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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German PPI recorded an unexpected drop in August
On a monthly basis, in Germany, the producer price index (PPI) unexpectedly fell 0.10% in August, lower than market expectations for a steady reading. In the prior month, the PPI had climbed 0.20%.
German PPI dropped as expected in August
The PPI in Germany registered a drop of 1.60% in August on an annual basis, compared to a fall of 2.00% in the previous month. Markets were anticipating the PPI to fall 1.60%.
Swiss exports declined in August
On a monthly basis, exports eased 2.10% in August, in Switzerland. Exports had risen by a revised 5.00% in the prior month.
Swiss trade surplus rose in August
In August, trade surplus in Switzerland expanded to CHF3.02 billion, compared to a revised trade surplus of CHF2.81 billion in the prior month.
Swiss imports eased in August
Imports in Switzerland recorded a drop of 3.50% on a MoM basis, in August. Imports had climbed by a revised 8.60% in the prior month.
US building permits surprisingly eased in August
In the US, building permits recorded an unexpected drop of 0.40%, on MoM basis, to an annual rate of 1139.00 K in August, lower than market expectations of 1165.00 K. Building permits had registered a revised reading of 1144.00 K in the previous month.
US Redbook index advanced in the last week
In the US, the Redbook index rose 0.20% in the week ended 16 September 2016 on an annual basis. In the previous week, the Redbook index had climbed 0.40%.
US Redbook index slid in the last week
In the US, the seasonally adjusted Redbook index registered a drop of 0.50% on a monthly basis, in the week ended 16 September 2016. The Redbook index had registered a drop of 0.30% in the prior week.
US housing starts registered a drop in August
Housing starts dropped 5.80%, on MoM basis, to an annual rate of 1142.00 K in August, in the US, lower than market expectations of 1190.00 K. Housing starts had registered a revised reading of 1212.00 K in the previous month.
BoJ left its interest rates steady
The BoJ kept key interest rate unchanged at -0.10% and held its monetary policy base steady at ¥80 trillion.
Japanese convenience store sales registered a rise in August
In Japan, convenience store sales advanced 0.60% on an annual basis, in August. Convenience store sales had risen 0.30% in the prior month.
Japanese imports declined more than expected in August
On a YoY basis, in Japan, imports slid 17.30% in August, more than market expectations for a fall of 16.50%. Imports had dropped 24.70% in the prior month.
Japanese adjusted merchandise trade surplus rose in August
Japan has registered adjusted merchandise trade surplus of ¥408.40 billion in August, from a revised adjusted merchandise trade surplus of ¥340.20 billion in the prior month. Markets were anticipating an adjusted merchandise trade surplus of ¥494.00 billion.
Japanese exports dropped more than expected in August
On an annual basis, exports recorded a drop of 9.60% in August, in Japan, higher than market expectations for a drop of 4.70%. Exports had recorded a drop of 14.00% in the previous month.
Japan posted merchandise (total) trade deficit in August
Merchandise (total) trade deficit in Japan recorded a reading of ¥18.70 billion in August, compared to market expectations of a merchandise (total) trade surplus of ¥191.00 billion. Japan had posted a revised merchandise (total) trade surplus of ¥513.60 billion in the prior month.
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