The key points from today’s economic news, brought to you by Guardian Stockbrokers.

UK new car registrations eased in July
On a YoY basis, new car registrations slid 9.30% in July, in the UK. New car registrations had dropped 4.80% in the previous month.
German factory orders rose more than expected in June
In June, on a monthly basis, the seasonally adjusted factory orders recorded a rise of 1.00% in Germany, compared to a revised rise of 1.10% in the prior month. Market expectation was for factory orders to climb 0.50%.
German factory orders advanced more than expected in June
The non-seasonally adjusted factory orders climbed 5.10% on a YoY basis in Germany, in June, compared to a revised rise of 3.80% in the previous month. Market expectation was for factory orders to rise 4.40%.
Italian retail sales advanced more than expected in June
On a monthly basis, the seasonally adjusted retail sales registered a rise of 0.60% in Italy, in June, higher than market expectations for a rise of 0.10%. In the prior month, retail sales had recorded a revised flat reading.
Italian retail sales rose in June
On an annual basis, the non-seasonally adjusted retail sales in Italy rose 1.50% in June. Retail sales had recorded a rise of 1.00% in the prior month.
Spanish calendar adjusted industrial output advanced less than expected in June
In June, the calendar adjusted industrial output in Spain climbed 2.70% on an annual basis, compared to a revised rise of 3.30% in the prior month. Market anticipation was for the calendar adjusted industrial output to climb 2.80%.
Household employment in the US increased in July
Household employment rose by 345.00 K in the US, in July, following an increase of 245.00 K in the previous month.
US underemployment rate remained flat in July
In July, underemployment rate remained unchanged at a rate of 8.60% in the US.
US average hourly earnings of all employees advanced as expected in July
In July, on a monthly basis, average hourly earnings of all employees climbed 0.30% in the US, compared to a rise of 0.20% in the previous month. Market expectation was for average hourly earnings of all employees to advance 0.30%.
Private payrolls in the US climbed in July
Private payrolls rose by 205.00 K in the US, in July, following a revised increase of 194.00 K in the prior month. Market expectation was for private payrolls to advance 180.00 K.
US average hourly earnings of all employees rose more than expected in July
In the US, average hourly earnings of all employees recorded a rise of 2.50% in July on a YoY basis, higher than market expectations for an advance of 2.40%. In the prior month, average hourly earnings of all employees had registered a similar rise.
US average weekly hours of all employees remained flat in July
Average weekly hours of all employees remained steady at 34.50 in the US, in July. Markets were expecting average weekly hours of all employees to remain unchanged.
Manufacturing payrolls in the US rose in July
Manufacturing payrolls recorded an increase of 16.00 K in the US, in July, more than market expectations of an advance of 5.00 K. Manufacturing payrolls had recorded a revised gain of 12.00 K in the prior month.
Non-farm payrolls in the US increased in July
Non-farm payrolls in the US recorded an increase of 209.00 K in July, compared to market anticipations of an advance of 180.00 K. Non-farm payrolls had recorded a revised increase of 231.00 K in the previous month.
US unemployment rate slid in July
Unemployment rate in the US recorded a drop to 4.30% in July, in line with market expectations. Unemployment rate had recorded a level of 4.40% in the prior month.
US trade deficit dropped in June
In June, trade deficit in the US fell to $43.60 billion, less than market expectations of a trade deficit of $44.50 billion. The US had posted a revised trade deficit of $46.40 billion in the prior month.
Canadian international merchandise trade deficit expanded in June
The international merchandise trade deficit in Canada expanded to C$3.60 billion in June, compared to market expectations of an international merchandise trade deficit of C$1.25 billion. Canada had registered a revised international merchandise trade deficit of C$1.36 billion in the previous month.
Canadian Ivey PMI dropped in July
In July, the non-seasonally adjusted Ivey PMI in Canada dropped to 52.90, compared to a level of 63.90 in the previous month.
Canadian unemployment rate unexpectedly dropped in July
In July, the unemployment rate in Canada fell unexpectedly to 6.30%, lower than market expectations of an unchanged reading. In the previous month, the unemployment rate had recorded a level of 6.50%.
Canadian participation rate dropped in July
The participation rate registered a drop to 65.70% in July, in Canada. In the prior month, the participation rate had registered a level of 65.90%.
Number of full time employment in Canada rose in July
In Canada, the number of full time employment climbed by 31.50 K in July, compared to an advance of 8.10 K in the prior month.
Net number of people employed in Canada climbed in July
The net number of people employed registered a rise of 10.90 K in Canada, in July, lower than market anticipations of an advance of 12.50 K. The net number of people employed had registered a gain of 45.30 K in the prior month.
Canadian Ivey PMI dropped in July
In July, the seasonally adjusted Ivey PMI in Canada fell to a level of 60.00. Ivey PMI had recorded a reading of 61.60 in the previous month.
Part time employment in Canada dropped in July
Part time employment in Canada dropped by 24.30 K in July, compared to a gain of 37.10 K in the previous month.
Japanese foreign exchange reserves climbed in July
Foreign exchange reserves rose to a level of $1260.00 billion in Japan, in July. In the previous month, foreign exchange reserves had recorded a reading of $1249.80 billion.
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