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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK unemployment rate remained unchanged as expected in the three months ended June
In the UK, the ILO unemployment rate remained steady at 3.8% in the three months ended June, at par with market expectations.
UK average earnings including bonus advanced more than expected in the three months ended June
In the UK, average earnings including bonus recorded a rise of 5.10% on a YoY basis in the three months ended June, compared to a revised rise of 6.40% in the prior month. Markets were expecting average earnings to record an advance of 4.50%.
Euro-zone economic sentiment index declined in August
In the Euro-zone, the ZEW survey economic sentiment index fell to -54.90 in August, compared to a reading of -51.10 in the previous month.
German economic sentiment index dropped in August
In Germany, the ZEW survey economic sentiment index fell to -55.30 in August, compared to a reading of -53.80 in the previous month.
US building permits dropped in July
In the US, building permits fell 1.30% on a MoM basis in July, compared to a revised rise of 0.10% in the prior month.
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