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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone consumer confidence index dropped in July
The final consumer confidence index registered a drop to -1.70 in the Euro-zone, in July, compared to a level of -1.30 in the previous month. The preliminary figures had also indicated a drop to -1.70. Markets were expecting the consumer confidence index to ease to.
Euro-zone industrial confidence index remained steady in July
In the Euro-zone, the industrial confidence index remained steady at a level of 4.50 in July, higher than market expectations of a fall to 4.40.
Euro-zone economic sentiment indicator unexpectedly advanced in July
The economic sentiment indicator in the Euro-zone climbed unexpectedly to a level of 111.20 in July, compared to a reading of 111.10 in the previous month. Market anticipation was for the economic sentiment indicator to fall to 110.80.
Euro-zone business climate indicator fell in July
In July, the business climate indicator fell to a level of 1.05 in the Euro-zone, lower than market expectations of a drop to 1.14. The business climate indicator had recorded a revised reading of 1.16 in the prior month.
Euro-zone services sentiment indicator advanced in July
Compared to a revised reading of 13.30 in the prior month the services sentiment indicator recorded a rise to 14.10 in the Euro-zone, in July. Market anticipation was for the services sentiment indicator to advance to 13.40.
German HICP advanced more than expected in July
On a YoY basis, in Germany, the preliminary harmonised consumer price index (HICP) registered a rise of 1.50% in July, higher than market expectations for a rise of 1.40%. The HICP had registered a similar rise in the prior month.
German HICP rose more than expected in July
The flash HICP recorded a rise of 0.40% in Germany, on a monthly basis, higher than market expectations for an advance of 0.30%. The HICP had risen 0.20% in the prior month.
German CPI advanced more than expected in July
The final consumer price index (CPI) registered a rise of 0.40% on a MoM basis in July, in Germany, higher than market expectations for a rise of 0.20%. The CPI had risen 0.20% in the prior month. The preliminary figures had recorded an advance of 0.20%.
German CPI advanced more than expected in July
On an annual basis, the flash CPI climbed 1.70% in Germany, in July, compared to an advance of 1.60% in the prior month. Markets were expecting the CPI to climb 1.50%.
French EU normalised CPI declined as expected in July
The flash EU normalised CPI fell 0.40% on a MoM basis in France, in July, in line with market expectations. EU normalised CPI had registered an unchanged reading in the previous month.
French GDP rose as expected in 2Q 2017
The flash gross domestic product (GDP) advanced 0.50% on a quarterly basis in France, in 2Q 2017, meeting market expectations. GDP had registered a similar rise in the prior quarter.
French CPI (ex-tobacco) fell less than expected in July
The flash CPI (ex-tobacco) in France recorded a drop of 0.30% on a MoM basis in July, lower than market expectations for a fall of 0.40%. In the prior month, the CPI (ex-tobacco) had registered a flat reading.
French consumer spending declined more than expected in June
In June on a MoM basis, consumer spending in France registered a drop of 0.80%, higher than market expectations for a drop of 0.40%. In the previous month, consumer spending had advanced by a revised 0.90%.
French CPI (ex-tobacco) rose as expected in July
In July, the preliminary CPI (ex-tobacco) in France climbed 0.70% on an annual basis, in line with market expectations. In the prior month, the CPI (ex-tobacco) had registered a similar rise.
French GDP advanced more than expected in 2Q 2017
The preliminary GDP in France registered a rise of 1.80% in 2Q 2017 on a YoY basis, more than market expectations for a rise of 1.60%. In the prior quarter, GDP had climbed 1.10%.
Spanish GDP rose as expected in 2Q 2017
In 2Q 2017, the preliminary GDP in Spain, registered a rise of 0.90% on a quarterly basis, in line with market expectations. GDP had recorded a rise of 0.80% in the prior quarter.
Spanish HICP index rose more than expected in July
In July, the preliminary HICP in Spain climbed 1.70% on a YoY basis, more than market expectations for an advance of 1.60%. In the prior month, the HICP had registered a rise of 1.60%.
Spanish HICP index fell less than expected in July
On a MoM basis, the preliminary HICP recorded a drop of 1.20% in July, in Spain, lower than market expectations for a drop of 1.30%. In the prior month, the HICP had climbed 0.10%.
Spanish CPI declined less than expected in July
The flash CPI fell 0.70% on a monthly basis in Spain, in July, compared to an unchanged reading in the prior month. Market expectation was for the CPI to ease 0.80%.
Spanish GDP advanced more than expected in 2Q 2017
The flash GDP in Spain rose 3.10% on a YoY basis in 2Q 2017, compared to an advance of 3.00% in the previous quarter. Markets were expecting GDP to rise 3.00%.
Spanish CPI rose as expected in July
In July, on a YoY basis, the flash CPI climbed 1.50% in Spain, in line with market expectations. The CPI had registered a similar rise in the prior month.
Swiss KOF economic barometer climbed in July
The KOF economic barometer in Switzerland rose to a level of 106.80 in July, higher than market expectations of a rise to a level of 106.00. The KOF economic barometer had registered a revised level of 105.80 in the previous month.
US GDP price index advanced less than expected in 2Q 2017
On a quarterly basis, in the US, the flash gross domestic product price index recorded a rise of 1.00% in 2Q 2017, less than market expectations for a rise of 1.30%. The GDP price index had recorded a rise of 1.90% in the prior quarter.
US core personal consumption expenditure advanced more than expected in 2Q 2017
In the US, the preliminary core personal consumption expenditure climbed 0.90% on a quarterly basis in 2Q 2017, more than market expectations for an advance of 0.70%. In the prior quarter, core personal consumption expenditure had advanced 2.00%.
US annualised GDP advanced less than expected in 2Q 2017
In 2Q 2017, on a quarterly basis, the preliminary annualised gross domestic product rose 2.60% in the US, lower than market expectations for an advance of 2.70%. In the previous quarter, the annualised GDP had recorded a rise of 1.40%.
US Reuters/Michigan consumer sentiment index dropped in July
The final Reuters/Michigan consumer sentiment index in the US recorded a drop to 93.40 in July, compared to market expectations of a drop to a level of 93.20. In the prior month, the Reuters/Michigan consumer sentiment index had recorded a level of 95.10. The preliminary figures had indicated a drop to 93.10.
US personal consumption rose as expected in 2Q 2017
On a quarterly basis, the flash personal consumption rose 2.80% in the US, in 2Q 2017, meeting market expectations. Personal consumption had registered a rise of 1.10% in the previous quarter.
US employment cost index rose less than expected in 2Q 2017
In 2Q 2017, the employment cost index climbed 0.50% on a quarterly basis in the US, lower than market expectations for a rise of 0.60%. The employment cost index had climbed 0.80% in the prior quarter.
Canadian GDP rose more than expected in May
On an annual basis, the gross domestic product advanced 4.60% in May, in Canada, more than market expectations for a rise of 4.10%. The GDP had registered a rise of 3.30% in the previous month.
Canadian GDP rose more than expected in May
In May, the GDP in Canada advanced 0.60% on a monthly basis, higher than market expectations for a rise of 0.20%. The GDP had climbed 0.20% in the prior month.
Japanese vehicle production rose in June
On a YoY basis, vehicle production advanced 6.90% in June, in Japan. In the previous month, vehicle production had advanced 5.50%.
Chinese NBS manufacturing PMI eased in July
The NBS manufacturing PMI in China recorded a drop to 51.40 in July, compared to a reading of 51.70 in the previous month. Market anticipation was for the NBS manufacturing PMI to fall to 51.50.
Chinese NBS non-manufacturing PMI slid in July
In July, the NBS non-manufacturing PMI in China dropped to 54.50, compared to a level of 54.90 in the previous month.
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