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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone composite PMI fell in June
Compared to a reading of 56.80 in the previous month the flash composite PMI recorded a drop to 55.70 in the Euro-zone, in June. Market anticipation was for composite PMI to ease to a level of 56.60.
Euro-zone manufacturing PMI surprisingly advanced in June
The flash manufacturing PMI rose unexpectedly to 57.30 in June, in the Euro-zone, compared to market expectations of a drop to 56.80. The manufacturing PMI had recorded a level of 57.00 in the previous month.
Euro-zone services PMI declined in June
Compared to a reading of 56.30 in the previous month the preliminary services PMI in the Euro-zone eased to 54.70 in June. Markets were expecting services PMI to drop to 56.10.
German manufacturing PMI dropped in June
In June, the preliminary manufacturing PMI recorded a drop to 59.30 in Germany, compared to a level of 59.50 in the previous month. Markets were expecting manufacturing PMI to drop to a level of 59.00.
German services PMI surprisingly slid in June
The flash services PMI recorded an unexpected drop to 53.70 in June, in Germany, lower than market expectations of a steady reading. Services PMI had recorded a reading of 55.40 in the prior month.
French manufacturing PMI advanced in June
In June, the flash manufacturing PMI rose to a level of 55.00 in France, compared to market expectations of an advance to a level of 54.00. In the prior month, manufacturing PMI had registered a level of 53.80.
French GDP advanced more than expected in 1Q 2017
On a YoY basis in 1Q 2017, the final gross domestic product (GDP) advanced 1.10% in France, more than market expectations for a rise of 1.00%. The preliminary figures had indicated a rise of 1.00%. GDP had advanced by a revised 1.20% in the prior quarter.
French GDP advanced more than expected in 1Q 2017
On a QoQ basis in France, the final GDP registered a rise of 0.50% in 1Q 2017, higher than market expectations for an advance of 0.40%. The preliminary figures had indicated a rise of 0.40%. GDP had registered a revised similar rise in the prior quarter.
French services PMI slid in June
In France, the flash services PMI fell to a level of 55.30 in June, compared to a level of 57.20 in the previous month. Market expectation was for services PMI to drop to 57.00.
Italian industrial sales eased in April
The seasonally adjusted industrial sales registered a drop of 0.50% in Italy on a monthly basis, in April. In the prior month, industrial sales had registered a revised rise of 0.40%.
Italian industrial orders fell in April
On a YoY basis, the non-seasonally adjusted industrial orders dropped 2.20% in April, in Italy. In the previous month, industrial orders had recorded a rise of 9.20%.
Italian industrial sales rose in April
The non-seasonally adjusted industrial sales advanced 4.00% on a YoY basis, in April, in Italy. Industrial sales had registered a rise of 7.20% in the previous month.
Italian industrial orders dropped in April
On a monthly basis, the seasonally adjusted industrial orders in Italy slid 0.70% in April. In the previous month, industrial orders had fallen by a revised 4.30%.
US Markit services PMI slid in June
The flash Markit services PMI in the US fell to a level of 53.00 in June, compared to a reading of 53.60 in the prior month. Market expectation was for Markit services PMI to fall to 53.50.
US Markit manufacturing PMI surprisingly dropped in June
The preliminary Markit manufacturing PMI eased unexpectedly to a level of 52.10 in the US, in June, compared to a level of 52.70 in the previous month. Markets were anticipating the Markit manufacturing PMI to climb to a level of 53.00.
US Markit composite PMI declined in June
The preliminary Markit composite PMI fell to a level of 53.00 in the US, in June. In the previous month, Markit composite PMI had registered a reading of 53.60.
Canadian CPI slid in May
In May, on a monthly basis, the seasonally adjusted consumer price index (CPI) in Canada registered a drop of 0.20%. In the prior month, CPI had advanced 0.50%.
Canadian CPI rose less than expected in May
The CPI registered a rise of 1.30% on an annual basis in Canada, in May, lower than market expectations for a rise of 1.50%. The CPI had climbed 1.60% in the previous month.
Canadian CPI advanced less than expected in May
In May, on a MoM basis, the CPI in Canada registered a rise of 0.10%, compared to a rise of 0.40% in the previous month. Market anticipation was for the CPI to advance 0.20%.
Japanese corporate service price index advanced as expected in May
In May, the corporate service price index recorded a rise of 0.70% on an annual basis in Japan, meeting market expectations. In the previous month, the corporate service price index had registered a revised rise of 0.80%.
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