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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BRC shop price index fell in May
In May, on a YoY basis, the BRC shop price index slid 1.80% in the UK. The BRC shop price index had registered a drop of 1.70% in the prior month.
Euro-zone CPI dropped as expected in May
In May, the final consumer price index (CPI) registered a drop of 0.10% on a YoY basis in the Euro-zone, meeting market expectations. In the previous month, the CPI had registered a drop of 0.20%. The preliminary figures had recorded a drop of 0.20%.
Euro-zone core CPI rose as expected in May
On an annual basis, in the Euro-zone, the preliminary core CPI climbed 0.80% in May, at par with market expectations. In the prior month, the core CPI had registered a rise of 0.70%.
Euro-zone M3 money supply advanced less than expected in April
In the Euro-zone, M3 money supply recorded a rise of 4.60% on a YoY basis in April, less than market expectations for an advance of 5.00%. In the previous month, M3 money supply had climbed 5.00%.
Euro-zone unemployment rate steadied in April
The unemployment rate remained flat at a level of 10.20% in April, in the Euro-zone. Market expectation was for the unemployment rate to remain unchanged.
German number of people unemployed dropped more than expected in May
In May, the number of people unemployed eased 11.00 K in Germany, compared to a fall of 16.00 K in the previous month. Markets were expecting the number of people unemployed to ease 5.00 K.
German retail sales rose more than expected in April
In April, on a YoY basis, retail sales in Germany advanced 2.30%, more than market expectations for an advance of 1.70%. In the prior month, retail sales had advanced by a revised 0.60%.
German retail sales surprisingly fell in April
In April, retail sales unexpectedly dropped 0.90% on a MoM basis in Germany, compared to a revised fall of 1.40% in the previous month. Markets were expecting retail sales to rise 0.90%.
German unemployment rate declined unexpectedly in May
In May, the seasonally adjusted unemployment rate recorded an unexpected drop to 6.10% in Germany, compared to market expectations of a steady reading. Unemployment rate had registered a reading of 6.20% in the previous month.
French CPI (ex-tobacco) rose more than expected in May
On a MoM basis, the preliminary CPI (ex-tobacco) in France advanced 0.40% in May, compared to a rise of 0.10% in the previous month. Markets were expecting the CPI (ex-tobacco) to climb 0.30%.
French EU normalised CPI advanced as expected in May
The flash EU normalised CPI in France climbed 0.30% on a monthly basis in May, at par with market expectations. In the previous month, EU normalised CPI had advanced 0.10%.
French PPI recorded a drop in April
The producer price index (PPI) fell 0.50% in France on a monthly basis, in April. In the prior month, the PPI had registered a rise of 0.30%.
Italian EU normalised CPI advanced as expected in May
On a monthly basis, the preliminary EU normalised CPI climbed 0.30% in May, in Italy, compared to a rise of 0.20% in the previous month. Markets were expecting the EU normalised CPI to climb 0.30%.
Italian GDP rose as expected in 1Q 2016
In 1Q 2016, the final gross domestic product (GDP) in Italy registered a rise of 0.30% on a QoQ basis, meeting market expectations. The GDP had registered a revised rise of 0.20% in the prior quarter. The preliminary figures had also recorded an advance of 0.30%.
Italian unemployment rate climbed surprisingly in April
Unemployment rate rose unexpectedly to 11.70% in Italy, in April, compared to market expectations of a fall to 11.40%. In the prior month, unemployment rate had registered a revised reading of 11.50%.
Italian CPI rose more than expected in May
The flash CPI rose 0.30% on a monthly basis in Italy, in May, higher than market expectations for an advance of 0.20%. In the previous month, the CPI had fallen 0.10%.
Spain recorded current account surplus in March
Current account surplus in Spain stood at €0.80 billion in March, following a current account deficit of €1.50 billion in the previous month.
US core personal consumption expenditure advanced as expected in April
In April, core personal consumption expenditure recorded a rise of 0.20% on a MoM basis in the US, compared to an advance of 0.10% in the prior month. Market expectation was for core personal consumption expenditure to rise 0.20%.
US S&P/Case-Shiller composite index of 20 metropolitan areas rose more than expected in March
In March, on a monthly basis, the seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas in the US climbed 0.85%, more than market expectations for a rise of 0.77%. The S&P/Case-Shiller composite index of 20 metropolitan areas had climbed by a revised 0.71% in the previous month.
US personal consumption expenditure deflator rose as expected in April
Personal consumption expenditure deflator climbed 1.10% in the US on an annual basis in April, compared to a rise of 0.80% in the prior month. Market anticipation was for personal consumption expenditure deflator to climb 1.10%.
US Chicago Fed purchasing managers index declined surprisingly in May
The Chicago Fed purchasing managers index eased unexpectedly to a level of 49.30 in the US, in May, lower than market expectations of a rise to 50.50. The Chicago Fed purchasing managers index had registered a reading of 50.40 in the previous month.
US CB consumer confidence index registered a surprise drop in May
In May, the CB consumer confidence index in the US recorded an unexpected drop to a level of 92.60, compared to market expectations of an advance to 96.10. The CB consumer confidence index had recorded a revised level of 94.70 in the prior month.
US personal consumption expenditure deflator rose as expected in April
Personal consumption expenditure deflator recorded a rise of 0.30% on a monthly basis in the US, in April, meeting market expectations. Personal consumption expenditure deflator had recorded a rise of 0.10% in the previous month.
US core personal consumption expenditure advanced as expected in April
On a YoY basis, core personal consumption expenditure recorded a rise of 1.60% in April, in the US, meeting market expectations. In the previous month, core personal consumption expenditure had registered a similar rise.
US personal income rose as expected in April
On a monthly basis, personal income recorded a rise of 0.40% in the US, in April, meeting market expectations. In the previous month, personal income had registered a similar rise.
US Dallas Fed manufacturing business index declined surprisingly in May
In the US, the Dallas Fed manufacturing business index recorded an unexpected drop to -20.80 in May, higher than market expectations of a rise to -8.00. In the previous month, the Dallas Fed manufacturing business index had registered a level of -13.90.
US personal spending rose more than expected in April
On a MoM basis in the US, personal spending recorded a rise of 1.00% in April, more than market expectations for a rise of 0.70%. Personal spending had recorded a revised flat reading in the prior month.
US S&P/Case-Shiller home price index rose in March
In the US, the S&P/Case-Shiller home price index rose to a level of 184.50 in March, compared to market expectations of a rise to 184.07. In the previous month, the S&P/Case-Shiller home price index had registered a revised reading of 182.86.
Canadian annualised GDP advanced less than expected in 1Q 2016
On a QoQ basis, in 1Q 2016, annualised GDP rose 2.40% in Canada, lower than market expectations for an advance of 2.80%. In the prior quarter, annualised GDP had climbed by a revised 0.50%.
Japanese construction orders declined in April
In Japan, construction orders recorded a drop of 16.90% in April on a YoY basis. Construction orders had registered a rise of 19.80% in the prior month.
Japanese small business confidence index registered a drop in May
The small business confidence index dropped to 45.60 in May, in Japan, compared to a reading of 47.80 in the previous month. Markets were anticipating the small business confidence index to fall to 47.50.
Japanese capital spending advanced more than expected in 1Q 2016
Capital spending advanced 4.20% in Japan on an annual basis in 1Q 2016, compared to an advance of 8.50% in the prior quarter. Markets were anticipating capital spending to rise 2.40%.
Japanese capital spending excluding software rose more than expected in 1Q 2016
In 1Q 2016, on a YoY basis, capital spending excluding software in Japan rose 4.30%, more than market expectations for an advance of 4.00%. Capital spending excluding software had advanced 8.90% in the previous quarter.
Japanese annualised housing starts advanced surprisingly in April
In Japan, the annualised housing starts recorded an unexpected rise to a level of 1.00 million units in April, compared to a reading of 0.99 million units in the previous month. Market anticipation was for the annualised housing starts to drop to 0.95 million units.
Japanese manufacturing PMI declined in May
The final manufacturing PMI dropped to 47.70 in Japan, in May. Manufacturing PMI had registered a reading of 48.20 in the prior month. The preliminary figures had indicated a drop to 47.60.
Japanese corporate loans & discounts rose in April
Corporate loans & discounts registered a rise of 3.05% on an annual basis, in April, in Japan. Corporate loans & discounts had risen 2.58% in the previous month.
Japanese housing starts rose more than expected in April
In April, housing starts in Japan advanced 9.00% on a YoY basis, compared to an advance of 8.40% in the prior month. Markets were anticipating housing starts to rise 4.10%.
Chinese NBS non-manufacturing PMI dropped in May
The NBS non-manufacturing PMI in China eased to 53.10 in May, compared to a level of 53.50 in the prior month.
Chinese Caixin/Markit manufacturing PMI index slid in May
Caixin/Markit manufacturing PMI index in China recorded a drop to 49.20 in May, in line with market expectations. Caixin/Markit manufacturing PMI index had registered a reading of 49.40 in the prior month.
Chinese NBS manufacturing PMI remained steady in May
The NBS manufacturing PMI in China remained unchanged at 50.10 in May. Markets were expecting the NBS manufacturing PMI to fall to a level of 50.00.
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