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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone trade surplus expanded in July
In the Euro-zone, the seasonally adjusted trade surplus widened to €19.00 billion in July, from a revised trade surplus of €17.70 billion in the previous month.
German wholesale price index dropped in August
In Germany, the wholesale price index eased 0.80% on a MoM basis in August. The index had registered a drop of 0.30% in the prior month.
US advance retail sales rose more than expected in August
In the US, advance retail sales rose 0.40% on a MoM basis in August, compared to a revised rise of 0.80% in the previous month. Market expectation was for advance retail sales to rise 0.20%.
US consumer sentiment index climbed in September
In the US, the flash Reuters/Michigan consumer sentiment index advanced to a level of 92.00 in September, compared to market expectations of an advance to a level of 90.90. In the previous month, the index had recorded a level of 89.80.
US business inventories advanced more than expected in July
In the US, business inventories rose 0.40% on a MoM basis in July, more than market expectations for an advance of 0.30%. Business inventories had registered a flat reading in the prior month.
Chinese retail sales advanced less than expected in August
In China, retail sales recorded a rise of 7.50% on a YoY basis in August, lower than market expectations for a rise of 8.00%. Retail sales had advanced 7.60% in the previous month.
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