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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales across all sectors unexpectedly declined in August
In August, retail sales across all sectors unexpectedly eased 0.90% in the UK on an annual basis, compared to an advance of 1.10% in the previous month. Markets were expecting retail sales across all sectors to climb 1.40%.
UK official reserves fell in August
Official reserves recorded a drop of $463.00 million in August, in the UK. Official reserves had registered a rise of $219.00 million in the previous month.
UK services PMI advanced in August
Compared to a level of 47.40 in the prior month the final services PMI in the UK climbed to 52.90 in August. Markets were anticipating the services PMI to rise to a level of 50.00. The preliminary figures had recorded a flat reading.
Euro-zone retail sales advanced more than expected in July
On a monthly basis, the seasonally adjusted retail sales rose 1.10% in the Euro-zone, in July, higher than market expectations for an advance of 0.50%. Retail sales had recorded a revised drop of 0.10% in the prior month.
Euro-zone investor confidence index advanced in September
In September, the investor confidence index in the Euro-zone advanced to 5.60, higher than market expectations of a rise to 5.00. In the prior month, the investor confidence index had recorded a reading of 4.20.
Euro-zone services PMI recorded a surprise drop in August
The final services PMI dropped unexpectedly to a level of 52.80 in August, in the Euro-zone, compared to a level of 52.90 in the previous month. The preliminary figures had indicated an advance to 53.10. Market expectation was for services PMI to rise to 53.10.
Euro-zone composite PMI eased unexpectedly in August
In the Euro-zone, the final composite PMI eased unexpectedly to 52.90 in August, lower than market expectations of a rise to 53.30. The preliminary figures had recorded an advance to 53.30. In the prior month, composite PMI had recorded a reading of 53.20.
German services PMI eased in August
In August, the final services PMI in Germany registered a drop to 51.70, lower than market expectations of a fall to 53.30. The preliminary figures had recorded a drop to 53.30. In the previous month, services PMI had registered a reading of 54.40.
French services PMI advanced in August
Compared to a level of 50.50 in the previous month the final services PMI recorded a rise to 52.30 in August, in France. Markets were anticipating services PMI to climb to 52.00. The preliminary figures had indicated a rise to 52.00.
Italian services PMI surprisingly rose in August
The services PMI rose unexpectedly to a level of 52.30 in August, in Italy, compared to market expectations of a fall to 51.80. The services PMI had recorded a reading of 52.00 in the prior month.
Spanish services PMI registered a rise in August
The services PMI climbed to 56.00 in Spain, in August, compared to market expectations of an advance to 54.20. In the previous month, the services PMI had recorded a level of 54.10.
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