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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone business climate index dropped in July
In the Euro-zone, the business climate index fell to -0.09 in July, compared to a level of 0.06 in the prior month.
Euro-zone consumer confidence index rose as expected in July
In the Euro-zone, the consumer confidence index advanced to -15.10 in July, at par with market expectations and compared to a level of -16.10 in the previous month.
Euro-zone economic sentiment index fell more than anticipated in July
In the Euro-zone, the economic sentiment index declined to 94.50 in July, compared to a level of 95.30 in the prior month. Markets were expecting the index to drop to 95.00.
German GDP unexpectedly remained flat in 2Q23
In Germany, GDP unexpectedly remained flat on a QoQ basis in 2Q23, compared to a fall of 0.10% in the previous quarter.
German CPI rose as anticipated in July
In Germany, the CPI advanced 6.20% on a YoY basis in July, at par with market expectations and compared to a rise of 6.40% in the previous month.
US Michigan consumer sentiment index advanced less than expected in July
In the US, the Michigan consumer sentiment index rose to 71.60 in July, compared to a level of 64.40 in the previous month. Markets were expecting the index to rise to 72.60.
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