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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK ILO unemployment rate unexpectedly rose in June
In the UK, the ILO unemployment rate unexpectedly advanced to 4.20% in June, compared to 4.00% in the prior month.
UK average earnings including bonus advanced more than expected in June
In the UK, average earnings including bonus rose 8.20% on a YoY basis in June, compared to a revised rise of 7.20% in the prior month. Market anticipations were for average earnings including bonus to rise 7.30%.
Eurozone ZEW economic sentiment index rose in August
In Eurozone, the ZEW economic sentiment index advanced to -5.50 in August, compared to a level of -12.20 in the prior month.
Germany ZEW economic sentiment index unexpectedly advanced in August
In Germany, the ZEW economic sentiment index unexpectedly rose to -12.30 in August, compared to a level of -14.70 in the previous month.
US advance retail sales rose more than anticipated in July
In the US, advance retail sales advanced 0.70% on a MoM basis in July, compared to a revised rise of 0.30% in the prior month. Markets were expecting retail sales to rise 0.40%.
US housing market index unexpectedly dropped in August
In the US, the NAHB housing market index unexpectedly eased to 50.00 in August, compared to a level of 56.00 in the prior month.
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