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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales rose more than expected in June
In the UK, retail sales registered a rise of 3.80% on a YoY basis in June, more than market expectations for a rise of 2.60%. Retail sales had registered a revised rise of 2.20% in the prior month.
US initial jobless claims climbed in the last week
In the US, the seasonally adjusted initial jobless claims advanced to level of 216.00 K in the week ended 13 July 2019, compared to a revised level of 208.00 K in the prior week. Market expectation was for initial jobless claims to advance to a reading of 216.00 K.
US Philadelphia Fed manufacturing index climbed in July
In the US, Philadelphia Fed manufacturing index climbed to a level of 21.80 in July, compared to market expectations of a rise to a level of 5.00. In the previous month, the index had recorded a level of 0.30.
Canadian house price index climbed in June
In Canada, the house price index climbed 0.80% on a MoM basis in June, compared to a rise of 0.47% in the previous month.
Japanese national CPI advanced as expected in June
In Japan, the national consumer price index (CPI) climbed 0.70% on a YoY basis in June, at par with market expectations. The CPI had registered a similar rise in the prior month.
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