The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK net consumer credit rose less than expected in July
Net consumer credit in the UK registered a rise of £0.80 billion in July, compared to a revised advance of £1.50 billion in the prior month. Market expectation was for net consumer credit to advance £1.50 billion.
UK consumer confidence index surprisingly advanced in August
In August, the consumer confidence index in the UK unexpectedly rose to a level of -7.00, compared to market expectations of a steady reading. In the previous month, the index had recorded a level of -10.00.
UK number of mortgage approvals for house purchases slid in July
Number of mortgage approvals for house purchases in the UK recorded a drop to a level of 64.80 K in July, lower than market expectations of a drop to a reading of 65.00 K. Number of mortgage approvals for house purchases had recorded a revised level of 65.40 K in the prior month.
German CPI advanced as expected in August
The flash consumer price index (CPI) in Germany recorded a rise of 0.10% on a monthly basis, in August, compared to an advance of 0.30% in the previous month. Markets were anticipating the CPI to advance 0.10%.
German unemployment rate remained steady in August
The seasonally adjusted unemployment rate in Germany remained steady at 5.20% in August, in line with market expectations.
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