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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector net borrowing recorded a surplus in July
In the UK, the public sector net borrowing (excluding temporary effects of financial interventions) has reported a surplus £0.20 billion in July, as compared to a revised deficit of £6.20 billion in the prior month. Markets were expecting public sector net borrowing to announce a deficit of £1.00 billion.
UK public sector net borrowing posted a surplus in July
In the UK, the public sector net borrowing has reported a surplus £0.80 billion in July, from a revised deficit of £5.70 billion in the previous month. Markets were expecting public sector net borrowing to announce a deficit of £0.30 billion.
UK CBI trends selling prices rose in August
CBI trends selling prices in the UK advanced to 19.00 in August. CBI trends selling prices had registered a level of 9.00 in the previous month.
UK public sector net cash requirement reported a surplus in July
In the UK, public finances (public sector net cash requirement) has posted a surplus £6.90 billion in July, as compared to a deficit of £17.80 billion in the previous month.
UK balance of firms reporting total order book above normal unexpectedly rose in August
In the UK, the balance of firms reporting total order book above normal recorded an unexpected rise to 13.00 in August, compared to a level of 10.00 in the prior month. Markets were expecting the balance of firms reporting total order book above normal to drop to a level of 8.00.
Euro-zone economic sentiment index dropped in August
In the Euro-zone, the economic sentiment index registered a drop to 29.30 in August, compared to a level of 35.60 in the prior month.
German current situation index surprisingly climbed in August
In Germany, the current situation index rose unexpectedly to 86.70 in August, compared to a level of 86.40 in the prior month. Markets were expecting the current situation index to drop to 85.20.
German economic sentiment index dropped in August
Compared to a reading of 17.50 in the prior month the economic sentiment index eased to 10.00 in Germany, in August. Markets were anticipating the economic sentiment index to fall to 15.00.
Spanish trade deficit dropped in June
Trade deficit in Spain narrowed to €1.26 billion in June, from a trade deficit of €1.43 billion in the previous month.
Swiss trade surplus widened in July
Trade surplus in Switzerland widened to CHF 3.51 billion in July. Switzerland had posted a revised trade surplus of CHF 2.76 billion in the previous month.
Swiss exports declined in July
Exports dropped 1.70% in Switzerland on a MoM basis, in July. Exports had registered a revised drop of 1.30% in the prior month.
US Redbook index fell in the last week
In the week ended 18 August 2017, on a MoM basis, the seasonally adjusted Redbook index in the US recorded a drop of 0.20%. In the previous week, the Redbook index had recorded a drop of 0.40%.
US Redbook index rose in the last week
In the US, the Redbook index registered a rise of 3.20% in the week ended 18 August 2017 on an annual basis. The Redbook index had registered a rise of 2.50% in the previous week.
US house price purchase index rose in 2Q 2017
In the US, the house price purchase index advanced 1.60% in 2Q 2017 on a QoQ basis. In the prior quarter, the house price purchase index had risen 1.40%.
US housing price index advanced less than expected in June
In June, on a MoM basis, the housing price index climbed 0.10% in the US, less than market expectations for a rise of 0.50%. In the previous month, the housing price index had advanced 0.40%.
US Richmond Fed manufacturing index steadied in August
The Richmond Fed manufacturing index in the US remained steady at 14.00 in August, higher than market expectations of a fall to 10.00.
Canadian retail sales rose less than expected in June
On a MoM basis, retail sales rose 0.10% in Canada, in June, lower than market expectations for a rise of 0.20%. Retail sales had recorded a revised rise of 0.50% in the previous month.
Canadian retail sales (ex-autos) rose more than expected in June
On a monthly basis, retail sales (ex-autos) in Canada rose 0.70% in June, more than market expectations for a rise of 0.10%. Retail sales (ex-autos) had dropped 0.10% in the prior month.
Japanese supermarket sales remained flat in July
Supermarket sales in Japan remained unchanged on an annual basis, in July. Supermarket sales had registered a drop of 1.20% in the previous month.
Japanese manufacturing PMI rose in August
In August, the flash manufacturing PMI rose to a level of 52.80 in Japan, compared to a level of 52.10 in the prior month.
Chinese leading economic index rose in July
The leading economic index in China climbed 0.90% on a monthly basis, in July. In the previous month, the leading economic index had advanced by a revised 1.70%.
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