The key points from today’s economic news, brought to you by Guardian Stockbrokers.
French ILO unemployment rate fell surprisingly in 2Q 2018
The ILO unemployment rate fell unexpectedly to a level of 9.10% in France, in 2Q 2018, lower than market expectations of an unchanged reading. In the prior quarter, the ILO unemployment rate had recorded a reading of 9.20%.
Italian CPI advanced as expected in July
In Italy, the final consumer price index (CPI) climbed 0.30% on a MoM basis in July, at par with market expectations. In the prior month, the CPI had registered a revised similar rise.
Japanese industrial production dropped in June
In June, on an annual basis, the final industrial production eased 0.90% in Japan. Industrial production had climbed 4.20% in the previous month. The preliminary figures had recorded a fall of 1.20%.
Chinese industrial production rose less than expected in July
On a YoY basis, industrial production in China rose 6.00% in July, lower than market expectations for an advance of 6.30%. In the prior month, industrial production had registered a similar rise.
Chinese retail sales advanced less than expected in July
On a YoY basis in China, retail sales recorded a rise of 8.80% in July, less than market expectations for a rise of 9.10%. In the prior month, retail sales had registered a rise of 9.00%.
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