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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK number of mortgage approvals for house purchases unexpected rose in July
In the UK, number of mortgage approvals for house purchases registered an unexpected rise to a level of 67.30 K in July, compared to a revised reading of 66.50 K in the prior month. Markets were anticipating number of mortgage approvals for house purchases to ease to a level of 66.10 K.
UK net consumer credit rose less than expected in July
In the UK, net consumer credit climbed £0.90 billion in July, less than market expectations for a rise of £1.00 billion. Net consumer credit had recorded a revised rise of £1.10 billion in the prior month.
Euro-zone CPI rose as expected in August
In the Euro-zone, the final consumer price index (CPI) advanced 1.00% on a YoY basis in August, at par with market expectations. In the previous month, the CPI had registered a similar rise.
German retail sales declined more than expected in July
In Germany, retail sales recorded a drop of 2.20% on a MoM basis in July, compared to a revised advance of 3.00% in the previous month. Market anticipation was for retail sales to ease 1.30%.
US consumer sentiment index slid in August
In the US, the final Reuters/Michigan consumer sentiment index recorded a drop to a level of 89.80 in August, lower than market expectations of a fall to a reading of 92.40. In the prior month, the consumer sentiment index had recorded a level of 98.40.
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