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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK new car registrations climbed in August
On an annual basis, new car registrations in the UK registered a rise of 3.30% in August. New car registrations had advanced 0.10% in the previous month.
Euro-zone GDP advanced as expected in 2Q 2016
On a QoQ basis, the seasonally adjusted final gross domestic product (GDP) rose 0.30% in 2Q 2016, in the Euro-zone, in line with market expectations. In the previous quarter, GDP had recorded a rise of 0.60%. The preliminary figures had also indicated a rise of 0.30%.
Euro-zone GDP rose as expected in 2Q 2016
On an annual basis in 2Q 2016, the seasonally adjusted final GDP climbed 1.60% in the Euro-zone, meeting market expectations. GDP had advanced 1.70% in the prior quarter. The preliminary figures had also indicated a rise of 1.60%.
Euro-zone gross fixed capital formation remained steady in 2Q 2016
On a QoQ basis, the gross fixed capital formation remained steady in the Euro-zone, in 2Q 2016, more than market expectations for a drop of 0.10%. The gross fixed capital formation had recorded a revised rise of 0.40% in the prior quarter.
Euro-zone household consumption expenditure rose less than expected in 2Q 2016
Household consumption expenditure registered a rise of 0.20% in the Euro-zone on a quarterly basis in 2Q 2016, compared to an advance of 0.60% in the previous quarter. Markets were anticipating household consumption expenditure to advance 0.30%.
Euro-zone government expenditure advanced less than expected in 2Q 2016
On a quarterly basis, government expenditure in the Euro-zone rose 0.10% in 2Q 2016, less than market expectations for an advance of 0.20%. In the previous quarter, government expenditure had risen by a revised 0.60%.
German factory orders declined more than expected in July
In July, the non-seasonally adjusted factory orders dropped 0.70% in Germany on a YoY basis, higher than market expectations for a fall of 0.20%. Factory orders had fallen by a revised 3.00% in the prior month.
German factory orders rose less than expected in July
In July, the seasonally adjusted factory orders climbed 0.20% in Germany on a MoM basis, compared to a revised fall of 0.30% in the prior month. Market expectation was for factory orders to rise 0.50%.
Swiss EU HICP remained steady in August
In August, the EU harmonised consumer price index (HICP) remained flat on a MoM basis in Switzerland, higher than market expectations for a fall of 0.10%. In the prior month, the EU HICP had fallen 0.10%.
Swiss GDP rose more than expected in 2Q 2016
In 2Q 2016, the seasonally adjusted GDP in Switzerland, registered a rise of 0.60% on a quarterly basis, higher than market expectations for an advance of 0.40%. GDP had advanced by a revised 0.30% in the prior quarter.
Swiss EU HICP remained steady in August
In Switzerland, the EU HICP remained unchanged on a YoY basis in August, compared to a drop of 0.50% in the previous month. Markets were expecting the EU HICP to record an unchanged reading.
Swiss CPI fell as expected in August
In August, on a MoM basis, the consumer price index (CPI) recorded a drop of 0.10% in Switzerland, at par with market expectations. In the previous month, the CPI had dropped 0.40%.
Swiss GDP rose more than expected in 2Q 2016
In Switzerland, GDP climbed 2.00% in 2Q 2016 on a YoY basis, higher than market expectations for an advance of 0.80%. In the prior quarter, GDP had recorded a revised rise of 1.10%.
Swiss CPI fell as expected in August
In August, the CPI recorded a drop of 0.10% on a YoY basis in Switzerland, compared to a drop of 0.20% in the previous month. Markets were anticipating the CPI to fall 0.10%.
US economic optimism index slid in September
The economic optimism index recorded a drop to 46.70 in September, in the US, lower than market expectations of a fall to 48.10. The economic optimism index had registered a level of 48.40 in the prior month.
US non-manufacturing PMI registered a drop in August
In the US, the non-manufacturing PMI eased to 51.40 in August, lower than market expectations of a fall to 54.90. In the previous month, the non-manufacturing PMI had registered a reading of 55.50.
Japanese foreign exchange reserves recorded a decline in August
Foreign exchange reserves eased to $1256.10 billion in August, in Japan, compared to a level of $1264.80 billion in the previous month.
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