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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Italian consumer confidence index slid in August
The consumer confidence index in Italy registered a drop to a level of 115.20 in August, compared to a revised reading of 116.20 in the previous month. Market expectation was for the index to fall to a level of 115.80.
Italian economic sentiment index dropped in August
In Italy, the economic sentiment index registered a drop to a level of 103.80 in August. In the previous month, the index had registered a revised level of 105.30.
US Richmond Fed manufacturing index unexpectedly advanced in August
In the US, the Richmond Fed manufacturing index unexpectedly advanced to a level of 24.00 in August, compared to a level of 20.00 in the previous month. Markets were expecting the index to ease to a level of 17.00.
US advance goods trade deficit widened in July
Advance goods trade deficit in the US expanded to $72.20 billion in July, from a trade deficit of $68.30 billion in the previous month. Market expectation was for the nation’s trade deficit to widen to $69.00 billion.
US CB consumer confidence index unexpectedly rose in August
The CB consumer confidence index in the US unexpectedly climbed to a level of 133.40 in August, higher than market expectations of a fall to a reading of 126.60. The index had recorded a revised reading of 127.90 in the prior month.
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