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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Italian industrial production surprisingly climbed in July
In Italy, the seasonally adjusted industrial production unexpectedly climbed 0.10% on a monthly basis in July, higher than market expectations for a drop of 0.40%. In the previous month, industrial production had risen 1.10%.
Italian industrial production rose more than expected in July
The working day adjusted industrial production advanced 4.40% on a YoY basis in July, in Italy, compared to a revised advance of 5.20% in the prior month. Markets were expecting industrial production to rise 3.70%.
Italian industrial production advanced in July
In July, on an annual basis, the non-seasonally adjusted industrial production in Italy climbed 4.40%. Industrial production had advanced by a revised 5.30% in the prior month.
Canadian housing starts unexpectedly rose in August
The seasonally adjusted housing starts in Canada advanced unexpectedly to 223.20 K in August, higher than market expectations of a fall to a level of 216.00 K. Housing starts had registered a revised level of 222.00 K in the previous month.
Japanese net employment outlook remained unchanged in 3Q 2017
The net employment outlook in Japan remained steady at 23.00% in 3Q 2017.
Japanese tertiary industry index advanced as expected in July
In July, the tertiary industry index climbed 0.10% in Japan on a MoM basis, at par with market expectations. In the prior month, the tertiary industry index had fallen by a revised 0.20%.
Japanese machine tool orders climbed in August
In August, on a YoY basis, the preliminary machine tool orders in Japan rose 36.30%. Machine tool orders had risen 28.00% in the previous month.
Chinese employment outlook advanced in 4Q 2017
In 4Q 2017, employment outlook in China climbed to 9.00%. Employment outlook had registered a reading of 5.00% in the prior quarter.
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