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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone manufacturing PMI climbed unexpectedly in September
The flash manufacturing PMI rose unexpectedly to 52.60 in September, in the Euro-zone, compared to a level of 51.70 in the previous month. Market expectation was for the manufacturing PMI to ease to 51.50.
Euro-zone composite PMI dropped in September
In September, the preliminary composite PMI in the Euro-zone registered a drop to 52.60, compared to a level of 52.90 in the previous month. Markets were expecting composite PMI to ease to 52.80.
Euro-zone services PMI recorded an unexpected drop in September
In September, the preliminary services PMI registered an unexpected drop to a level of 52.10 in the Euro-zone, compared to a reading of 52.80 in the prior month. Markets were anticipating services PMI to record a steady reading.
German services PMI slid unexpectedly in September
The flash services PMI registered an unexpected drop to a level of 50.60 in September, in Germany, lower than market expectations of an advance to a level of 52.10. Services PMI had registered a level of 51.70 in the prior month.
German manufacturing PMI recorded an unexpected rise in September
In September, the preliminary manufacturing PMI climbed unexpectedly to 54.30 in Germany, higher than market expectations of a drop to a level of 53.10. In the prior month, manufacturing PMI had recorded a level of 53.60.
French manufacturing PMI recorded a rise in September
In September, the preliminary manufacturing PMI in France registered a rise to 49.50, compared to a reading of 48.30 in the prior month. Market anticipation was for manufacturing PMI to climb to a level of 48.50.
French GDP unexpectedly eased in 2Q 2016
In 2Q 2016, the final gross domestic product (GDP) recorded an unexpected drop of 0.10% on a QoQ basis in France, less than market expectations for an unchanged reading. The preliminary figures had recorded a steady reading. GDP had recorded a revised rise of 0.70% in the prior quarter.
French GDP rose less than expected in 2Q 2016
On an annual basis, the final GDP recorded a rise of 1.30% in France, in 2Q 2016, less than market expectations for an advance of 1.40%. The preliminary figures had recorded an advance of 1.40%. In the prior quarter, GDP had registered a similar rise.
French services PMI climbed unexpectedly in September
The flash services PMI climbed unexpectedly to 54.10 in France, in September, compared to a level of 52.30 in the prior month. Markets were expecting services PMI to drop to 52.00.
Spanish PPI slid in August
The producer price index (PPI) in Spain dropped 0.20% in August on a monthly basis. The PPI had registered an unchanged reading in the prior month.
Spanish PPI registered a drop in August
The PPI recorded a drop of 3.10% on a YoY basis in Spain, in August. In the prior month, the PPI had registered a drop of 4.60%.
US Markit manufacturing PMI dropped surprisingly in September
In September, the flash Markit manufacturing PMI fell unexpectedly to a level of 51.40 in the US, lower than market expectations of a steady reading. The Markit manufacturing PMI had recorded a reading of 52.00 in the previous month.
Canadian CPI surprisingly dropped in August
In Canada, the seasonally adjusted consumer price index (CPI) unexpectedly eased 0.10% on a MoM basis in August, compared to an unchanged reading in the previous month. Markets were anticipating CPI to rise 0.20%.
Canadian CPI unexpectedly slid in August
In August, the CPI recorded an unexpected drop of 0.20% in Canada on a monthly basis, compared to a similar fall in the prior month. Market expectation was for the CPI to climb 0.10%.
Canadian retail sales surprisingly eased in July
Retail sales unexpectedly fell 0.10% on a monthly basis in July, in Canada, less than market expectations for a rise of 0.10%. In the prior month, retail sales had registered a revised flat reading.
Canadian core CPI remained flat in August
On a MoM basis, the seasonally adjusted core CPI remained steady in Canada, in August, compared to a rise of 0.10% in the previous month. Market expectation was for core CPI to rise 0.20%.
Canadian core CPI remained flat in August
In August, the core CPI in Canada remained flat on a monthly basis, similar to a flat reading in the prior month. Markets were anticipating the core CPI to climb 0.20%.
Canadian retail sales (ex-autos) surprisingly fell in July
Retail sales (ex-autos) in Canada recorded an unexpected drop of 0.10% on a monthly basis in July, less than market expectations for a rise of 0.50%. Retail sales (ex-autos) had dropped by a revised 0.60% in the prior month.
Canadian CPI unexpectedly dropped in August
In August, the CPI in Canada unexpectedly fell by, on monthly basis, to a level of 128.70, compared to market expectations of 129.00. In the previous month, the CPI had registered a level of 128.90.
Japanese all industry activity index rose more than expected in July
On a MoM basis, the all industry activity index registered a rise of 0.30% in Japan, in July, compared to a rise of 1.00% in the prior month. Markets were expecting the all industry activity index to advance 0.20%.
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