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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices unexpectedly climbed in July
The seasonally adjusted house prices in the UK unexpectedly rose 0.30% on a MoM basis in July, higher than market expectations for a drop of 0.10%. In the previous month, house prices had risen 1.10%.
UK house prices advanced more than expected in July
In July, on a YoY basis, the non-seasonally adjusted house prices in the UK rose 2.90%, compared to a rise of 3.10% in the prior month. Market expectation was for house prices to rise 2.70%.
UK BRC shop price index dropped in July
In July, on an annual basis, the BRC shop price index in the UK slid 0.40%. The BRC shop price index had fallen 0.30% in the previous month.
UK manufacturing PMI advanced in July
The manufacturing PMI in the UK advanced to 55.10 in July, compared to market expectations of an advance to a level of 54.50. In the previous month, the manufacturing PMI had registered a revised level of 54.20.
Euro-zone manufacturing PMI dropped in July
The final manufacturing PMI in the Euro-zone eased to 56.60 in July, compared to a reading of 57.40 in the previous month. The preliminary figures had indicated a fall to 56.80. Markets were expecting the manufacturing PMI to ease to a level of 56.80.
Euro-zone GDP advanced as expected in 2Q 2017
The seasonally adjusted flash gross domestic product (GDP) rose 0.60% on a quarterly basis in 2Q 2017, in the Euro-zone, in line with market expectations. In the previous quarter, GDP had registered a revised rise of 0.50%.
Euro-zone GDP rose as expected in 2Q 2017
On an annual basis, the seasonally adjusted preliminary gross domestic product (GDP) recorded a rise of 2.10% in 2Q 2017, in the Euro-zone, in line with market expectations. In the prior quarter, GDP had climbed 1.90%.
German manufacturing PMI dropped in July
The final manufacturing PMI eased to 58.10 in Germany, in July, compared to a reading of 59.60 in the prior month. Markets were expecting manufacturing PMI to fall to a level of 58.30. The preliminary figures had recorded a drop to 58.30.
German unemployment rate remained unchanged in July
In July, the seasonally adjusted unemployment rate remained steady at 5.70% in Germany, at par with market expectations.
German number of people unemployed declined more than expected in July
The number of people unemployed in Germany fell 9.00 K in July, compared to a revised rise of 6.00 K in the prior month. Market anticipation was for the number of people unemployed to ease 5.00 K.
French manufacturing PMI advanced in July
In July, the final manufacturing PMI in France advanced to 54.90, lower than market expectations of a rise to 55.40. The preliminary figures had indicated a rise to 55.40. In the prior month, manufacturing PMI had registered a level of 54.80.
Italian manufacturing PMI fell in July
In Italy, the manufacturing PMI dropped to 55.10 in July, compared to market expectations of a fall to 55.00. The manufacturing PMI had registered a level of 55.20 in the prior month.
Spanish manufacturing PMI declined in July
In July, the manufacturing PMI recorded a drop to 54.00 in Spain, compared to market expectations of a fall to 54.50. In the previous month, the manufacturing PMI had recorded a reading of 54.70.
US personal consumption expenditure deflator remained unchanged in June
In June, personal consumption expenditure deflator in the US remained flat on a MoM basis, meeting market expectations. Personal consumption expenditure deflator had registered a revised flat reading in the previous month.
US ISM production slid in July
In July, ISM production registered a drop to 60.60 in the US, compared to a reading of 62.40 in the prior month.
US ISM inventories advanced in July
In July, ISM inventories advanced to 50.00 in the US. In the previous month, ISM inventories had recorded a reading of 49.00.
US Markit manufacturing PMI rose in July
In the US, the final Markit manufacturing PMI climbed to 53.30 in July, compared to market expectations of an advance to 53.20. The Markit manufacturing PMI had registered a level of 52.00 in the previous month. The preliminary figures had indicated an advance to 53.20.
US ISM prices paid index advanced in July
In July, the ISM prices paid index registered a rise to 62.00 in the US, higher than market expectations of a rise to a level of 55.80. In the previous month, the ISM prices paid index had recorded a level of 55.00.
US core personal consumption expenditure rose more than expected in June
In June, core personal consumption expenditure advanced 1.50% on an annual basis in the US, higher than market expectations for a rise of 1.40%. In the prior month, core personal consumption expenditure had registered a revised similar rise.
US Redbook index dropped in the last week
The seasonally adjusted Redbook index slid 1.20% on a MoM basis in the US, in the week ended 28 July 2017. In the previous week, the Redbook index had registered a drop of 1.30%.
US Redbook index rose in the last week
On a YoY basis, the Redbook index climbed 2.80% in the US, in the week ended 28 July 2017. In the prior week, the Redbook index had advanced 2.10%.
US core personal consumption expenditure rose as expected in June
On a MoM basis, core personal consumption expenditure advanced 0.10% in the US, in June, meeting market expectations. In the prior month, core personal consumption expenditure had registered a similar rise.
US construction spending unexpectedly slid in June
Construction spending unexpectedly dropped 1.30% on a MoM basis in the US in June, lower than market expectations for a rise of 0.40%. In the prior month, construction spending had advanced by a revised 0.30%.
US ISM new orders slid in July
ISM new orders recorded a drop to 60.40 in the US, in July. ISM new orders had recorded a level of 63.50 in the previous month.
US personal consumption expenditure deflator advanced more than expected in June
In June, on an annual basis, personal consumption expenditure deflator registered a rise of 1.40% in the US, compared to a revised advance of 1.50% in the prior month. Market expectation was for personal consumption expenditure deflator to advance 1.30%.
US ISM backlog orders eased in July
ISM backlog orders registered a drop to 55.00 in the US, in July, compared to a level of 57.00 in the previous month.
US ISM manufacturing activity index declined in July
The ISM manufacturing activity index recorded a drop to 56.30 in July, in the US, lower than market expectations of a fall to a level of 56.50. The ISM manufacturing activity index had recorded a reading of 57.80 in the previous month.
US personal spending advanced as expected in June
On a monthly basis, personal spending rose 0.10% in June, in the US, in line with market expectations. In the prior month, personal spending had risen by a revised 0.20%.
US personal income remained steady in June
In the US, personal income remained flat in June, on a MoM basis, less than market expectations for a rise of 0.40%. In the prior month, personal income had risen by a revised 0.30%.
Japanese vehicle sales dropped in July
Vehicle sales recorded a drop of 1.10% on an annual basis in Japan, in July. Vehicle sales had recorded a rise of 9.70% in the prior month.
Japanese monetary base climbed in July
Monetary base recorded a rise of 15.60% on a YoY basis, in July, in Japan. In the previous month, the monetary base had registered a rise of 17.00%.
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