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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction output unexpectedly slid in June
On a MoM basis, construction output unexpectedly dropped 0.10% in June, in the UK, less than market expectations for an advance of 1.40%. In the previous month, construction output had fallen by a revised 0.40%.
UK manufacturing production advanced as expected in June
On an annual basis in June, manufacturing production climbed 0.60% in the UK, meeting market expectations. Manufacturing production had climbed by a revised 0.30% in the prior month.
UK total trade deficit rose in June
Total trade deficit in the UK widened to £4.56 billion in June, compared to a revised total trade deficit of £2.52 billion in the previous month. Markets were expecting the country’s total trade deficit to narrow to £2.50 billion.
UK construction output rose less than expected in June
On a YoY basis, construction output in the UK recorded a rise of 0.90% in June, lower than market expectations for a rise of 1.80%. In the prior month, construction output had risen by a revised 0.50%.
UK visible trade deficit expanded in June
Visible trade deficit in the UK rose to £12.72 billion in June, from a revised visible trade deficit of £11.31 billion in the prior month. Market expectation was for the nation’s visible trade deficit to drop to £11.00 billion.
UK industrial production rose more than expected in June
On a monthly basis, industrial production recorded a rise of 0.50% in June, in the UK, more than market expectations for a rise of 0.10%. Industrial production had recorded a revised flat reading in the previous month.
UK trade deficit expanded in June
The UK has posted non-EU trade deficit of £4.47 billion in June, following a revised trade deficit of £3.49 billion in the previous month. Market expectation was for the nation to register a trade deficit of £3.00 billion.
UK NIESR estimated GDP advanced less than expected in the May-July 2017 period
In the May-July 2017 period, NIESR estimated gross domestic product (GDP) climbed 0.20% on a MoM basis in the UK, lower than market expectations for a rise of 0.30%. In the April-June 2017 period, NIESR estimated GDP had climbed 0.30%.
UK industrial production unexpectedly rose in June
On a YoY basis, industrial production in the UK registered an unexpected rise of 0.30% in June, compared to a fall of 0.20% in the prior month. Market anticipation was for industrial production to ease 0.10%.
UK manufacturing production remained unchanged in June
On a MoM basis, manufacturing production remained flat in the UK, in June, at par with market expectations. In the prior month, manufacturing production had recorded a revised drop of 0.10%.
French manufacturing production fell less than expected in June
On a monthly basis in France, manufacturing production fell 0.90% in June, compared to an advance of 2.00% in the previous month. Markets were anticipating manufacturing production to fall 1.00%.
French industrial production declined more than expected in June
On a MoM basis, industrial production dropped 1.10% in June, in France, higher than market expectations for a drop of 0.60%. Industrial production had advanced 1.90% in the previous month.
Italian trade surplus fell in June
Italy posted trade surplus (EU countries) of €1.22 billion in June, following a revised trade surplus of €1.69 billion in the previous month.
Italian trade surplus rose in June
Trade surplus (non-EU countries) in Italy rose to €3.28 billion in June, compared to a trade surplus of €2.65 billion in the prior month.
US producer price (ex-food & energy) surprisingly dropped in July
Producer price (ex-food & energy) unexpectedly dropped 0.10% on a MoM basis in July, in the US, lower than market expectations for an advance of 0.20%. In the previous month, producer price (ex-food & energy) had climbed 0.10%.
US producer price (ex-food & energy) rose less than expected in July
In the US, producer price (ex-food & energy) registered a rise of 1.80% in July, on a YoY basis, lower than market expectations for an advance of 2.10%. In the prior month, producer price (ex-food & energy) had advanced 1.90%.
US producer price unexpectedly dropped in July
Producer price unexpectedly fell 0.10% on a monthly basis in the US, in July, compared to an advance of 0.10% in the previous month. Markets were anticipating producer price to climb 0.10%.
US continuing jobless claims eased in the last week
In the week ended 29 July 2017, the seasonally adjusted continuing jobless claims eased to 1951.00 K in the US, lower than market expectations of a drop to a level of 1960.00 K. Continuing jobless claims had registered a revised reading of 1967.00 K in the prior week.
US initial jobless claims surprisingly rose in the last week
In the week ended 05 August 2017, the seasonally adjusted initial jobless claims in the US climbed unexpectedly to 244.00 K, compared to a revised reading of 241.00 K in the prior week. Market expectation was for initial jobless claims to fall to a level of 240.00 K.
US budget deficit dropped in July
Budget deficit in the US fell to $42.90 billion in July, compared to market expectations of a budget deficit of $54.00 billion. The US had registered a budget deficit of $90.20 billion in the prior month.
US producer price rose less than expected in July
On a YoY basis, producer price rose 1.90% in July, in the US, compared to a rise of 2.00% in the prior month. Markets were expecting producer price to climb 2.20%.
Canadian new housing price index rose less than expected in June
The new housing price index recorded a rise of 0.20% in Canada on a MoM basis in June, lower than market expectations for an advance of 0.50%. In the previous month, the new housing price index had registered a rise of 0.70%.
Canadian new housing price index rose in June
The new housing price index rose 3.90% on a YoY basis, in June, in Canada. In the previous month, the new housing price index had registered a rise of 3.80%.
Japanese tertiary industry index steadied in June
The tertiary industry index remained unchanged on a MoM basis in Japan, in June, compared to a drop of 0.10% in the previous month. Markets were anticipating the tertiary industry index to rise 0.20%.
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