Guardian Stockbrokers Key Economic News Wednesday 21 July 2021

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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Euro-zone current account surplus narrowed in May

In the Euro-zone, seasonally adjusted current account surplus narrowed to €11.70 billion in May, compared to a revised surplus of €22.10 billion in the previous month. Markets were expecting trade surplus to narrow to €16.9 billion.

German PPI rose as expected in June

In Germany, the producer price index (PPI) advanced 8.50% on a YoY basis in June, in line with market expectations and compared to a rise of 7.20% in the prior month.

US building permits dropped in June

In the US, building permits fell 5.10% on a MoM basis in June, compared to a revised fall of 2.90% in the prior month.

US housing starts advanced in June

In the US, housing starts rose 6.30% on a MoM basis in June, compared to a revised rise of 2.10% in the previous month.

Japanese merchandise trade balance recorded a surplus in June

In Japan, merchandise trade surplus stood at ¥383.20 billion in June, compared to a deficit of ¥187.10 billion in the previous month. Markets were expecting the nation to record a surplus of ¥460.00 billion.

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