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Guardian Stockbrokers Key Economic News Thursday 14 September 2017

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK CPI rose more than expected in August

On an annual basis, the consumer price index (CPI) climbed 2.90% in August, in the UK, compared to a rise of 2.60% in the prior month. Markets were expecting the CPI to advance 2.80%.

UK core CPI rose more than expected in August

In August, on an annual basis, the core CPI rose 2.70% in the UK, compared to a rise of 2.40% in the prior month. Markets were anticipating the core CPI to advance 2.50%.

UK CPI advanced more than expected in August

In August, on a monthly basis, the CPI recorded a rise of 0.60% in the UK, higher than market expectations for a rise of 0.50%. In the prior month, the CPI had registered a drop of 0.10%.

UK input PPI rose more than expected in August

In the UK, the non-seasonally adjusted input producer price index (PPI) registered a rise of 1.60% on a MoM basis in August, higher than market expectations for an advance of 1.30%. In the prior month, input PPI had fallen by a revised 0.20%.

UK output PPI advanced more than expected in August

The non-seasonally adjusted output PPI advanced 3.40% in the UK on a YoY basis in August, compared to a rise of 3.20% in the prior month. Markets were expecting output PPI to climb 3.10%.

UK PPI core output rose more than expected in August

The non-seasonally adjusted PPI core output advanced 0.20% in the UK, in August, compared to a revised similar rise in the previous month. Market anticipation was for PPI core output to climb 0.10%.

UK input PPI rose more than expected in August

On a YoY basis, the non-seasonally adjusted input PPI in the UK rose 7.60% in August, compared to a revised rise of 6.20% in the prior month. Markets were anticipating input PPI to climb 7.30%.

UK house price index rose more than expected in July

The house price index in the UK registered a rise of 5.10% in July on a YoY basis, higher than market expectations for a rise of 4.80%. In the previous month, the house price index had registered a revised similar rise.

UK output PPI advanced more than expected in August

On a MoM basis, in the UK, the non-seasonally adjusted output PPI advanced 0.40% in August, more than market expectations for an advance of 0.10%. In the prior month, output PPI had registered a rise of 0.10%.

UK retail price index advanced in August

In August, the retail price index climbed 0.70%, on monthly basis, to a level of 274.70 in the UK, higher than market expectations of 274.30. In the prior month, the retail price index had registered a reading of 272.90.

UK retail price index rose more than expected in August

The retail price index in the UK rose 3.90% in August on a YoY basis, compared to an advance of 3.60% in the previous month. Markets were expecting the retail price index to advance 3.70%.

UK retail price index ex-mort int. payments advanced more than expected in August

On a YoY basis, in the UK, the retail price index ex-mort int. payments recorded a rise of 4.10% in August, more than market expectations for an advance of 4.00%. In the prior month, the retail price index ex-mort int. payments had recorded a rise of 3.90%.

UK PPI core output rose more than expected in August

In August, the non-seasonally adjusted PPI core output recorded a rise of 2.50% in the UK on an annual basis, higher than market expectations for an advance of 2.30%. In the prior month, PPI core output had registered a revised similar rise.

US Redbook index rose in the last week

The Redbook index in the US climbed 4.50% in the week ended 08 September 2017 on an annual basis. The Redbook index had advanced 4.40% in the previous week.

US small business optimism index surprisingly advanced in August

The small business optimism index in the US rose unexpectedly to a level of 105.30 in August, compared to a level of 105.20 in the prior month. Market expectation was for the small business optimism index to ease to a level of 104.80.

US Redbook index rose in the last week

In the week ended 08 September 2017, on a MoM basis, the seasonally adjusted Redbook index in the US advanced 0.30%. The Redbook index had registered a similar rise in the prior week.

US JOLTs job openings unexpectedly advanced in July

JOLTs job openings registered an unexpected rise to 6170.00 K in the US, in July, higher than market expectations of a drop to 6000.00 K. In the previous month, JOLTs job openings had recorded a revised level of 6116.00 K.

Japanese business survey index (BSI) of large manufacturing industries rose in 3Q 2017

On a quarterly basis, business survey index (BSI) of large manufacturing industries in Japan climbed 9.40% in 3Q 2017. In the prior quarter, business survey index (BSI) of large manufacturing industries had registered a drop of 2.90%.

Japanese domestic corporate goods price index rose less than expected in August

On an annual basis, in August, the domestic corporate goods price index advanced 2.90% in Japan, less than market expectations for an advance of 3.00%. The domestic corporate goods price index had recorded a rise of 2.60% in the previous month.

Japanese domestic corporate goods price index remained flat in August

On a monthly basis, the domestic corporate goods price index remained unchanged in Japan, in August, less than market expectations for a rise of 0.10%. In the prior month, the domestic corporate goods price index had registered a rise of 0.30%.

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