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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK consumer confidence remained flat in August
In the UK, the flash consumer confidence remained unchanged at a reading of -27.00 in August. Market anticipations were for the consumer confidence to climb to -25.00.
Euro-zone construction output rose in June
In the Euro-zone, the seasonally adjusted construction output recorded a rise of 4.00% on a MoM basis in June, compared to a revised surge of 29.40% in the prior month.
German PPI declined less than expected in July
In Germany, the PPI fell 1.70% on a YoY basis in July, compared to a fall of 1.80% in the prior month. Markets were expecting the PPI to record a fall of 1.80%.
US leading indicator advanced more than expected in July
In the US, leading indicator rose 1.40% on a MoM basis in July, compared to a revised rise of 3.00% in the previous month. Markets were expecting the leading indicator to record a rise of 1.10%.
US Philadelphia Fed manufacturing index dropped in August
In the US, the Philadelphia Fed manufacturing index dropped more than expected to a reading of 17.20 in August, compared to a level of 24.10 in the prior month. Markets were expecting the Philadelphia Fed manufacturing index to drop to a reading of 21.00.
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