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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CBI distributive trade survey’s retail sales balance slid surprisingly in November
In November, the CBI distributive trade survey’s retail sales balance fell unexpectedly to 7.00% in the UK, compared to a level of 19.00% in the previous month. Markets were anticipating the CBI distributive trade survey’s retail sales balance to climb to 25.00%.
German GDP rose as expected in 3Q 2015
On a QoQ basis, the seasonally adjusted final gross domestic product (GDP) registered a rise of 0.30% in Germany, in 3Q 2015, meeting market expectations. The preliminary figures had also recorded an advance of 0.30%. In the previous quarter, GDP had recorded a rise of 0.40%.
German GDP advanced as expected in 3Q 2015
In 3Q 2015, on an annual basis, the working day adjusted final GDP in Germany registered a rise of 1.70%, compared to an advance of 1.60% in the prior quarter. The preliminary figures had also recorded a rise of 1.70%. Market expectation was for GDP to climb 1.70%.
German government spending rose more than expected in 3Q 2015
In 3Q 2015, on a QoQ basis, government spending rose 1.30% in Germany, compared to a revised advance of 0.70% in the prior quarter. Markets were anticipating government spending to climb 0.40%.
German Ifo business climate index climbed unexpectedly in November
The Ifo business climate index in Germany recorded an unexpected rise to 109.00 in November, higher than market expectations of an unchanged reading. In the prior month, the Ifo business climate index had recorded a reading of 108.20.
German imports advanced more than expected in 3Q 2015
Imports rose 1.10% in Germany on a quarterly basis in 3Q 2015, more than market expectations for an advance of 1.00%. In the prior quarter, imports had climbed by a revised 0.50%.
German exports rose less than expected in 3Q 2015
On a QoQ basis, exports registered a rise of 0.20% in Germany, in 3Q 2015, less than market expectations for a rise of 0.40%. Exports had advanced by a revised 1.80% in the previous quarter.
German construction investment recorded an unexpected drop in 3Q 2015
On a QoQ basis, construction investment recorded an unexpected drop of 0.30% in 3Q 2015, in Germany, compared to a revised drop of 1.30% in the previous quarter. Market expectation was for construction investment to advance 0.10%.
German GDP advanced as expected in 3Q 2015
In 3Q 2015, the non-seasonally adjusted final GDP in Germany climbed 1.80% on an annual basis, at par with market expectations. GDP had recorded a rise of 1.60% in the previous quarter. The preliminary figures had also indicated a rise of 1.80%.
German private consumption rose more than expected in 3Q 2015
Private consumption in Germany recorded a rise of 0.60% in 3Q 2015 on a QoQ basis, more than market expectations for a rise of 0.50%. In the previous quarter, private consumption had climbed by a revised 0.10%.
German domestic demand advanced as expected in 3Q 2015
Domestic demand climbed 0.70% in Germany on a QoQ basis in 3Q 2015, at par with market expectations. In the previous quarter, domestic demand had recorded a revised drop of 0.20%.
German capital investment surprisingly eased in 3Q 2015
In 3Q 2015, capital investment registered an unexpected drop of 0.30% in Germany, on a quarterly basis, lower than market expectations for a steady reading. Capital investment had recorded a drop of 0.40% in the previous quarter.
German Ifo current assessment index advanced surprisingly in November
The Ifo current assessment index recorded an unexpected rise to a level of 113.40 in Germany, in November, compared to market expectations of a fall to 112.40. In the prior month, the Ifo current assessment index had registered a revised reading of 112.70.
German Ifo business expectations index climbed in November
In November, the Ifo business expectations index in Germany registered a rise to 104.70, compared to market expectations of an advance to a level of 104.00. In the prior month, the Ifo business expectations index had registered a revised reading of 103.90.
French own-company production outlook registered a drop in November
Own-company production outlook eased to 4.00 in France, in November. Own-company production outlook had registered a revised reading of 12.00 in the previous month.
French industrial business climate index steadied in November
The industrial business climate index remained steady at a level of 102.00 in France, in November. Market expectation was for the industrial business climate index to drop to 101.00.
French production outlook indicator recorded a rise in November
In November, the production outlook indicator in France recorded a rise to 10.00. The production outlook indicator had recorded a level of 2.00 in the prior month.
Italian wage inflation climbed in October
In October, the wage inflation recorded a rise to 0.10% in Italy. In the previous month, the wage inflation had registered a reading of 0.00%.
Italian annual wage inflation remained unchanged in October
In October, the annual wage inflation remained steady at 1.20% in Italy.
US S&P/Case-Shiller home price index advanced in September
The S&P/Case-Shiller home price index registered a rise to 182.91 in the US, in September, lower than market expectations of an advance to 183.03. The S&P/Case-Shiller home price index had registered a revised reading of 182.53 in the previous month.
US S&P/Case-Shiller composite index of 20 metropolitan areas rose more than expected in September
The seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas rose 0.61% in the US on a monthly basis in September, compared to an advance of 0.11% in the prior month. Market expectation was for the S&P/Case-Shiller composite index of 20 metropolitan areas to advance 0.30%.
US Redbook index recorded a rise in the last week
In the week ended 20 November 2015, on a monthly basis, the seasonally adjusted Redbook index in the US climbed 0.90%. In the prior week, the Redbook index had climbed 0.80%.
US core personal consumption expenditure rose as expected in 3Q 2015
In 3Q 2015, the second estimate of core personal consumption expenditure rose 1.30% on a quarterly basis in the US, meeting market expectations. The preliminary figures had also indicated a rise of 1.30%. Core personal consumption expenditure had risen 1.90% in the prior quarter.
US S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas rose more than expected in September
On a YoY basis, the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas registered a rise of 5.45% in September, in the US, higher than market expectations for a rise of 5.15%. In the previous month, the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas had climbed by a revised 5.13%.
US personal consumption advanced less than expected in 3Q 2015
In 3Q 2015, the second estimate of personal consumption advanced 3.00% in the US on a QoQ basis, less than market expectations for a rise of 3.20%. The preliminary figures had indicated an advance of 3.20%. In the prior quarter, personal consumption had risen 3.60%.
US GDP price index advanced more than expected in 3Q 2015
The second estimate of GDP price index registered a rise of 1.30% in the US on a quarterly basis in 3Q 2015, more than market expectations for an advance of 1.20%. In the prior quarter, the GDP price index had registered a rise of 2.10%. The preliminary figures had recorded an advance of 1.20%.
US Richmond Fed manufacturing index declined surprisingly in November
The Richmond Fed manufacturing index in the US eased unexpectedly to a level of -3.00 in November, compared to a reading of -1.00 in the prior month. Market anticipation was for the Richmond Fed manufacturing index to climb to 1.00.
US Redbook index rose in the last week
The Redbook index advanced 1.50% in the US on an annual basis, in the week ended 20 November 2015. The Redbook index had climbed 1.20% in the prior week.
US CB consumer confidence index declined surprisingly in November
In November, the CB consumer confidence index in the US eased unexpectedly to 90.40, lower than market expectations of a rise to 99.50. In the previous month, the CB consumer confidence index had recorded a revised level of 99.10.
US annualized GDP rose as expected in 3Q 2015
In 3Q 2015, the second estimate of annualised GDP climbed 2.10% in the US on a QoQ basis, in line with market expectations. In the prior quarter, the annualised GDP had registered a rise of 3.90%. The preliminary figures had indicated a rise of 1.50%.
Japanese supermarket sales climbed in October
Supermarket sales advanced 2.80% in Japan on a YoY basis, in October. In the prior month, supermarket sales had recorded a rise of 2.90%.
Japanese corporate service price index advanced less than expected in October
In Japan, the corporate service price index recorded a rise of 0.50% in October on a YoY basis, lower than market expectations for an advance of 0.60%. The corporate service price index had registered a revised similar rise in the previous month.
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