The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone current account surplus widened in July
The seasonally adjusted current account surplus in the Euro-zone widened to €25.10 billion in July, compared to a revised current account surplus of €22.80 billion in the prior month.
Euro-zone current account surplus widened in July
The non-seasonally adjusted current account surplus in the Euro-zone widened to €32.50 billion in July. The Euro-zone had registered a revised current account surplus of €29.80 billion in the prior month.
Euro-zone construction output climbed in July
On a monthly basis, the seasonally adjusted construction output advanced 0.20% in the Euro-zone, in July. In the previous month, construction output had registered a revised similar rise.
Euro-zone economic sentiment index climbed in September
In September, the economic sentiment index registered a rise to 31.70 in the Euro-zone. The economic sentiment index had recorded a level of 29.30 in the previous month.
German economic sentiment index climbed in September
The economic sentiment index advanced to 17.00 in September, in Germany, higher than market expectations of an advance to 12.00. In the previous month, the economic sentiment index had registered a reading of 10.00.
German current situation index surprisingly climbed in September
The current situation index advanced unexpectedly to 87.90 in September, in Germany, compared to market expectations of a drop to 86.20. The current situation index had registered a level of 86.70 in the previous month.
Italian current account surplus widened in July
Italy has reported current account surplus of €8.63 billion in July, from a current account surplus of €5.26 billion in the prior month.
US current account deficit rose in 2Q 2017
Current account deficit in the US expanded to $123.10 billion in 2Q 2017, from a revised current account deficit of $113.50 billion in the previous quarter. Markets were anticipating the nation to register a current account deficit of $116.00 billion.
US import price index advanced more than expected in August
In the US, the import price index climbed 0.60% on a MoM basis in August, compared to a revised fall of 0.10% in the previous month. Market expectation was for the import price index to rise 0.40%.
US Redbook index rose in the last week
The seasonally adjusted Redbook index registered a rise of 0.10% on a MoM basis in the US, in the week ended 15 September 2017. In the previous week, the Redbook index had risen 0.30%.
US housing starts declined in August
In August, housing starts eased 0.80%, on MoM basis, to an annual rate of 1180.00 K in the US, compared to market expectations of 1174.00 K. Housing starts had registered a revised level of 1190.00 K in the previous month.
US building permits unexpectedly climbed in August
Compared to a revised reading of 1230.00 K in the previous month, building permits in the US unexpectedly advanced by 5.70%, on MoM basis, to an annual rate of 1300.00 K in August. Markets were anticipating building permits to ease to a level of 1220.00 K.
US import price index advanced less than expected in August
On a YoY basis in August, the import price index rose 2.10% in the US, compared to a revised advance of 1.20% in the prior month. Market expectation was for the import price index to rise 2.20%.
US Redbook index rose in the last week
On a YoY basis, the Redbook index in the US rose 3.60% in the week ended 15 September 2017. In the previous week, the Redbook index had recorded a rise of 4.50%.
US export price index rose more than expected in August
On a MoM basis, the export price index in the US recorded a rise of 0.60% in August, higher than market expectations for an advance of 0.20%. The export price index had registered a revised rise of 0.50% in the previous month.
US export price index rose in August
The export price index advanced 2.30% in the US on an annual basis, in August. The export price index had climbed by a revised 0.90% in the prior month.
Canadian manufacturing shipments declined more than expected in July
In July, manufacturing shipments dropped 2.60% in Canada on a MoM basis, compared to a revised fall of 1.90% in the previous month. Markets were expecting manufacturing shipments to drop 1.90%.
Japanese imports rose more than expected in August
In August, imports rose 15.20% on a YoY basis in Japan, higher than market expectations for a rise of 11.60%. In the previous month, imports had climbed 16.30%.
Japanese merchandise (total) trade surplus dropped in August
Merchandise (total) trade surplus in Japan fell to ¥113.60 billion in August, from a merchandise (total) trade surplus of ¥418.80 billion in the prior month. Markets were expecting the nation to post a merchandise (total) trade surplus of ¥104.40 billion.
Japanese exports advanced more than expected in August
In Japan, exports rose 18.10% on an annual basis in August, more than market expectations for a rise of 14.30%. In the prior month, exports had risen 13.40%.
Japanese adjusted merchandise trade surplus expanded in August
Adjusted merchandise trade surplus in Japan expanded to ¥367.30 billion in August, following a revised adjusted merchandise trade surplus of ¥363.10 billion in the previous month. Market anticipation was for the country’s adjusted merchandise trade surplus to rise to ¥404.50 billion.
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