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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI surprisingly advanced in August
In August, the manufacturing PMI in the UK recorded an unexpected rise to a level of 56.90, compared to market expectations of a fall to a level of 55.00. The manufacturing PMI had recorded a revised level of 55.30 in the previous month.
Euro-zone manufacturing PMI rose in August
In August, the final manufacturing PMI in the Euro-zone climbed to 57.40, compared to a level of 56.60 in the previous month. Market anticipation was for the manufacturing PMI to rise to a level of 57.40. The preliminary figures had also indicated an advance to 57.40.
German manufacturing PMI rose in August
The final manufacturing PMI recorded a rise to 59.30 in August, in Germany, lower than market expectations of an advance to a level of 59.40. In the prior month, manufacturing PMI had recorded a reading of 58.10. The preliminary figures had indicated a rise to 59.40.
French manufacturing PMI rose in August
In August, the final manufacturing PMI climbed to 55.80 in France, compared to a reading of 54.90 in the prior month. Markets were anticipating manufacturing PMI to climb to 55.80. The preliminary figures had also recorded an advance to 55.80.
Italian manufacturing PMI rose in August
The manufacturing PMI rose to a level of 56.30 in Italy, in August, higher than market expectations of a rise to 55.30. In the previous month, the manufacturing PMI had recorded a reading of 55.10.
Italian GDP rose as expected in 2Q 2017
The final gross domestic product (GDP) rose 0.40% in Italy on a QoQ basis in 2Q 2017, compared to a similar rise in the previous quarter. The preliminary figures had also recorded a rise of 0.40%. Markets were expecting the GDP to climb 0.40%.
Spanish manufacturing PMI unexpectedly declined in August
Compared to a level of 54.00 in the previous month, the manufacturing PMI in Spain dropped unexpectedly to a level of 52.40 in August. Markets were anticipating the manufacturing PMI to advance to a level of 54.40.
Swiss SVME manufacturing PMI surprisingly rose in August
In Switzerland, the SVME manufacturing PMI rose unexpectedly to a level of 61.20 in August, compared to market expectations of a drop to a level of 60.20. The SVME manufacturing PMI had recorded a reading of 60.90 in the prior month.
Swiss real retail sales dropped in July
Real retail sales registered a drop of 0.70% on an annual basis, in July, in Switzerland. In the prior month, real retail sales had advanced by a revised 1.70%.
US construction spending unexpectedly dropped in July
On a monthly basis, construction spending unexpectedly fell 0.60% in July, in the US, compared to a revised fall of 1.40% in the prior month. Markets were expecting construction spending to rise 0.50%.
US ISM manufacturing activity index climbed in August
In August, the ISM manufacturing activity index in the US registered a rise to 58.80, compared to market expectations of an advance to a level of 56.50. The ISM manufacturing activity index had registered a level of 56.30 in the prior month.
US ISM inventories advanced in August
In August, ISM inventories in the US rose to a level of 55.50, compared to a level of 50.00 in the previous month.
US average weekly hours of all employees unexpectedly slid in August
Average weekly hours of all employees registered an unexpected drop to 34.40 in August, in the US, compared to market expectations of an unchanged reading. Average weekly hours of all employees had registered a reading of 34.50 in the prior month.
US ISM prices paid index remained steady in August
The ISM prices paid index remained unchanged at a level of 62.00 in August, in the US, in line with market expectations.
Manufacturing payrolls in the US rose in August
In the US, manufacturing payrolls climbed by 36.00 K in August, more than market anticipations of an advance of 8.00 K. Manufacturing payrolls had recorded a revised gain of 26.00 K in the previous month.
Household employment in the US declined in August
In the US, household employment eased by 74.00 K in August. Household employment had registered a gain of 345.00 K in the previous month.
US underemployment rate steadied in August
Underemployment rate remained flat at a level of 8.60% in the US, in August.
US Reuters/Michigan consumer sentiment index climbed in August
In the US, the final Reuters/Michigan consumer sentiment index rose to a level of 96.80 in August, compared to a level of 93.40 in the previous month. The preliminary figures had indicated an advance to 97.60. Market anticipation was for the Reuters/Michigan consumer sentiment index to climb to a level of 97.50.
US Markit manufacturing PMI dropped in August
The final Markit manufacturing PMI registered a drop to 52.80 in August, in the US, compared to a reading of 53.30 in the prior month. The preliminary figures had indicated a fall to 52.50. Market expectation was for the Markit manufacturing PMI to drop to 52.50.
US unemployment rate surprisingly rose in August
In the US, the unemployment rate rose unexpectedly to 4.40% in August, compared to a level of 4.30% in the previous month. Markets were expecting the unemployment rate to record a flat reading.
Private payrolls in the US increased in August
In the US, private payrolls registered a rise of 165.00 K in August, compared to a revised gain of 202.00 K in the prior month. Market expectation was for private payrolls to advance 172.00 K.
US average hourly earnings of all employees advanced less than expected in August
On a YoY basis, average hourly earnings of all employees recorded a rise of 2.50% in August, in the US, less than market expectations for an advance of 2.60%. Average hourly earnings of all employees had registered a similar rise in the prior month.
US ISM backlog orders climbed in August
ISM backlog orders climbed to 57.50 in the US, in August, compared to a level of 55.00 in the prior month.
US ISM new orders declined in August
In August, ISM new orders in the US registered a drop to 60.30, compared to market expectations of a fall to a level of 60.00. ISM new orders had registered a level of 60.40 in the prior month.
US New York City current business condition index climbed in August
The New York City current business condition index advanced to 62.80 in the US, in August, compared to a reading of 55.50 in the previous month.
US ISM production climbed in August
ISM production climbed to 61.00 in August, in the US. ISM production had registered a level of 60.60 in the previous month.
US average hourly earnings of all employees advanced less than expected in August
On a MoM basis, average hourly earnings of all employees climbed 0.10% in the US, in August, less than market expectations for an advance of 0.20%. In the previous month, average hourly earnings of all employees had registered a revised similar rise.
Non-farm payrolls in the US climbed in August
Non-farm payrolls in the US advanced by 156.00 K in August, lower than market expectations of an advance of 180.00 K. Non-farm payrolls had recorded a revised gain of 189.00 K in the previous month.
Japanese monetary base rose more than expected in August
The monetary base in Japan rose 16.30% in August on an annual basis, higher than market expectations for an advance of 15.60%. The monetary base had recorded a revised rise of 15.70% in the prior month.
Japanese consumer confidence index declined in August
In Japan, the consumer confidence index dropped to 43.30 in August, compared to a level of 43.80 in the previous month. Market anticipation was for the consumer confidence index to fall to a level of 43.50.
Japanese vehicle sales climbed in August
In Japan, vehicle sales climbed 4.70% on an annual basis, in August. Vehicle sales had fallen 1.10% in the prior month.
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