Guardian Stockbrokers Key Economic News Wednesday 15 September 2021

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

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UK unemployment rate dropped as anticipated in July

In the UK, the unemployment rate fell to 4.60% in the three months to July, in line with market expectations and compared to 4.70% in the prior month.

UK average earnings advanced more than expected in July

In the UK, average earnings rose 8.30% on a YoY basis in July, compared to a rise of 8.80% in the previous month. Markets were expecting average earnings to record an advance of 8.20%.

US CPI rose less than expected in August

In the US, the CPI advanced 0.30% on a MoM basis in August, less than market expectations and compared to a rise of 0.50% in the prior month.

US business optimism index advanced in August

In the US, the business optimism index rose to a level of 100.10 in August, compared to a reading of 99.70 in the previous month.

China’s retail sales rose less than expected in August

In China, retail sales advanced 2.50% on a YoY basis in August, compared to a rise of 8.50% in the prior month. Markets were expecting retail sales to record a rise of 7.00%.

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