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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone unemployment rate remains steady as expected in July
In the Euro-zone, the unemployment rate remained steady at 6.40% in July, at par with market expectations and compared to 6.40% in the prior month.
German retail sales unexpectedly fell in July
In Germany, retail sales unexpectedly dropped 0.80% on a MoM basis in July, compared to a fall of 0.20% in the previous month.
German unemployment rate remains steady in July
In Germany, the unemployment rate remained steady at 5.70% in July, at par with market expectations and compared to 5.70% in the previous month.
US initial jobless claims unexpectedly dropped in the week ended 25 August 2023
In the US, initial jobless claims unexpectedly fell to 228.00K in the week ended 25 August 2023, compared to a revised level of 232.00K in the previous week.
US personal income advanced less than expected in July
In the US, personal income rose 0.20% on a MoM basis in July, compared to a rise of 0.30% in the previous month. Market anticipations were for personal income to remain steady.
US Chicago Purchasing Managers’ Index climbed more than anticipated in August
In the US, the Chicago Purchasing Managers’ Index rose to 48.70 in August, compared to a level of 42.80 in the previous month. Markets were expecting the index to rise to 44.10.
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