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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK consumer confidence slid in July
In July, the consumer confidence recorded a drop to -12.00 in the UK, compared to a reading of -10.00 in the prior month. Market expectation was for the consumer confidence to drop to -11.00.
UK CBI distributive trade survey’s retail sales balance advanced unexpectedly in July
In July, the CBI distributive trade survey’s retail sales balance recorded an unexpected rise to 22.00% in the UK, compared to market expectations of a fall to a level of 10.00%. The CBI distributive trade survey’s retail sales balance had recorded a level of 12.00% in the prior month.
Euro-zone M3 money supply rose as expected in June
M3 money supply in the Euro-zone recorded a rise of 5.00% in June on an annual basis, at par with market expectations. In the prior month, M3 money supply had registered a similar rise.
German consumer confidence index unexpectedly climbed in August
The consumer confidence index in Germany recorded an unexpected rise to 10.80 in August, higher than market expectations of a steady reading. In the previous month, the consumer confidence index had recorded a reading of 10.60.
Spanish unemployment rate (survey) fell in 2Q 2017
Unemployment rate (survey) recorded a drop to 17.22% in Spain, in 2Q 2017, compared to market expectations of a fall to a level of 17.80%. In the previous quarter, unemployment rate (survey) had recorded a level of 18.75%.
US durable goods orders advanced more than expected in June
On a monthly basis, the preliminary durable goods orders in the US rose 6.50% in June, compared to a drop of 0.80% in the prior month. Markets were expecting durable goods orders to rise 3.90%.
US Chicago Fed national activity index advanced in June
The Chicago Fed national activity index in the US recorded a rise to 0.13 in June, compared to market expectations of a rise to 0.37. The Chicago Fed national activity index had recorded a revised level of -0.30 in the prior month.
US non-defence capital goods shipments (ex aircraft) rose less than expected in June
In June, the preliminary non-defence capital goods shipments (ex aircraft) recorded a rise of 0.20% in the US, on a monthly basis, less than market expectations for an advance of 0.30%. The non-defence capital goods shipments (ex aircraft) had recorded a rise of 0.10% in the previous month.
US durable goods orders (ex transportation) rose less than expected in June
In June, the flash durable goods orders (ex transportation) recorded a rise of 0.20% on a monthly basis in the US, less than market expectations for an advance of 0.40%. In the previous month, durable goods orders (ex transportation) had recorded a drop of 0.30%.
US Kansas City Fed manufacturing activity index unexpectedly eased in July
In the US, the Kansas City Fed manufacturing activity index fell unexpectedly to a level of 10.00 in July, compared to a level of 11.00 in the previous month. Market expectation was for the Kansas City Fed manufacturing activity index to climb to a level of 12.00.
US advance goods trade deficit dropped in June
The US has reported advance goods trade deficit of $63.90 billion in June, from a revised advance goods trade deficit of $66.30 billion in the prior month. Markets were anticipating the nation to register a advance goods trade deficit of $65.50 billion.
US wholesale inventories advanced more than expected in June
On a MoM basis, the seasonally adjusted preliminary wholesale inventories in the US registered a rise of 0.60% in June, more than market expectations for a rise of 0.30%. The wholesale inventories had risen 0.40% in the prior month.
US non-defence capital goods orders (ex aircraft) surprisingly eased in June
In June, on a monthly basis, the preliminary non-defence capital goods orders (ex aircraft) in the US unexpectedly fell 0.10%, lower than market expectations for an advance of 0.30%. The non-defence capital goods orders (ex aircraft) had risen 0.20% in the prior month.
US initial jobless claims climbed in the last week
Compared to a revised reading of 234.00 K in the previous week the seasonally adjusted initial jobless claims registered a rise to 244.00 K in the US, in the week ended 22 July 2017. Market expectation was for initial jobless claims to advance to a level of 240.00 K.
US continuing jobless dropped in the last week
The seasonally adjusted continuing jobless claims registered a drop to 1964.00 K in the week ended 15 July 2017, in the US, compared to a level of 1977.00 K in the previous week. Market anticipation was for continuing jobless claims to drop to 1960.00 K.
BoJ’s July summary of opinions indicated concerns about credibility, ETF purchases
The Bank of Japan’s (BoJ) July meeting minutes revealed that policymakers discussed repeated delays in meeting the central bank’s inflation target and that it could undermine the BoJ’s credibility. Also, they called for an in-depth discussion on whether it was appropriate to continue buying exchange-traded funds.
Japanese large retailer’s sales unexpectedly rose in June
In June, on a MoM basis, large retailer’s sales registered an unexpected rise of 0.20% in Japan, higher than market expectations for a fall of 0.10%. Large retailer’s sales had recorded a drop of 0.60% in the previous month.
Japanese job to applicant ratio advanced in June
In June, job to applicant ratio registered a rise to 1.51 in Japan, higher than market expectations of an advance to 1.50. In the prior month, job to applicant ratio had recorded a level of 1.49.
Japanese household spending rose more than expected in June
In June, household spending in Japan climbed 2.30% on a YoY basis, higher than market expectations for a rise of 0.50%. In the previous month, household spending had fallen 0.10%.
Japanese national consumer price index (CPI) rose as expected in June
In June on a YoY basis, the national consumer price index (CPI) in Japan rose 0.40%, at par with market expectations. In the prior month, the national consumer price index (CPI) had registered a similar rise.
Japanese unemployment rate eased in June
Unemployment rate in Japan fell to a level of 2.80% in June, compared to market expectations of a drop to 3.00%. In the prior month, unemployment rate had recorded a level of 3.10%.
Japanese Tokyo CPI advanced as expected in July
In Japan, Tokyo CPI registered a rise of 0.10% in July on an annual basis, in line with market expectations. In the previous month, Tokyo CPI had recorded an unchanged reading.
Japanese retail trade rose less than expected in June
On a MoM basis, retail trade in Japan climbed 0.20% in June, lower than market expectations for an advance of 0.40%. Retail trade had dropped 1.60% in the previous month.
Japanese retail trade advanced less than expected in June
On a YoY basis, retail trade registered a rise of 2.10% in June, in Japan, less than market expectations for a rise of 2.40%. In the previous month, retail trade had advanced 2.00%.
Japanese National CPI ex-fresh food advanced as expected in June
In June on a YoY basis, National CPI ex-fresh food in Japan recorded a rise of 0.40%, in line with market expectations. In the prior month, National CPI ex-fresh food had registered a similar rise.
Japanese Tokyo CPI excluding fresh food advanced more than expected in July
In July, on a YoY basis, Tokyo CPI excluding fresh food in Japan rose 0.20%, compared to an unchanged reading in the prior month. Market anticipation was for Tokyo CPI excluding fresh food to rise 0.10%.
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