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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector net cash requirement posted a surplus in August
In the UK, public finances (public sector net cash requirement) has reported a surplus £0.00 billion in August, as compared to a revised surplus of £3.70 billion in the prior month.
UK public sector net borrowing reported a deficit in August
In the UK, the public sector net borrowing (excluding temporary effects of financial interventions) has reported a deficit £5.70 billion in August, as compared to a revised surplus of £0.70 billion in the previous month. Market anticipation was for public sector net borrowing to announce a deficit of £7.10 billion.
UK public sector net borrowing reported a deficit in August
In the UK, in August, the public sector net borrowing has posted a deficit of £5.10 billion, following a revised surplus of £1.30 billion in the prior month. Market expectation was for public sector net borrowing to announce a deficit of £6.40 billion.
ECB’s economic bulletin: Euro-zone economic growth gaining momentum, but yet to boost inflation
The European Central Bank (ECB), in its latest economic bulletin, indicated that the Euro-zone’s economic recovery is gaining momentum, but underlying inflation lacks a convincing upward trend, making it necessary to continue a substantial monetary stimulus in order to drive inflation towards the ECB’s target.
Euro-zone consumer confidence index surprisingly advanced in September
In September, the flash consumer confidence index registered an unexpected rise to a level of -1.20 in the Euro-zone, higher than market expectations of a steady reading. In the previous month, the consumer confidence index had registered a level of -1.50.
Swiss exports rose in August
On a MoM basis, exports registered a rise of 2.80% in Switzerland, in August. In the previous month, exports had fallen by a revised 1.40%.
Swiss imports rose in August
On a monthly basis, imports in Switzerland climbed 3.00% in August. In the previous month, imports had recorded a revised drop of 0.80%.
Swiss M3 money supply advanced in August
In August, on an annual basis, M3 money supply in Switzerland climbed 4.00%. In the previous month, M3 money supply had registered a similar rise.
Swiss trade surplus fell in August
In August, trade surplus in Switzerland fell to CHF 2.17 billion. Switzerland had registered a revised trade surplus of CHF 3.49 billion in the previous month.
US Philadelphia Fed manufacturing index surprisingly climbed in September
In the US, Philadelphia Fed manufacturing index rose unexpectedly to 23.80 in September, compared to a level of 18.90 in the prior month. Markets were anticipating Philadelphia Fed manufacturing index to drop to 17.10.
US continuing jobless claims advanced in the last week
In the week ended 09 September 2017, the seasonally adjusted continuing jobless claims advanced to 1980.00 K in the US, higher than market expectations of a rise to 1975.00 K. Continuing jobless claims had recorded a revised reading of 1936.00 K in the prior week.
US initial jobless claims surprisingly slid in the last week
The seasonally adjusted initial jobless claims in the US registered an unexpected drop to 259.00 K in the week ended 16 September 2017, compared to market expectations of a rise to 302.00 K. In the previous week, initial jobless claims had registered a revised level of 282.00 K.
US housing price index advanced less than expected in July
On a MoM basis, the housing price index registered a rise of 0.20% in the US, in July, compared to a rise of 0.10% in the prior month. Markets were expecting the housing price index to climb 0.40%.
US leading indicator rose more than expected in August
On a monthly basis, leading indicator climbed 0.40% in August, in the US, compared to an advance of 0.30% in the prior month. Market expectation was for leading indicator to climb 0.30%.
US household wealth rose in 2Q 2017
In the US, household wealth rose $1698.00 billion in 2Q 2017. Household wealth had risen by a revised $2327.00 billion in the prior quarter.
Canadian wholesale sales unexpectedly rose in July
In July, on a monthly basis, wholesale sales in Canada unexpectedly advanced 1.50%, compared to a revised drop of 0.60% in the prior month. Market expectation was for wholesale sales to ease 0.70%.
Japanese all industry activity index fell as expected in July
The all industry activity index in Japan recorded a drop of 0.10% in July on a MoM basis, in line with market expectations. In the prior month, the all industry activity index had registered a revised rise of 0.20%.
Japanese Tokyo department store sales advanced in August
Tokyo department store sales in Japan climbed 3.60% in August on an annual basis. Tokyo department store sales had dropped 0.90% in the prior month.
Foreign investors turned net sellers of Japanese bonds in the previous week
Foreign investors turned net sellers of ¥55.00 billion worth of Japanese bonds in the week ended 15 September 2017, as compared to being net buyers of a revised ¥555.70 billion worth of Japanese bonds in the prior week.
Japanese supermarket sales declined in August
On an annual basis, supermarket sales slid 0.50% in Japan, in August. In the previous month, supermarket sales had registered an unchanged reading.
Foreign investors remained net sellers of Japanese stocks in the previous week
Foreign investors were net sellers of ¥918.60 billion worth of Japanese stocks in the week ended 15 September 2017, as compared to being net sellers of a revised ¥643.90 billion worth of Japanese stocks in the prior week.
Japanese investors became net buyers of foreign bonds in the previous week
Japanese investors remained net buyers of ¥381.80 billion worth of foreign bonds in the week ended 15 September 2017, as compared to being net buyers of a revised ¥200.70 billion worth of foreign bonds in the prior week.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥141.90 billion worth of foreign stocks in the week ended 15 September 2017, as compared to being net buyers of ¥306.10 billion worth of foreign stocks in the previous week.
Japanese nationwide department store sales rose in August
Nationwide department store sales registered a rise of 2.00% on an annual basis in Japan, in August. In the prior month, nationwide department store sales had dropped 1.40%.
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