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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Key Economic News
UK public sector net borrowing recorded a surplus in November
The public sector net borrowing has reported a surplus of £13.60 billion in November, in the UK, as compared to a revised surplus of £6.70 billion in the prior month. Market expectation was for public sector net borrowing to announce a surplus of £11.10 billion.
UK public sector net borrowing recorded a surplus in November
In the UK, in November, the public sector net borrowing (excluding temporary effects of financial interventions) has posted a surplus £14.20 billion, from a revised surplus of £7.40 billion in the prior month. Markets were anticipating public sector net borrowing to report a surplus of £11.80 billion.
UK public sector net cash requirement recorded a surplus in November
In the UK, in November, public finances (public sector net cash requirement) has reported a surplus £5.40 billion, as compared to a revised deficit of £3.80 billion in the previous month.
German import price index dropped as expected in November
In November, the import price index in Germany dropped 0.20% on a monthly basis, compared to a drop of 0.30% in the previous month. Markets were anticipating the import price index to ease 0.20%.
German GfK consumer confidence index registered an unexpected rise in January
The GfK consumer confidence index in Germany advanced unexpectedly to 9.40 in January, higher than market expectations of a steady reading. In the prior month, the consumer confidence index had registered a reading of 9.30.
German import price index declined less than expected in November
In Germany, the import price index fell 3.50% on an annual basis in November, less than market expectations for a drop of 3.70%. In the prior month, the import price index had fallen 4.10%.
Swiss trade surplus dropped in November
Trade surplus in Switzerland narrowed to CHF 3.14 billion in November. Switzerland had posted a revised trade surplus of CHF 4.09 billion in the prior month.
Swiss exports recorded a drop in November
On a monthly basis, exports slid 2.10% in November, in Switzerland. In the previous month, exports had climbed by a revised 6.20%.
Swiss imports climbed in November
The imports advanced 0.20% on a MoM basis in Switzerland, in November. Imports had registered a revised rise of 4.00% in the prior month.
US Redbook index fell in the last week
On a MoM basis, the seasonally adjusted Redbook index recorded a drop of 0.70% in the US, in the week ended 18 December 2015. In the prior week, the Redbook index had dropped 0.80%.
US Richmond Fed manufacturing index rose in December
In December, the Richmond Fed manufacturing index in the US climbed to 6.00, compared to a reading of -3.00 in the previous month. Markets were expecting the Richmond Fed manufacturing index to rise to a level of -1.00.
US existing home sales unexpectedly slid in November
Existing home sales unexpectedly eased by 10.50%, on monthly basis, to a level of 4.76 million in the US, in November, lower than market expectations of 5.35 million. In the prior month, existing home sales had recorded a revised level of 5.32 million.
US Redbook index advanced in the last week
In the week ended 18 December 2015, on a YoY basis, the Redbook index recorded a rise of 2.10% in the US. The Redbook index had risen 1.50% in the prior week.
US core personal consumption expenditure advanced more than expected in 3Q 2015
On a QoQ basis in 3Q 2015, the final core personal consumption expenditure recorded a rise of 1.40% in the US, more than market expectations for a rise of 1.30%. Core personal consumption expenditure had recorded a rise of 1.90% in the prior quarter. The preliminary figures had indicated a rise of 1.90%.
US annualised GDP advanced more than expected in 3Q 2015
The final annualised gross domestic product (GDP) in the US rose 2.00% in 3Q 2015 on a quarterly basis, compared to a rise of 3.90% in the previous quarter. The preliminary figures had indicated an advance of 2.10%. Market expectation was for the annualized GDP to rise 1.90%.
US GDP price index advanced as expected in 3Q 2015
On a quarterly basis, the final GDP price index in the US climbed 1.30% in 3Q 2015, in line with market expectations. The preliminary figures had also indicated a rise of 1.30%. The GDP price index had advanced 2.10% in the previous quarter.
US personal consumption rose more than expected in 3Q 2015
In 3Q 2015, on a QoQ basis, the final personal consumption in the US advanced 3.00%, compared to a rise of 3.60% in the prior quarter. The preliminary figures had recorded a rise of 3.60%. Markets were anticipating personal consumption to rise 2.90%.
US housing price index advanced as expected in October
In October, the housing price index climbed 0.50% in the US on a MoM basis, meeting market expectations. In the previous month, the housing price index had recorded a revised rise of 0.70%.
Japanese small business confidence index recorded a drop in December
The small business confidence index registered a drop to 48.30 in Japan, in December, compared to market expectations of a fall to 49.00. In the previous month, the small business confidence index had recorded a level of 49.90.
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