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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK housing prices rose less than expected in July
In the UK, housing prices advanced 0.40% on a MoM basis in July, compared to a revised drop of 0.60% in the prior month. Markets were expecting housing prices to record a rise of 0.80%.
Germany industrial production unexpectedly fell in June
In Germany, seasonally adjusted industrial production dropped 1.30% on a MoM basis in June, compared to a revised drop of 0.80% in the previous month. Markets were expecting industrial production to record an advance of 0.50%.
US nonfarm payrolls advanced more than expected in July
In the US, nonfarm payrolls rose by 943.00K in July, compared to a revised level of 938.00K jobs in the prior month. Markets were expecting non-farm payrolls to increase by 870.00K jobs.
US average hourly earnings climbed more than anticipated in July
In the US, average hourly earnings rose 0.40% on a MoM basis in July, compared to a revised rise of 0.40% in the previous month. Markets were expecting average hourly earnings to record a rise of 0.30%.
US unemployment rate dropped more than expected in July
In the US, the unemployment rate fell to 5.40% in July, compared to a rate of 5.90% in the prior month. Markets were expecting the unemployment rate to fall to 5.70%.
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