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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Italian industrial production rose in May
The non-seasonally adjusted industrial production recorded a rise of 2.80% on an annual basis in Italy, in May. In the previous month, industrial production had recorded a revised drop of 6.60%.
Italian industrial production rose more than expected in May
On a YoY basis, in Italy, the working day adjusted industrial production advanced 2.80% in May, compared to a revised rise of 0.90% in the prior month. Market anticipation was for industrial production to climb 2.00%.
Italian industrial production advanced more than expected in May
The seasonally adjusted industrial production rose 0.70% on a MoM basis in May, in Italy, higher than market expectations for an advance of 0.50%. In the prior month, industrial production had recorded a revised drop of 0.50%.
US JOLTS job openings declined in May
JOLTS job openings registered a drop to 5666.00 K in the US, in May, compared to a reading of 6044.00 K in the previous month. Market anticipation was for JOLTS job openings to drop to 5950.00 K.
US wholesale inventories advanced more than expected in May
In May, on a monthly basis, the seasonally adjusted final wholesale inventories in the US rose 0.40%, higher than market expectations for an advance of 0.30%. The preliminary figures had indicated an advance of 0.30%. In the prior month, the wholesale inventories had recorded a revised drop of 0.40%.
US small business optimism index dropped in June
The small business optimism index registered a drop to 103.60 in the US, in June, compared to a reading of 104.50 in the previous month. Market expectation was for the small business optimism index to ease to 104.40.
Canadian housing starts climbed in June
In Canada, the seasonally adjusted housing starts registered a rise to 212.70 K in June, compared to a reading of 194.70 K in the previous month. Market expectation was for housing starts to rise to a level of 200.00 K.
Japanese machine tool orders advanced in June
On an annual basis, the flash machine tool orders rose 31.10% in June, in Japan. In the prior month, machine tool orders had advanced 24.50%.
Japanese tertiary industry index fell less than expected in May
On monthly basis, Japanese tertiary industry index registered a drop of 0.1% in May, compared to a reading of 1.4% in the previous month. Market expectation was for tertiary industry index to fall 0.5%.
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