“Key Economic News” this morning 300616

UK number of mortgage approvals for house purchases unexpectedly advanced in May

Compared to a revised level of 66.20 K in the previous month number of mortgage approvals for house purchases climbed unexpectedly to 67.00 K in the UK, in May. Markets were expecting number of mortgage approvals for house purchases to drop to a level of 65.30 K.

UK house prices surprisingly rose in June

The seasonally adjusted house prices in the UK registered an unexpected rise of 0.20% in June on a monthly basis, compared to a similar rise in the previous month. Markets were expecting house prices to record a flat reading.

UK M4 money supply rose in May

M4 money supply in the UK rose 1.20% in May on a MoM basis. In the prior month, M4 money supply had fallen 0.10%.

UK consumer credit recorded a rise in May

The seasonally adjusted consumer credit registered a rise of £21.45 billion in the UK, in May. Consumer credit had risen by a revised £21.49 billion in the prior month.

UK consumer confidence remained unchanged in June

The consumer confidence remained unchanged at -1.00 in the UK, in June, compared to market expectations of a fall to -2.00.

UK net consumer credit advanced as expected in May

Net consumer credit in the UK recorded a rise of £1.50 billion in May, at par with market expectations. Net consumer credit had registered a rise of £1.30 billion in the prior month.

UK house prices rose more than expected in June

In the UK, the non-seasonally adjusted house prices registered a rise of 5.10% on an annual basis in June, more than market expectations for a rise of 4.90%. House prices had risen 4.70% in the prior month.

UK net lending secured on dwellings rose more than expected in May

Net lending secured on dwellings advanced £2.80 billion in May, in the UK, compared to a revised rise of £0.10 billion in the previous month. Market expectation was for net lending secured on dwellings to advance £2.20 billion.

UK M4 Ex-IOFCs 3M annualised advanced more than expected in May

On a MoM basis, M4 Ex-IOFCs 3M annualised in the UK advanced 5.20% in May, higher than market expectations for an advance of 2.60%. M4 Ex-IOFCs 3M annualised had risen 4.10% in the prior month.

UK M4 money supply climbed in May

On a YoY basis, M4 money supply rose 1.80% in May, in the UK. In the previous month, M4 money supply had registered a revised rise of 1.10%.

Euro-zone services sentiment indicator dropped in June

in the Euro-zone, the services sentiment indicator recorded a drop to 10.80 in June, compared to market expectations of a drop to 11.00. In the prior month, the services sentiment indicator had registered a level of 11.30.

Euro-zone economic sentiment indicator fell unexpectedly in June

The economic sentiment indicator in the Euro-zone eased unexpectedly to 104.40 in June, compared to a revised reading of 104.60 in the previous month. Market anticipation was for the economic sentiment indicator to advance to 104.70.

Euro-zone business climate indicator slid unexpectedly in June

The business climate indicator dropped unexpectedly to a level of 0.22 in June, in the Euro-zone, compared to a level of 0.26 in the previous month. Market anticipation was for the business climate indicator to record a flat reading.

Euro-zone industrial confidence index climbed in June

The industrial confidence index in the Euro-zone climbed to -2.80 in June, compared to market expectations of an advance to a level of -3.40. In the prior month, the industrial confidence index had recorded a revised reading of -3.70.

Euro-zone consumer confidence index registered a drop in June

The final consumer confidence index recorded a drop to -7.30 in the Euro-zone, in June, compared to a level of -7.00 in the prior month. The preliminary figures had also recorded a fall to -7.30.

German consumer confidence index climbed unexpectedly in July

In July, the consumer confidence index rose unexpectedly to 10.10 in Germany, higher than market expectations of a steady reading. The consumer confidence index had registered a level of 9.80 in the previous month.

German HICP advanced as expected in June

On a MoM basis, in Germany, the preliminary harmonised consumer price index (HICP) climbed 0.10% in June, meeting market expectations. The HICP had climbed 0.40% in the previous month.

German CPI advanced as expected in June

On an annual basis in Germany, the flash consumer price index (CPI) rose 0.30% in June, at par with market expectations. The CPI had climbed 0.10% in the prior month.

German HICP advanced as expected in June

In June, the flash HICP advanced 0.20% on a YoY basis in Germany, compared to a flat reading in the prior month. Markets were expecting the HICP to climb 0.20%.

German CPI advanced less than expected in June

The flash CPI recorded a rise of 0.10% on a monthly basis in Germany, in June, compared to an advance of 0.30% in the prior month. Markets were expecting the CPI to climb 0.20%.

Spanish HICP index advanced more than expected in June

On a MoM basis, the preliminary HICP index climbed 0.40% in June, in Spain, higher than market expectations for an advance of 0.30%. The HICP index had recorded a rise of 0.50% in the prior month.

Spanish CPI fell less than expected in June

On a YoY basis in June, the flash CPI fell 0.80% in Spain, lower than market expectations for a fall of 0.90%. The CPI had dropped 1.00% in the prior month.

Spanish HICP index declined less than expected in June

On a YoY basis, the flash HICP index recorded a drop of 0.90% in June, in Spain, lower than market expectations for a fall of 1.00%. The HICP index had dropped 1.10% in the previous month.

Spanish CPI climbed in June

In Spain, the preliminary CPI rose 0.50% on a monthly basis, in June. The CPI had registered a similar rise in the prior month.

Swiss UBS consumption indicator recorded a rise in May

UBS consumption indicator rose to a level of 1.35 in Switzerland, in May, compared to a revised level of 1.24 in the previous month.

US personal consumption expenditure deflator rose as expected in May

In May, on a MoM basis, personal consumption expenditure deflator recorded a rise of 0.20% in the US, compared to a rise of 0.30% in the prior month. Market anticipation was for personal consumption expenditure deflator to climb 0.20%.

US personal consumption expenditure deflator advanced less than expected in May

In the US, personal consumption expenditure deflator climbed 0.90% on an annual basis in May, lower than market expectations for an advance of 1.00%. Personal consumption expenditure deflator had advanced 1.10% in the previous month.

US mortgage applications dropped in the last week

In the week ended 24 June 2016, on a weekly basis, mortgage applications in the US registered a drop of 2.60%. In the prior week, mortgage applications had registered a rise of 2.90%.

US personal income rose less than expected in May

Personal income climbed 0.20% on a monthly basis in May, in the US, less than market expectations for a rise of 0.30%. In the previous month, personal income had recorded a revised rise of 0.50%.

US pending home sales rose less than expected in May

On an annual basis, pending home sales climbed 2.40% in May, in the US, compared to a revised advance of 1.80% in the previous month. Market anticipation was for pending home sales to advance 4.60%.

US core personal consumption expenditure advanced as expected in May

On a MoM basis in May, core personal consumption expenditure recorded a rise of 0.20% in the US, at par with market expectations. In the previous month, core personal consumption expenditure had registered a similar rise.

US personal spending advanced as expected in May

On a MoM basis, personal spending in the US registered a rise of 0.40% in May, at par with market expectations. Personal spending had recorded a revised rise of 1.10% in the prior month.

US pending home sales declined more than expected in May

In May, on a monthly basis, pending home sales recorded a drop of 3.70% in the US, higher than market expectations for a fall of 1.10%. Pending home sales had recorded a revised rise of 3.90% in the prior month.

US core personal consumption expenditure advanced as expected in May

Core personal consumption expenditure rose 1.60% on an annual basis in the US, in May, in line with market expectations. Core personal consumption expenditure had registered a similar rise in the previous month.

Japanese vehicle production rose in May

Vehicle production in Japan rose 1.70% in May on a YoY basis. Vehicle production had dropped 9.70% in the prior month.

Japanese investors turned net buyers of foreign bonds in the previous week

Japanese investors turned net buyers of ¥394.20 billion worth of foreign bonds in the week ended 24 June 2016, as compared to being net sellers of a revised ¥457.50 billion worth of foreign bonds in the prior week.

Japanese industrial production unexpectedly slid in May

On an annual basis, the flash industrial production in Japan unexpectedly fell 0.10% in May, less than market expectations for an advance of 1.90%. In the previous month, industrial production had dropped 3.30%.

Foreign investors became net sellers of Japanese stocks in the previous week

Foreign investors remained net sellers of ¥184.20 billion worth of Japanese stocks in the week ended 24 June 2016, as compared to being net sellers of a revised ¥232.80 billion worth of Japanese stocks in the previous week.

Foreign investors became net sellers of Japanese bonds in the previous week

Foreign investors remained net sellers of ¥2157.50 billion worth of Japanese bonds in the week ended 24 June 2016, as compared to being net sellers of a revised ¥487.70 billion worth of Japanese bonds in the previous week.

Japanese small business confidence index registered a rise in June

In Japan, the small business confidence index climbed to 46.50 in June, higher than market expectations of an advance to a level of 46.10. In the prior month, the small business confidence index had registered a reading of 45.60.

Japanese industrial production declined more than expected in May

In May, the preliminary industrial production registered a drop of 2.30% in Japan on a MoM basis, compared to a rise of 0.50% in the previous month. Markets were anticipating industrial production to ease 0.20%.

Japanese corporate loans & discounts recorded a rise in May

In Japan, corporate loans & discounts rose 2.58% in May on an annual basis. In the previous month, corporate loans & discounts had climbed 3.05%.

Japanese investors became net buyers of foreign stocks in the previous week

Japanese investors remained net buyers of ¥211.60 billion worth of foreign stocks in the week ended 24 June 2016, from being net buyers of ¥72.40 billion worth of foreign stocks in the previous week.

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