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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK net lending to individuals rose in July
Net lending to individuals advanced £4.78 billion, in July, in the UK. Net lending to individuals had advanced by a revised £5.48 billion in the prior month.
Euro-zone unemployment rate remained steady in July
In July, the unemployment rate in the Euro-zone remained unchanged at 9.10%, meeting market expectations.
Euro-zone core CPI rose as expected in August
In August, the preliminary core consumer price index (CPI) recorded a rise of 1.20% in the Euro-zone on a YoY basis, compared to a similar rise in the previous month. Market anticipation was for the core CPI to climb 1.20%.
German number of people unemployed declined less than expected in August
In August, the number of people unemployed fell 5.00 K in Germany, compared to a fall of 9.00 K in the previous month. Market anticipation was for the number of people unemployed to drop 6.00 K.
German unemployment rate remained steady in August
In August, the seasonally adjusted unemployment rate remained unchanged at a level of 5.70% in Germany, at par with market expectations.
French EU normalised CPI rose as expected in August
On a MoM basis, in August, the flash EU normalised CPI advanced 0.60% in France, compared to a fall of 0.40% in the previous month. Market expectation was for EU normalised CPI to climb 0.60%.
French CPI (ex-tobacco) rose as expected in August
The flash CPI (ex-tobacco) registered a rise of 0.50% in France on a monthly basis in August, at par with market expectations. In the prior month, the CPI (ex-tobacco) had registered a drop of 0.30%.
French PPI advanced in July
On a monthly basis, the producer price index (PPI) recorded a rise of 0.10% in France, in July. The PPI had dropped by a revised 0.30% in the previous month.
French CPI (ex-tobacco) advanced as expected in August
On a YoY basis, the flash CPI (ex-tobacco) advanced 0.90% in August, in France, compared to a rise of 0.70% in the previous month. Markets were expecting the CPI (ex-tobacco) to rise 0.90%.
Italian EU normalised CPI rose more than expected in August
The flash EU normalised CPI recorded a rise of 1.40% on a YoY basis in Italy, in August, higher than market expectations for an advance of 1.30%. In the prior month, the EU normalised CPI had climbed 1.20%.
Italian CPI advanced more than expected in August
In August, the preliminary CPI rose 1.20% in Italy on a YoY basis, compared to an advance of 1.10% in the previous month. Market anticipation was for the CPI to advance 1.10%.
Italian CPI rose more than expected in August
On a MoM basis, the flash CPI climbed 0.30% in Italy, in August, higher than market expectations for a rise of 0.20%. In the previous month, the CPI had climbed 0.10%.
Italian unemployment rate surprisingly advanced in July
Compared to a revised reading of 11.20% in the previous month unemployment rate rose unexpectedly to a level of 11.30% in July, in Italy. Market expectation was for unemployment rate to ease to 11.10%.
Italian EU normalised CPI unexpectedly rose in August
In August, on a monthly basis, the flash EU normalised CPI recorded an unexpected rise of 0.10% in Italy, more than market expectations for a steady reading. The EU normalised CPI had registered a drop of 1.90% in the prior month.
Spanish retail sales advanced less than expected in July
In July, retail sales in Spain advanced 1.10% on a YoY basis, lower than market expectations for an advance of 2.50%. Retail sales had risen 2.50% in the previous month.
Spanish current account surplus dropped in June
Current account surplus in Spain fell to €1.40 billion in June, following a current account surplus of €2.60 billion in the prior month.
US initial jobless claims rose in the last week
In the week ended 26 August 2017, the seasonally adjusted initial jobless claims registered a rise to 236.00 K in the US, compared to market expectations of a rise to 238.00 K. In the prior week, initial jobless claims had recorded a revised reading of 235.00 K.
US personal spending advanced less than expected in July
In July, personal spending recorded a rise of 0.30% in the US on a monthly basis, compared to a revised rise of 0.20% in the prior month. Market anticipation was for personal spending to rise 0.40%.
US continuing jobless claims dropped in the last week
The seasonally adjusted continuing jobless claims dropped to 1942.00 K in the US, in the week ended 19 August 2017, compared to market expectations of a fall to a level of 1951.00 K. Continuing jobless claims had registered a level of 1954.00 K in the prior week.
US personal consumption expenditure deflator advanced as expected in July
In the US, personal consumption expenditure deflator advanced 0.10% in July, on a MoM basis, in line with market expectations. In the prior month, personal consumption expenditure deflator had registered an unchanged reading.
US pending home sales unexpectedly dropped in July
In July, pending home sales recorded an unexpected drop of 0.80% in the US on a monthly basis, lower than market expectations for an advance of 0.30%. In the prior month, pending home sales had registered a revised rise of 1.30%.
US core personal consumption expenditure advanced as expected in July
Core personal consumption expenditure in the US recorded a rise of 1.40% in July on a YoY basis, compared to an advance of 1.50% in the previous month. Market expectation was for core personal consumption expenditure to rise 1.40%.
US core personal consumption expenditure advanced as expected in July
Core personal consumption expenditure climbed 0.10% on a monthly basis in July, in the US, at par with market expectations. In the prior month, core personal consumption expenditure had registered a similar rise.
US personal consumption expenditure deflator advanced as expected in July
On a YoY basis, personal consumption expenditure deflator in the US climbed 1.40% in July, compared to a similar rise in the previous month. Market expectation was for personal consumption expenditure deflator to rise 1.40%.
US personal income advanced more than expected in July
Personal income recorded a rise of 0.40% in the US on a MoM basis in July, higher than market expectations for a rise of 0.30%. In the previous month, personal income had recorded an unchanged reading.
US number of planned layoffs by US companies rose in August
The number of planned layoffs by US companies in the US climbed to 33.83 K in August. In the previous month, the number of planned layoffs by US companies had registered a level of 28.30 K.
US pending home sales unexpectedly dropped in July
On a YoY basis, in the US, pending home sales unexpectedly eased 0.50% in July, compared to a revised advance of 0.40% in the prior month. Market anticipation was for pending home sales to rise 0.50%.
US Chicago Fed purchasing managers’ index remained unchanged in August
The Chicago Fed purchasing managers index remained flat at a level of 58.90 in August, in the US, compared to market expectations of a fall to 58.50.
US number of planned layoffs by US companies climbed in August
The number of planned layoffs by US companies rose 5.10% on an annual basis, in August, in the US. In the prior month, the number of planned layoffs by US companies had dropped 37.60%.
Canadian GDP rose more than expected in June
In June, on a YoY basis, the gross domestic product (GDP) in Canada rose 4.30%, compared to a revised rise of 4.70% in the previous month. Market expectation was for the GDP to climb 4.10%.
Canadian annualised GDP advanced more than expected in 2Q 2017
In 2Q 2017, on a quarterly basis, annualised GDP in Canada recorded a rise of 4.50%, compared to a rise of 3.70% in the prior quarter. Market anticipation was for annualised GDP to climb 3.70%.
Canadian GDP rose more than expected in June
On a monthly basis, the GDP advanced 0.30% in Canada, in June, more than market expectations for an advance of 0.10%. In the prior month, the GDP had registered a rise of 0.60%.
Japanese manufacturing PMI advanced in August
The final manufacturing PMI advanced to 52.20 in August, in Japan. Manufacturing PMI had registered a level of 52.10 in the prior month. The preliminary figures had indicated an advance to 52.80.
Japanese capital spending rose less than expected in 2Q 2017
On an annual basis in Japan, capital spending registered a rise of 1.50% in 2Q 2017, lower than market expectations for an advance of 7.90%. In the previous quarter, capital spending had advanced 4.50%.
Japanese capital spending excluding software advanced less than expected in 2Q 2017
In Japan, capital spending excluding software rose 0.60% in 2Q 2017 on an annual basis, compared to an advance of 5.20% in the previous quarter. Market expectation was for capital spending excluding software to rise 8.20%.
Japanese construction orders rose in July
Construction orders registered a rise of 14.90% on a YoY basis in Japan, in July. Construction orders had recorded a rise of 2.30% in the prior month.
Japanese annualised housing starts surprisingly fell in July
The annualised housing starts fell unexpectedly to a level of 0.97 mn units in Japan, in July, compared to a reading of 1.00 mn units in the prior month. Market expectation was for the annualised housing starts to record a flat reading.
Japanese housing starts fell more than expected in July
On a YoY basis, housing starts in Japan fell 2.30% in July, higher than market expectations for a drop of 0.20%. In the prior month, housing starts had registered a rise of 1.70%.
Chinese Caixin/Markit manufacturing PMI index surprisingly rose in August
In August, Caixin/Markit manufacturing PMI index in China rose unexpectedly to 51.60, higher than market expectations of a drop to 51.00. In the prior month, Caixin/Markit manufacturing PMI index had registered a level of 51.10.
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