market expectation was for new home sales to fall to 560.00 K.
US S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas advanced less than expected in May
In May, the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas registered a rise of 5.24% on a YoY basis in the US, less than market expectations for an advance of 5.52%. The S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas had registered a rise of 5.44% in the previous month.
US Richmond Fed manufacturing index climbed in July
The Richmond Fed manufacturing index in the US advanced to 10.00 in July, compared to market expectations of an advance to a level of -5.00. The Richmond Fed manufacturing index had recorded a revised reading of -10.00 in the previous month.
US CB consumer confidence index fell in July
In the US, the CB consumer confidence index eased to 97.30 in July, compared to market expectations of a drop to a level of 96.00. In the previous month, the CB consumer confidence index had registered a revised level of 97.40.
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