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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK number of mortgage approvals for house purchases declined in June
Number of mortgage approvals for house purchases in the UK dropped to 64.70 K in June, lower than market expectations of a fall to 65.00 K. In the previous month, number of mortgage approvals for house purchases had recorded a revised level of 65.10 K.
UK net lending to individuals rose in June
Net lending to individuals registered a rise of £5.61 billion in the UK, in June. In the prior month, net lending to individuals had recorded a revised rise of £5.68 billion.
UK net consumer credit advanced as expected in June
Net consumer credit in the UK recorded a rise of £1.50 billion in June, compared to a revised rise of £1.80 billion in the prior month. Market anticipation was for net consumer credit to rise £1.50 billion.
UK net lending secured on dwellings rose more than expected in June
Net lending secured on dwellings registered a rise of £4.10 billion in the UK, in June, compared to a revised advance of £3.90 billion in the previous month. Market anticipation was for net lending secured on dwellings to rise £3.40 billion.
Euro-zone core CPI advanced more than expected in July
In the Euro-zone, the preliminary core consumer price index (CPI) advanced 1.20% in July, on an annual basis, higher than market expectations for an advance of 1.10%. In the previous month, the core CPI had climbed 1.10%.
Euro-zone unemployment rate surprisingly dropped in June
Compared to a revised reading of 9.20% in the previous month the unemployment rate registered an unexpected drop to a level of 9.10% in the Euro-zone, in June. Market expectation was for the unemployment rate to record a steady reading.
German retail sales rose more than expected in June
In Germany, retail sales registered a rise of 1.10% in June, on a monthly basis, more than market expectations for an advance of 0.20%. In the prior month, retail sales had registered a rise of 0.50%.
German retail sales advanced less than expected in June
On a YoY basis, retail sales recorded a rise of 1.50% in June, in Germany, compared to a revised advance of 4.90% in the prior month. Market anticipation was for retail sales to rise 2.70%.
Italian EU normalised CPI fell as expected in July
In July, on a MoM basis, the preliminary EU normalised CPI dropped 1.90% in Italy, compared to a drop of 0.20% in the prior month. Markets were anticipating the EU normalised CPI to drop 1.90%.
Italian unemployment rate declined in June
In Italy, unemployment rate eased to 11.10% in June, compared to market expectations of a drop to a level of 11.20%. In the prior month, unemployment rate had recorded a level of 11.30%.
Italian CPI unexpectedly rose in July
The preliminary CPI unexpectedly advanced 0.10% in Italy, on a monthly basis in July, more than market expectations for a steady reading. In the previous month, the CPI had registered a drop of 0.10%.
Italian EU normalised CPI advanced as expected in July
In July, on an annual basis, the preliminary EU normalised CPI in Italy advanced 1.20%, meeting market expectations. The EU normalised CPI had registered a similar rise in the prior month.
Italian PPI rose in June
In June, on a YoY basis, the producer price index (PPI) recorded a rise of 3.10% in Italy. The PPI had registered a similar rise in the previous month.
Italian PPI advanced in June
The PPI recorded a rise of 0.40% on a MoM basis in Italy, in June. In the previous month, the PPI had recorded a drop of 0.40%.
Italian CPI advanced more than expected in July
In July, the preliminary CPI climbed 1.10% on a YoY basis in Italy, higher than market expectations for a rise of 1.00%. The CPI had recorded a rise of 1.20% in the previous month.
Spanish current account surplus widened in May
Spain has registered current account surplus of €2.60 billion in May, from a current account surplus of €0.40 billion in the prior month.
US Chicago Fed purchasing managers’ index fell in July
The Chicago Fed purchasing managers index dropped to 58.90 in July, in the US, compared to market expectations of a drop to a level of 60.00. In the previous month, the Chicago Fed purchasing managers index had recorded a reading of 65.70.
US pending home sales advanced more than expected in June
In June, on a monthly basis, pending home sales in the US advanced 1.50%, compared to a revised drop of 0.70% in the previous month. Market anticipation was for pending home sales to rise 1.00%.
US pending home sales rose in June
In June, on an annual basis, pending home sales rose 0.70% in the US. In the previous month, pending home sales had registered a revised similar rise.
US Dallas Fed manufacturing business index unexpectedly rose in July
Compared to a reading of 15.00 in the previous month the Dallas Fed manufacturing business index advanced unexpectedly to a level of 16.80 in the US, in July. Market anticipation was for the Dallas Fed manufacturing business index to fall to 13.00.
Canadian industrial product price index declined more than expected in June
In June, the industrial product price index in Canada eased 1.00% on a MoM basis, more than market expectations for a drop of 0.30%. In the prior month, the industrial product price index had recorded a revised rise of 0.10%.
Canadian raw material price index declined more than expected in June
In June, on a monthly basis, the raw material price index recorded a drop of 3.70% in Canada, compared to a revised fall of 1.70% in the previous month. Markets were expecting the raw material price index to drop 3.30%.
Japanese construction orders rose in June
In Japan, construction orders advanced 2.30% in June on an annual basis. In the previous month, construction orders had dropped 0.50%.
Japanese annualised housing starts remained flat in June
In Japan, the annualised housing starts remained steady at a level of 1.00 million units in June, compared to market expectations of a fall to a level of 0.99 million units.
Japanese housing starts rose more than expected in June
In June, on an annual basis, housing starts in Japan recorded a rise of 1.70%, more than market expectations for an advance of 0.10%. In the previous month, housing starts had registered a drop of 0.30%.
Japanese manufacturing PMI slid in July
The final manufacturing PMI in Japan fell to a level of 52.10 in July. In the previous month, manufacturing PMI had recorded a reading of 52.40. The preliminary figures had indicated a drop to 52.20.
Chinese Caixin/Markit manufacturing PMI index surprisingly climbed in July
Compared to a level of 50.40 in the previous month Caixin/Markit manufacturing PMI index in China unexpectedly advanced to 51.10 in July. Markets were expecting Caixin/Markit manufacturing PMI index to remain unchanged.
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