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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone M3 money supply rose less than expected in July
In July, M3 money supply in the Euro-zone rose 4.50% on a YoY basis, less than market expectations for an advance of 4.90%. In the prior month, M3 money supply had registered a rise of 5.00%.
German Ifo business expectations index unexpectedly advanced in August
In August, the Ifo business expectations index recorded an unexpected rise to 107.90 in Germany, compared to a level of 107.30 in the prior month. Markets were expecting the Ifo business expectations index to drop to a level of 106.80.
German Ifo current assessment index dropped in August
In Germany, the Ifo current assessment index dropped to 124.60 in August, compared to a revised level of 125.50 in the prior month. Market anticipation was for the Ifo current assessment index to fall to 125.00.
German Ifo business climate index declined in August
In Germany, the Ifo business climate index dropped to 115.90 in August, higher than market expectations of a fall to a level of 115.50. In the previous month, the Ifo business climate index had recorded a reading of 116.00.
German GDP advanced as expected in 2Q 2017
On a YoY basis in Germany, the working day adjusted final gross domestic product (GDP) recorded a rise of 2.10% in 2Q 2017, at par with market expectations. The preliminary figures had also recorded an advance of 2.10%. In the previous quarter, GDP had advanced by a revised 2.00%.
German GDP advanced as expected in 2Q 2017
On an annual basis, in Germany, the non-seasonally adjusted final gross domestic product (GDP) climbed 0.80% in 2Q 2017, compared to a revised advance of 3.20% in the previous quarter. Market expectation was for GDP to rise 0.80%. The preliminary figures had also recorded an advance of 0.80%.
German GDP advanced as expected in 2Q 2017
On a quarterly basis, the seasonally adjusted final gross domestic product (GDP) in Germany rose 0.60% in 2Q 2017, compared to a revised advance of 0.70% in the previous quarter. The preliminary figures had also recorded an advance of 0.60%. Market anticipation was for GDP to rise 0.60%.
Italian consumer confidence index surprisingly advanced in August
In August, the consumer confidence index in Italy recorded an unexpected rise to a level of 110.80, compared to a revised reading of 106.90 in the prior month. Market anticipation was for the consumer confidence index to record a steady reading.
Italian business confidence index advanced in August
In August, the business confidence index in Italy registered a rise to 108.10, compared to market expectations of an advance to a level of 108.00. The business confidence index had recorded a revised reading of 107.80 in the previous month.
US durable goods orders dropped more than expected in July
In July, the preliminary durable goods orders registered a drop of 6.80% in the US on a monthly basis, higher than market expectations for a fall of 6.00%. In the previous month, durable goods orders had recorded a rise of 6.40%.
US durable goods orders (ex transportation) rose more than expected in July
The preliminary durable goods orders (ex transportation) recorded a rise of 0.50% on a monthly basis in the US, in July, higher than market expectations for a rise of 0.40%. In the previous month, durable goods orders (ex transportation) had climbed 0.10%.
US advance goods trade deficit expanded in July
The US has posted advance goods trade deficit of $65.10 billion in July, following a revised advance goods trade deficit of $64.00 billion in the previous month. Market anticipation was for the nation to record an advance goods trade deficit of $64.50 billion.
US wholesale inventories advanced more than expected in July
On a MoM basis, the seasonally adjusted preliminary wholesale inventories registered a rise of 0.40% in the US, in July, higher than market expectations for an advance of 0.30%. The wholesale inventories had advanced 0.70% in the previous month.
US Dallas Fed manufacturing business index rose in August
Compared to a reading of 16.80 in the previous month the Dallas Fed manufacturing business index recorded a rise to 17.00 in the US, in August. Markets were expecting the Dallas Fed manufacturing business index to climb to 17.00.
Japanese household spending unexpectedly declined in July
Household spending recorded an unexpected drop of 0.20% on a YoY basis in Japan, in July, less than market expectations for a rise of 0.70%. In the prior month, household spending had advanced 2.30%.
Japanese unemployment rate remained unchanged in July
Unemployment rate remained flat at a level of 2.80% in Japan, in July. Markets were expecting unemployment rate to remain unchanged.
Japanese job to applicant ratio climbed in July
In July, job to applicant ratio registered a rise to 1.52 in Japan, at par with market expectations. Job to applicant ratio had registered a reading of 1.51 in the prior month.
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