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

Italian consumer confidence index recorded a decline in August
Compared to a revised reading of 111.20 in the previous month the consumer confidence index dropped to 109.20 in August, in Italy. Markets were anticipating the consumer confidence index to drop to a level of 110.30.
US personal income rose as expected in July
In the US, personal income registered a rise of 0.40% in July on a MoM basis, in line with market expectations. In the prior month, personal income had registered a revised rise of 0.30%.
US personal consumption expenditure deflator advanced as expected in July
In the US, personal consumption expenditure deflator rose 0.80% on an annual basis in July, in line with market expectations. Personal consumption expenditure deflator had recorded a rise of 0.90% in the prior month.
US personal consumption expenditure deflator remained flat in July
In the US, personal consumption expenditure deflator remained flat on a MoM basis in July, meeting market expectations. In the previous month, personal consumption expenditure deflator had climbed 0.10%.
US Dallas Fed manufacturing business index slid in August
In the US, the Dallas Fed manufacturing business index eased to -6.20 in August, compared to a level of -1.30 in the prior month. Markets were anticipating the Dallas Fed manufacturing business index to fall to a level of -3.90.
US core personal consumption expenditure advanced as expected in July
In July, core personal consumption expenditure rose 0.10% on a MoM basis in the US, at par with market expectations. In the previous month, core personal consumption expenditure had registered a similar rise.
US core personal consumption expenditure advanced more than expected in July
Core personal consumption expenditure in the US advanced 1.60% in July on a YoY basis, more than market expectations for an advance of 1.50%. Core personal consumption expenditure had registered a similar rise in the previous month.
US personal spending rose as expected in July
Personal spending advanced 0.30% in the US on a monthly basis in July, in line with market expectations. Personal spending had registered a revised rise of 0.50% in the prior month.
Japanese retail trade dropped less than expected in July
Retail trade dropped 0.20% on a YoY basis in July, in Japan, less than market expectations for a drop of 0.90%. In the prior month, retail trade had recorded a revised drop of 1.30%.
Japanese job to applicant ratio remained unchanged in July
In July, job to applicant ratio in Japan remained unchanged at a level of 1.37. Markets were anticipating job to applicant ratio to climb to a level of 1.38.
Japanese household spending fell less than expected in July
On an annual basis, in July, household spending dropped 0.50% in Japan, lower than market expectations for a drop of 1.40%. Household spending had fallen by a revised 2.30% in the previous month.
Japanese retail trade advanced more than expected in July
Retail trade advanced 1.40% in Japan on a MoM basis in July, higher than market expectations for a rise of 0.80%. Retail trade had registered a revised rise of 0.30% in the prior month.
Japanese unemployment rate fell unexpectedly in July
In July, unemployment rate in Japan dropped unexpectedly to 3.00%, compared to market expectations of an unchanged reading. Unemployment rate had registered a reading of 3.10% in the previous month.
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