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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
French EU normalised CPI declined as expected in July
On a MoM basis, the final EU normalised CPI registered a drop of 0.40% in France, in July, compared to an advance of 0.10% in the prior month. Market expectation was for EU normalised CPI to fall 0.40%. The preliminary figures had also recorded a drop of 0.40%.
Italian EU normalised CPI dropped more than expected in July
The final EU normalised CPI slid 1.90% in Italy on a MoM basis in July, compared to a rise of 0.20% in the prior month. The preliminary figures had indicated a drop of 1.80%. Markets were expecting the EU normalised CPI to drop 1.80%.
Italian trade (EU countries) surplus dropped in June
The EU trade surplus in Italy narrowed to €1.20 billion in June, from a revised trade surplus of €1.78 billion in the prior month.
Italian CPI advanced as expected in July
On a monthly basis in Italy, the final CPI recorded a rise of 0.20% in July, at par with market expectations. The preliminary figures had also recorded an advance of 0.20%. In the previous month, the CPI had risen 0.10%.
US continuing jobless claims climbed surprisingly in the last week
In the week ended 30 July 2016, the seasonally adjusted continuing jobless claims in the US climbed unexpectedly to a level of 2155.00 K, compared to market expectations of a fall to a level of 2133.00 K. In the prior week, continuing jobless claims had recorded a revised level of 2141.00 K.
US initial jobless claims dropped in the last week
In the week ended 06 August 2016, the seasonally adjusted initial jobless claims in the US eased to 266.00 K, compared to a revised level of 267.00 K in the previous week. Markets were anticipating initial jobless claims to drop to 265.00 K.
US import price index unexpectedly rose in July
In the US, the import price index registered an unexpected rise of 0.10% in July on a MoM basis, compared to a revised rise of 0.60% in the prior month. Markets were anticipating the import price index to drop 0.40%.
Canadian new housing price index rose less than expected in June
On a monthly basis, the new housing price index registered a rise of 0.10% in June, in Canada, lower than market expectations for an advance of 0.30%. The new housing price index had climbed 0.70% in the prior month.
Chinese industrial production rose less than expected in July
In July, industrial production rose 6.00% in China on a YoY basis, lower than market expectations for a rise of 6.20%. In the prior month, industrial production had registered a rise of 6.20%.
Chinese retail sales advanced less than expected in July
In July, retail sales advanced 10.20% on a YoY basis in China, compared to a rise of 10.60% in the previous month. Markets were expecting retail sales to advance 10.50%.
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