The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales across all sectors advanced more than expected in June
Retail sales across all sectors registered a rise of 1.20% on an annual basis in June, in the UK, more than market expectations for an advance of 0.80%. In the previous month, retail sales across all sectors had recorded a drop of 0.40%.
Euro-zone investor confidence index declined in July
The investor confidence index fell to a level of 28.30 in the Euro-zone, in July, compared to market expectations of a fall to 28.10. The investor confidence index had registered a level of 28.40 in the prior month.
German imports rose more than expected in May
The seasonally adjusted imports recorded a rise of 1.20% on a monthly basis in May, in Germany, compared to a similar rise in the previous month. Markets were anticipating imports to rise 0.30%.
German exports rose more than expected in May
On a monthly basis, in Germany, the seasonally adjusted exports registered a rise of 1.40% in May, compared to an advance of 0.90% in the prior month. Market expectation was for exports to advance 0.30%.
German trade surplus widened in May
In May, the seasonally adjusted trade surplus in Germany expanded to €22.00 billion, following a trade surplus of €18.10 billion in the prior month. Market anticipation was for the nation to post a trade surplus of €18.70 billion.
German current account surplus widened in May
The non-seasonally adjusted current account surplus in Germany rose to €17.30 billion in May, from a revised current account surplus of €14.90 billion in the prior month. Markets were expecting the nation’s current account surplus to rise to €15.40 billion.
French business sentiment index unexpectedly eased in June
Compared to a revised reading of 104.00 in the prior month the business sentiment index in France fell unexpectedly to 103.00 in June. Market anticipation was for the business sentiment index to advance to 106.00.
US consumer credit rose more than expected in May
Consumer credit registered a rise of $18.41 billion in May, in the US, compared to a revised advance of $12.93 billion in the previous month. Markets were anticipating consumer credit to climb $13.50 billion.
Japanese Eco Watchers Survey for the current situation climbed in June
In Japan, Eco Watchers Survey for the current situation registered a rise to 50.00 in June, compared to a reading of 48.60 in the previous month. Market anticipation was for Eco Watchers Survey for the current situation to advance to a level of 49.00.
Japanese corporate bankruptcies dropped in June
On an annual basis, corporate bankruptcies in Japan fell 7.47% in June. In the previous month, corporate bankruptcies had advanced 19.52%.
Japanese Eco Watchers Survey for future outlook rose in June
Eco Watchers Survey for the future outlook recorded a rise to 50.50 in June, in Japan, higher than market expectations of an advance to 50.30. Eco Watchers Survey for the future outlook had registered a level of 49.60 in the previous month.
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