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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK M4 Ex-IOFCs 3M annualised advanced more than expected in October
On a MoM basis in the UK, M4 Ex-IOFCs 3M annualised registered a rise of 3.70% in October, higher than market expectations for a rise of 3.00%. M4 Ex-IOFCs 3M annualised had climbed by a revised 4.10% in the previous month.
UK net consumer credit advanced less than expected in October
In October, net consumer credit in the UK recorded a rise of £1.20 billion, less than market expectations for a rise of £1.30 billion. In the previous month, net consumer credit had registered a rise of £1.30 billion.
UK business barometer climbed in November
The business barometer climbed to 55.00 in the UK, in November. In the prior month, the business barometer had recorded a level of 50.00.
UK number of mortgage approvals for house purchases recorded a rise in October
In the UK, number of mortgage approvals for house purchases advanced to 69.60 K in October, compared to market expectations of an advance to a level of 69.90 K. In the prior month, number of mortgage approvals for house purchases had registered a revised level of 69.00 K.
UK net lending secured on dwellings advanced more than expected in October
In October, net lending secured on dwellings in the UK advanced £3.60 billion, higher than market expectations for an advance of £3.40 billion. Net lending secured on dwellings had registered a similar rise in the previous month.
UK M4 money supply rose in October
M4 money supply registered a rise of 0.20% on a YoY basis, in October, in the UK. M4 money supply had registered a revised drop of 0.50% in the prior month.
UK net lending to individuals rose in October
In October, net lending to individuals in the UK registered a rise of £4.80 billion. Net lending to individuals had climbed £4.90 billion in the previous month.
UK M4 money supply climbed in October
M4 money supply recorded a rise of 0.60% on a MoM basis, in October, in the UK. M4 money supply had recorded a drop of 1.00% in the previous month.
German consumer price index advanced as expected in November
In November, on an annual basis, the flash consumer price index in Germany recorded a rise of 0.40%, compared to an advance of 0.30% in the previous month. Markets were anticipating the consumer price index to rise 0.40%.
German retail sales unexpectedly fell in October
In Germany, retail sales recorded an unexpected drop of 0.40% in October on a MoM basis, less than market expectations for an advance of 0.40%. Retail sales had registered an unchanged reading in the prior month.
German consumer price index advanced as expected in November
On a monthly basis, in Germany, the preliminary consumer price index climbed 0.10% in November, in line with market expectations. In the previous month, the consumer price index had recorded a flat reading.
German HICP advanced as expected in November
On a MoM basis, the flash harmonised consumer price index in Germany rose 0.10% in November, compared to an unchanged reading in the prior month. Market anticipation was for the HICP to climb 0.10%.
German retail sales rose less than expected in October
In October, on an annual basis, retail sales advanced 2.10% in Germany, less than market expectations for an advance of 2.90%. Retail sales had advanced by a revised 3.50% in the prior month.
German HICP advanced as expected in November
The preliminary harmonised consumer price index in Germany advanced 0.30% in November on an annual basis, compared to an advance of 0.20% in the previous month. Market expectation was for the HICP to rise 0.30%.
Italian producer price index declined in October
The producer price index in Italy slid 3.50% on an annual basis, in October. In the prior month, the producer price index had recorded a revised drop of 3.90%.
Italian producer price index recorded a drop in October
The producer price index in Italy eased 0.10% in October on a monthly basis. The producer price index had fallen by a revised 0.30% in the prior month.
Italian consumer price index dropped more than expected in November
In November, on a MoM basis, the flash consumer price index fell 0.40% in Italy, more than market expectations for a fall of 0.10%. The consumer price index had climbed 0.20% in the previous month.
Italian EU normalised consumer price index dropped more than expected in November
In November, on a monthly basis, the preliminary EU normalised consumer price index in Italy registered a drop of 0.50%, more than market expectations for a fall of 0.20%. The EU normalised consumer price index had recorded a rise of 0.50% in the previous month.
Spanish current account surplus expanded in September
Current account surplus in Spain rose to €1.90 billion in September. Spain had reported a current account surplus of €1.70 billion in the previous month.
Spanish retail sales rose more than expected in October
In Spain, retail sales climbed 5.80% on a YoY basis in October, compared to a revised advance of 4.70% in the prior month. Markets were anticipating retail sales to advance 4.30%.
Swiss KOF economic barometer dropped in November
The KOF economic barometer in Switzerland recorded a drop to 97.90 in November, compared to a revised level of 100.40 in the previous month. Markets were anticipating the KOF economic barometer to ease to 100.20.
US NAPM-Milwaukee manufacturing index registered an unexpected drop in November
Compared to a reading of 46.66 in the previous month the NAPM-Milwaukee manufacturing index eased unexpectedly to 45.34 in the US, in November. Markets were expecting the NAPM-Milwaukee manufacturing index to rise to 48.00.
US Chicago Fed purchasing managers’ index fell in November
In the US, the Chicago Fed purchasing managers’ index dropped to 48.70 in November, lower than market expectations of a drop to 54.00. The Chicago Fed purchasing managers index had registered a reading of 56.20 in the previous month.
US pending home sales rose less than expected in October
On a monthly basis, pending home sales advanced 0.20% in October, in the US, lower than market expectations for a rise of 1.00%. In the prior month, pending home sales had registered a revised drop of 1.60%.
US Dallas Fed manufacturing business index climbed in November
The Dallas Fed manufacturing business index in the US registered a rise to -4.90 in November, compared to a level of -12.70 in the previous month. Market anticipation was for the Dallas Fed manufacturing business index to advance to -10.00.
US pending home sales rose less than expected in October
On a YoY basis, pending home sales rose 2.10% in the US, in October, compared to a revised rise of 3.20% in the prior month. Markets were expecting pending home sales to advance 4.50%.
Canadian current account deficit dropped in 3Q 2015
In 3Q 2015, current account deficit in Canada narrowed to C$16.21 billion, from a revised current account deficit of C$16.57 billion in the prior quarter. Market anticipation was for the nation to register a current account deficit of C$15.15 billion.
Japanese annualised housing starts dropped surprisingly in October
The annualized housing starts dropped unexpectedly to 0.86 million units in Japan, in October, compared to market expectations of an advance to 0.91 million units. The annualised housing starts had recorded a level of 0.90 million units in the previous month.
Japanese capital spending advanced more than expected in 3Q 2015
On a YoY basis, capital spending in Japan advanced 11.20% in 3Q 2015, compared to an advance of 5.60% in the previous quarter. Markets were expecting capital spending to climb 2.20%.
Japanese construction orders declined in October
In Japan, construction orders fell 25.20% on a YoY basis, in October. In the prior month, construction orders had risen 6.70%.
Japanese manufacturing PMI advanced in November
Nomura/ JMMA has reported that the final manufacturing PMI registered a rise to 52.60 in Japan, in November. In the prior month, manufacturing PMI had recorded a reading of 52.40. The preliminary figures had recorded a rise to 52.80.
Japanese capital spending excluding software rose more than expected in 3Q 2015
Capital spending excluding software in Japan climbed 11.20% in 3Q 2015 on an annual basis, compared to an advance of 6.60% in the prior quarter. Market anticipation was for capital spending excluding software to advance 1.80%.
Japanese housing starts unexpectedly declined in October
On an annual basis, in Japan, housing starts unexpectedly dropped 2.50% in October, lower than market expectations for a rise of 2.60%. In the previous month, housing starts had recorded a rise of 2.60%.
Chinese NBS manufacturing PMI slid surprisingly in November
The NBS manufacturing PMI in China fell unexpectedly to 49.60 in November, compared to a reading of 49.80 in the prior month. Markets were anticipating the NBS manufacturing PMI to record a flat reading.
Chinese Caixin/Markit manufacturing PMI index registered an unexpected rise in November
Caixin/Markit manufacturing PMI index in China climbed unexpectedly to 48.60 in November, compared to market expectations of a steady reading. Caixin/Markit manufacturing PMI index had registered a level of 48.30 in the previous month.
Chinese NBS non-manufacturing PMI registered a rise in November
In November, the NBS non-manufacturing PMI in China recorded a rise to 53.60. The NBS non-manufacturing PMI had registered a level of 53.10 in the previous month.
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