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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK index of services advanced more than expected in July
On a MoM basis in the UK, the index of services advanced 0.60% in July, higher than market expectations for a rise of 0.30%. The index of services had registered a revised similar rise in the April-June 2016 period.
UK total business investment fell as expected in 2Q 2016
The final total business investment recorded a drop of 0.80% on a YoY basis in 2Q 2016, in the UK, meeting market expectations. The preliminary figures had also indicated a drop of 0.80%. Total business investment had registered a similar fall in the previous quarter.
UK house prices rose more than expected in September
On an annual basis, in September, the non-seasonally adjusted house prices recorded a rise of 5.30% in the UK, compared to an advance of 5.60% in the prior month. Markets were expecting house prices to rise 5.00%.
UK GDP rose more than expected in 2Q 2016
On a QoQ basis, the final gross domestic product (GDP) advanced 0.70% in 2Q 2016, in the UK, more than market expectations for an advance of 0.60%. The preliminary figures had indicated a rise of 0.60%. GDP had risen 0.40% in the prior quarter.
UK total business investment rose more than expected in 2Q 2016
The final total business investment in the UK recorded a rise of 1.00% on a QoQ basis in 2Q 2016, more than market expectations for a rise of 0.50%. In the previous quarter, total business investment had dropped 0.60%. The preliminary figures had recorded an advance of 0.50%.
UK current account deficit widened in 2Q 2016
Current account deficit in the UK expanded to £28.70 billion in 2Q 2016, compared to a revised current account deficit of £27.00 billion in the prior quarter. Market anticipation was for the nation to post a current account deficit of £30.60 billion.
UK GDP advanced less than expected in 2Q 2016
In 2Q 2016, the final GDP climbed 2.10% on an annual basis in the UK, less than market expectations for an advance of 2.20%. The preliminary figures had indicated an advance of 2.20%. In the prior quarter, GDP had advanced 2.00%.
UK index of services advanced more than expected in July
The index of services recorded a rise of 0.40% on a MoM basis in July, in the UK, more than market expectations for an advance of 0.10%. In the prior month, the index of services had climbed by a revised 0.30%.
UK house prices advanced as expected in September
The seasonally adjusted house prices in the UK recorded a rise of 0.30% in September on a MoM basis, compared to an advance of 0.60% in the previous month. Markets were expecting house prices to rise 0.30%.
Euro-zone CPI advanced as expected in September
The preliminary consumer price index (CPI) in the Eurozone advanced 0.40% in September on a YoY basis, compared to a rise of 0.20% in the previous month. Markets were expecting the CPI to climb 0.40%.
Euro-zone CPI rose less than expected in September
In September, the preliminary CPI advanced 0.80% in the Euro-zone on an annual basis, compared to a similar rise in the prior month. Markets were anticipating the core CPI to advance 0.90%.
Euro-zone unemployment rate remained unchanged in August
The unemployment rate remained unchanged at a level of 10.10% in the Euro-zone, in August, compared to market expectations of a drop to 10.00%.
German retail sales rose more than expected in August
On a YoY basis, retail sales climbed 3.70% in Germany, in August, higher than market expectations for a rise of 1.80%. In the prior month, retail sales had recorded a drop of 1.50%.
German retail sales dropped more than expected in August
On a MoM basis, retail sales eased 0.40% in August, in Germany, compared to a revised rise of 0.50% in the previous month. Market anticipation was for retail sales to ease 0.20%.
French consumer spending advanced more than expected in August
In August, consumer spending in France rose 0.70% on a monthly basis, more than market expectations for an advance of 0.50%. Consumer spending had recorded a revised drop of 0.30% in the prior month.
French PPI remained unchanged in August
In France, the producer price index (PPI) remained steady on a monthly basis, in August. The PPI had fallen by a revised 0.10% in the previous month.
French EU normalised CPI fell less than expected in September
In September, on a MoM basis, the preliminary EU normalised CPI in France eased 0.20%, compared to a rise of 0.30% in the prior month. Market expectation was for EU normalised CPI to ease 0.30%.
French CPI (ex-tobacco) declined as expected in September
On a monthly basis, in France, the preliminary CPI (ex-tobacco) slid 0.20% in September, in line with market expectations. The CPI (ex-tobacco) had registered a rise of 0.30% in the prior month.
Italian PPI fell in August
In Italy, the PPI dropped 1.10% on an annual basis, in August. In the previous month, the PPI had fallen 3.40%.
Italian PPI slid in August
On a monthly basis, the PPI eased 0.30% in August, in Italy. The PPI had climbed 0.50% in the previous month.
Italian CPI dropped as expected in September
On a MoM basis in Italy, the preliminary CPI fell 0.20% in September, meeting market expectations. In the previous month, the CPI had advanced 0.20%.
Italian EU normalised CPI advanced as expected in September
On a MoM basis, the preliminary EU normalised CPI climbed 1.90% in Italy, in September, meeting market expectations. The EU normalised CPI had dropped 0.10% in the prior month.
Italian unemployment rate steadied in August
Unemployment rate remained flat at 11.40% in August, in Italy, meeting market expectations.
Spanish current account surplus rose in July
Current account surplus in Spain widened to €3.00 billion in July. Spain had posted a current account surplus of €2.00 billion in the previous month.
Swiss KOF economic barometer climbed in September
In September, the KOF economic barometer in Switzerland registered a rise to 101.30, compared to market expectations of a rise to a level of 100.50. In the previous month, the KOF economic barometer had recorded a revised reading of 99.70.
US core personal consumption expenditure rose as expected in August
On a monthly basis in August, core personal consumption expenditure climbed 0.20% in the US, compared to a rise of 0.10% in the previous month. Market expectation was for core personal consumption expenditure to rise 0.20%.
US core personal consumption expenditure advanced as expected in August
In August, core personal consumption expenditure in the US recorded a rise of 1.70% on a YoY basis, meeting market expectations. In the prior month, core personal consumption expenditure had climbed 1.60%.
US personal consumption expenditure deflator advanced more than expected in August
In August, personal consumption expenditure deflator rose 1.00% on a YoY basis in the US, compared to a rise of 0.80% in the prior month. Market anticipation was for personal consumption expenditure deflator to climb 0.90%.
US Reuters/Michigan consumer sentiment index advanced in September
The final Reuters/Michigan consumer sentiment index advanced to 91.20 in September, in the US, compared to market expectations of an advance to a level of 90.00. The Reuters/Michigan consumer sentiment index had recorded a reading of 89.80 in the prior month. The preliminary figures had recorded an unchanged reading.
US personal spending remained steady in August
In August, on a monthly basis, personal spending remained steady in the US, less than market expectations for a rise of 0.10%. Personal spending had advanced by a revised 0.40% in the prior month.
US Chicago Fed purchasing managers index rose in September
The Chicago Fed purchasing managers index in the US rose to a level of 54.20 in September, compared to market expectations of an advance to a level of 52.00. The Chicago Fed purchasing managers index had recorded a level of 51.50 in the previous month.
US personal income advanced as expected in August
In August, on a MoM basis, personal income recorded a rise of 0.20% in the US, compared to a rise of 0.40% in the prior month. Markets were anticipating personal income to rise 0.20%.
US personal consumption expenditure deflator rose less than expected in August
On a MoM basis, personal consumption expenditure deflator in the US advanced 0.10% in August, less than market expectations for a rise of 0.20%. In the previous month, personal consumption expenditure deflator had recorded an unchanged reading.
Canadian GDP rose more than expected in July
On a MoM basis, the GDP advanced 0.50% in July, in Canada, higher than market expectations for an advance of 0.30%. In the prior month, the GDP had advanced 0.60%.
Canadian industrial product price index fell more than expected in August
In August, the industrial product price index slid 0.50% on a MoM basis in Canada, more than market expectations for a fall of 0.10%. In the previous month, the industrial product price index had advanced 0.20%.
Canadian raw material price index dropped less than expected in August
In August, the raw material price index slid 0.70% in Canada on a monthly basis, compared to a drop of 2.70% in the prior month. Markets were expecting the raw material price index to ease 1.00%.
Canadian GDP rose more than expected in July
In Canada, the gross domestic product registered a rise of 1.30% in July, on an annual basis, more than market expectations for an advance of 1.00%. In the previous month, the GDP had risen by a revised 1.20%.
Japanese Tankan large manufacturing outlook index steadied in 3Q 2016
The Tankan large manufacturing outlook index remained flat at a level of 6.00 in Japan, in 3Q 2016, lower than market expectations of a rise to a level of 8.00.
Japanese construction orders climbed in August
In Japan, construction orders advanced 13.80% on a YoY basis, in August. In the prior month, construction orders had dropped 10.90%.
Japanese Tankan large manufacturing index remained flat in 3Q 2016
In Japan, the Tankan large manufacturing index remained flat at a level of 6.00 in 3Q 2016. Market anticipation was for the Tankan large manufacturing index to climb to 7.00.
Japanese manufacturing PMI rose in September
The final manufacturing PMI in Japan registered a rise to 50.40 in September. In the prior month, manufacturing PMI had registered a reading of 49.50. The preliminary figures had indicated an advance to 50.30.
Japanese Tankan large all industry capex rose less than expected in 3Q 2016
In 3Q 2016, Tankan large all industry capex advanced 6.30% on a QoQ basis in Japan, compared to a rise of 6.20% in the previous quarter. Markets were expecting Tankan large all industry capex to climb 6.50%.
Japanese Tankan non-manufacturing index registered a decline in 3Q 2016
The Tankan non-manufacturing index dropped to 18.00 in Japan, in 3Q 2016, in line with market expectations. The Tankan non-manufacturing index had recorded a level of 19.00 in the prior quarter.
Japanese corporate loans & discounts climbed in August
On a YoY basis, corporate loans & discounts rose 2.11% in August, in Japan. Corporate loans & discounts had risen 2.25% in the previous month.
Japanese annualised housing starts declined unexpectedly in August
The annualised housing starts in Japan recorded an unexpected drop to a level of 0.96 million units in August, compared to market expectations of a steady reading. The annualised housing starts had recorded a reading of 1.00 million units in the prior month.
Japanese Tankan non-manufacturing outlook index fell unexpectedly in 3Q 2016
In 3Q 2016, the Tankan non-manufacturing outlook index recorded an unexpected drop to a level of 16.00 in Japan, lower than market expectations of an advance to a level of 18.00. In the prior quarter, the Tankan non-manufacturing outlook index had recorded a reading of 17.00.
Japanese housing starts rose less than expected in August
On a YoY basis, housing starts in Japan recorded a rise of 2.50% in August, compared to an advance of 8.90% in the previous month. Market expectation was for housing starts to advance 7.10%.
Chinese NBS non-manufacturing PMI advanced in September
The NBS non-manufacturing PMI advanced to 53.70 in September, in China. In the prior month, the NBS non-manufacturing PMI had recorded a level of 53.50.
Chinese NBS manufacturing PMI steadied in September
In September, the NBS manufacturing PMI remained flat at a level of 50.40 in China, lower than market expectations of an advance to a level of 50.50.
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