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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CBI distributive trade survey’s retail sales balance declined in June
The CBI distributive trade survey’s retail sales balance in the UK registered a drop to 4.00% in June, compared to a level of 7.00% in the prior month.
Draghi calls for global policy alignment
At the European Central Bank (ECB) conference in Portugal, the ECB President, Mario Draghi, urged major central banks to better coordinate their policies to tackle the shared problem of ultralow inflation, as global economies become more integrated.
German import price index advanced more than expected in May
In Germany, the import price index advanced 0.90% on a MoM basis in May, higher than market expectations for an advance of 0.60%. The import price index had registered a drop of 0.10% in the previous month.
German import price index fell less than expected in May
In May, on an annual basis, the import price index recorded a drop of 5.50% in Germany, compared to a fall of 6.60% in the prior month. Markets were expecting the import price index to drop 5.80%.
French consumer confidence registered a drop in June
Consumer confidence recorded a drop to 97.00 in France, in June, compared to a level of 98.00 in the previous month.
Italian consumer confidence index dropped unexpectedly in June
The consumer confidence index in Italy fell unexpectedly to 110.20 in June, compared to market expectations of a steady reading. In the previous month, the consumer confidence index had registered a revised reading of 112.50.
Spanish retail sales advanced in May
In Spain, retail sales rose 2.30% in May on an annual basis. Retail sales had risen by a revised 4.00% in the previous month.
US GDP price index rose less than expected in 1Q 2016
In the US, the final gross domestic product price (GDP) index registered a rise of 0.40% in 1Q 2016 on a QoQ basis, compared to an advance of 0.90% in the previous quarter. Markets were anticipating the GDP price index to advance 0.60%. The preliminary figures had indicated a rise of 0.60%.
US annualised GDP advanced more than expected in 1Q 2016
On a quarterly basis, the final annualised GDP in the US, advanced 1.10% in 1Q 2016, higher than market expectations for a rise of 1.00%. The preliminary figures had indicated a rise of 0.80%. In the prior quarter, the annualised GDP had recorded a rise of 1.40%.
US Redbook index rose in the last week
On an annual basis, the Redbook index in the US advanced 0.50% in the week ended 24 June 2016. The Redbook index had registered a rise of 0.90% in the prior week.
US personal consumption rose less than expected in 1Q 2016
In 1Q 2016, on a QoQ basis, the final personal consumption in the US recorded a rise of 1.50%, compared to an advance of 2.40% in the prior quarter. The preliminary figures had recorded an advance of 1.90%. Markets were expecting personal consumption to climb 2.00%.
US S&P/Case-Shiller composite index of 20 metropolitan areas rose less than expected in April
On a monthly basis, in April, the seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas advanced 0.45% in the US, compared to a revised rise of 0.81% in the prior month. Markets were anticipating the S&P/Case-Shiller composite index of 20 metropolitan areas to advance 0.58%.
US S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas rose more than expected in April
In April, the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas in the US, registered a rise of 5.44% on an annual basis, higher than market expectations for an advance of 5.41%. The S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas had advanced by a revised 5.48% in the prior month.
US CB consumer confidence index climbed in June
In June, the CB consumer confidence index registered a rise to 98.00 in the US, higher than market expectations of a rise to a level of 93.50. In the previous month, the CB consumer confidence index had registered a revised level of 92.40.
US S&P/Case-Shiller home price index advanced in April
In April, the S&P/Case-Shiller home price index rose to a level of 186.63 in the US, compared to a revised level of 184.58 in the previous month. Markets were expecting the S&P/Case-Shiller home price index to advance to a level of 186.71.
US Richmond Fed manufacturing index declined unexpectedly in June
The Richmond Fed manufacturing index registered an unexpected drop to -7.00 in June, in the US. The Richmond Fed manufacturing index had registered a reading of -1.00 in the previous month.
US core personal consumption expenditure advanced less than expected in 1Q 2016
In 1Q 2016, the final core personal consumption expenditure in the US registered a rise of 2.00% on a QoQ basis, lower than market expectations for an advance of 2.10%. In the prior quarter, core personal consumption expenditure had risen 1.30%. The preliminary figures had indicated an advance of 2.10%.
US Redbook index eased in the last week
On a MoM basis, the seasonally adjusted Redbook index dropped 0.90% in the week ended 24 June 2016, in the US. The Redbook index had registered a similar fall in the previous week.
Japanese large retailer’s sales declined in May
On a MoM basis, large retailer’s sales eased 2.20% in Japan, in May. In the previous month, large retailer’s sales had fallen 0.80%.
Japanese retail trade remained flat in May
Retail trade in Japan remained unchanged on a MoM basis in May, compared to a revised fall of 0.10% in the previous month. Markets were anticipating retail trade to remain flat.
Japanese retail trade fell more than expected in May
In May, on an annual basis, retail trade dropped 1.90% in Japan, higher than market expectations for a fall of 1.60%. In the prior month, retail trade had dropped by a revised 0.90%.
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