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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK total trade deficit widened in October
The UK has registered total trade deficit of £4.14 billion in October, from a revised total trade deficit of £1.07 billion in the prior month. Market expectation was for the nation to post a total trade deficit of £1.80 billion.
UK trade deficit widened in October
In October, non-EU trade deficit in the UK rose to £3.73 billion, more than market expectations of a trade deficit of £2.50 billion. The UK had posted a revised trade deficit of £1.72 billion in the previous month.
UK visible trade deficit expanded in October
Visible trade deficit in the UK expanded to £11.83 billion in October, compared to a revised visible trade deficit of £8.80 billion in the previous month. Markets were anticipating the nation to register a visible trade deficit of £9.70 billion.
BoE keeps rates on hold as oil and wages weigh on inflation
The BoE left its benchmark interest rate unchanged at a record low, with only Ian McCafferty maintaining his call for a 25 basis-point increase. The BoE Governor Mark Carney stated that a renewed fall in oil prices since the last meeting and subdued wage growth had a feeble impetus for prices. In the minutes of the BoE’s December monetary policy meeting, the central bank restated that headline inflation will stay below 1% in the first half of 2016. Also, the board noted that there was a need for sustained firming in domestic cost pressures compared with current rates to push inflation back to the 2% target.
BoE held its key interest rate steady
The BoE kept its key interest rate unchanged at 0.50%, in line with market expectations.
UK BoE asset purchase facility remained steady
The BoE asset purchase facility in the UK remained flat at £375.00 billion, meeting market expectations.
French industrial production registered an unexpected rise in October
In France, industrial production registered an unexpected rise of 0.50% on a monthly basis in October, more than market expectations for a steady reading. In the previous month, industrial production had recorded a revised unchanged reading.
French CPI (ex-tobacco) recorded a drop in November
In November, on a MoM basis, the consumer price index (CPI) (ex-tobacco) in France recorded a drop of 0.20%. In the prior month, the CPI (ex-tobacco) had risen 0.10%.
French EU normalised CPI surprisingly slid in November
In November, EU normalised CPI unexpectedly fell 0.20% in France, on a MoM basis, less than market expectations for an unchanged reading. EU normalised CPI had advanced 0.10% in the previous month.
French non-farm payrolls remained flat in 3Q 2015
In 3Q 2015, on a QoQ basis, the final non-farm payrolls in France remained steady, compared to an advance of 0.20% in the prior quarter. Market expectation was for non-farm payrolls to climb 0.10%. The preliminary figures had indicated an advance of 0.10%.
French manufacturing production surprisingly dropped in October
On a MoM basis, manufacturing production in France registered an unexpected drop of 0.50% in October, less than market expectations for a rise of 0.10%. In the prior month, manufacturing production had fallen by a revised 0.10%.
Spanish housing price index climbed in 3Q 2015
In 3Q 2015, on a quarterly basis, the housing price index registered a rise of 0.70% in Spain. In the prior quarter, the housing price index had climbed 4.20%.
Swiss National Bank maintained its key interest rate
The Swiss National Bank kept its key interest rate unchanged at -0.75%, at par with market expectations.
US household wealth declined in 3Q 2015
US Federal Reserve has indicated that, in the US, household wealth recorded a drop of $1232.00 billion in 3Q 2015. In the prior quarter, household wealth had advanced by a revised $624.00 billion.
US continuing jobless claims rose unexpectedly in the last week
The seasonally adjusted continuing jobless claims advanced unexpectedly to 2243.00 K in the week ended 28 November 2015, in the US, compared to a reading of 2161.00 K in the previous week. Market expectation was for continuing jobless claims to fall to 2155.00 K.
US initial jobless claims recorded a rise in the last week
The seasonally adjusted initial jobless claims registered a rise to 282.00 K in the week ended 05 December 2015, in the US, compared to market expectations of an advance to 270.00 K. Initial jobless claims had registered a reading of 269.00 K in the prior week.
US import price index dropped less than expected in November
In the US, the import price index dropped 0.40% on a MoM basis in November, lower than market expectations for a fall of 0.80%. In the previous month, the import price index had recorded a revised drop of 0.30%.
US import price index declined less than expected in November
In November, the import price index in the US registered a drop of 9.40% on an annual basis, compared to a revised fall of 10.70% in the prior month. Markets were anticipating the import price index to drop 9.60%.
US export price index declined in November
On a monthly basis, the export price index fell 0.60% in November, in the US. The export price index had fallen 0.20% in the prior month.
US export price index declined in November
In November, on a YoY basis, the export price index in the US slid 6.30%. The export price index had fallen 6.70% in the previous month.
Canadian capacity utilisation recorded a rise in 3Q 2015
Capacity utilisation recorded a rise to 82.00% in 3Q 2015, in Canada, compared to a revised reading of 81.40% in the prior quarter. Markets were anticipating capacity utilisation to climb to a level of 82.00%.
Canadian new housing price index rose more than expected in October
In October, the new housing price index in Canada climbed 0.30% on a monthly basis, higher than market expectations for an advance of 0.10%. The new housing price index had recorded a rise of 0.10% in the prior month.
Canadian new housing price index rose more than expected in October
In October, the new housing price index registered a rise of 1.50% on an annual basis in Canada, higher than market expectations for a rise of 1.30%. The new housing price index had advanced 1.30% in the previous month.
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