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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices advanced less than expected in August
On an annual basis, the non-seasonally adjusted house prices rose 2.10% in August, in the UK, compared with an advance of 2.90% in the previous month. Markets were anticipating house prices to rise 2.50%.
UK BRC shop price index slid in August
In the UK, the BRC shop price index eased 0.30% in August on an annual basis. The BRC shop price index had recorded a drop of 0.40% in the prior month.
UK house prices unexpectedly dropped in August
On a monthly basis, the seasonally adjusted house prices in the UK unexpectedly eased 0.10% in August, compared to a rise of 0.30% in the prior month. Market expectation was for house prices to remain flat.
German consumer confidence index surprisingly rose in September
The consumer confidence index in Germany recorded an unexpected rise to a level of 10.90 in September, compared to market expectations of an unchanged reading. The consumer confidence index had recorded a reading of 10.80 in the previous month.
French consumer spending rose as expected in July
On a MoM basis, consumer spending registered a rise of 0.70% in July, in France, at par with market expectations. In the prior month, consumer spending had recorded a revised drop of 0.70%.
French GDP advanced less than expected in 2Q 2017
On a YoY basis, the second estimate of gross domestic product (GDP) climbed 1.70% in 2Q 2017, in France, lower than market expectations for a rise of 1.80%. The preliminary figures had indicated an advance of 1.80%. GDP had registered a rise of 1.10% in the prior quarter.
French GDP advanced as expected in 2Q 2017
On a QoQ basis in 2Q 2017, the second estimate of GDP climbed 0.50% in France, at par with market expectations. The preliminary figures had also recorded an advance of 0.50%. In the prior quarter, GDP had registered a similar rise.
US Redbook index advanced in the last week
On a monthly basis, the seasonally adjusted Redbook index in the US climbed 2.00% in the week ended 25 August 2017. The Redbook index had recorded a drop of 0.20% in the prior week.
US S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas rose more than expected in June
In the US, the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas recorded a rise of 5.65% on an annual basis in June, compared to a revised advance of 5.74% in the prior month. Markets were anticipating the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas to climb 5.60%.
US S&P/Case-Shiller composite index of 20 metropolitan areas rose more than expected in June
On a monthly basis in June, the seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas advanced 0.11% in the US, compared to a revised advance of 0.13% in the previous month. Markets were anticipating the S&P/Case-Shiller composite index of 20 metropolitan areas to rise 0.10%.
US S&P/Case-Shiller home price index advanced in June
The S&P/Case-Shiller home price index in the US registered a rise to 200.54 in June. In the previous month, the S&P/Case-Shiller home price index had recorded a revised level of 199.05.
US CB consumer confidence index climbed in August
The CB consumer confidence index registered a rise to 122.90 in the US, in August, higher than market expectations of an advance to a level of 120.70. The CB consumer confidence index had recorded a revised reading of 120.00 in the previous month.
US Redbook index climbed in the last week
The Redbook index climbed 4.30% on an annual basis, in the week ended 25 August 2017, in the US. In the previous week, the Redbook index had advanced 3.20%.
Canadian raw material price index dropped more than expected in July
The raw material price index in Canada slid 0.60% in July on a monthly basis, compared to a revised fall of 3.60% in the prior month. Markets were anticipating the raw material price index to fall 0.30%.
Canadian industrial product price index fell more than expected in July
On a MoM basis, the industrial product price index in Canada registered a drop of 1.50% in July, compared to a revised drop of 1.10% in the prior month. Markets were expecting the industrial product price index to drop 0.70%.
Japanese retail trade advanced more than expected in July
In Japan, retail trade rose 1.90% on an annual basis in July, higher than market expectations for an advance of 1.00%. Retail trade had risen 2.10% in the prior month.
Japanese retail trade advanced more than expected in July
On a monthly basis, retail trade advanced 1.10% in July, in Japan, more than market expectations for a rise of 0.30%. In the prior month, retail trade had registered a rise of 0.20%.
Japanese large retailer’s sales declined as expected in July
In July, on a monthly basis, large retailer’s sales registered a drop of 0.20% in Japan, meeting market expectations. In the prior month, large retailer’s sales had climbed 0.20%.
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