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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Key Economic News
UK BBA mortgage approvals slide unexpectedly in November
BBA mortgage approvals fell unexpectedly to a level of 44.96 K in November, in the UK, compared to a revised reading of 45.46 K in the prior month. Market expectation was for BBA mortgage approvals to climb to a level of 46.00 K.
German import price index fell less than expected in November
The import price index eased 3.50% on a YoY basis in November, in Germany, compared to a fall of 4.10% in the prior month. Markets were expecting the import price index to fall 3.70%.
German import price index fell as expected in November
In November, on a MoM basis, the import price index in Germany slid 0.20%, compared to a fall of 0.30% in the previous month. Markets were expecting the import price index to ease 0.20%.
German consumer confidence index recorded an unexpected rise in January
In January, the consumer confidence index in Germany advanced unexpectedly to a level of 9.40, compared to market expectations of a steady reading. In the prior month, the consumer confidence index had registered a reading of 9.30.
Swiss exports slid in November
Exports in Switzerland registered a drop of 2.10% on a monthly basis, in November. In the previous month, exports had recorded a revised rise of 6.20%.
Swiss trade surplus registered a drop in November
Trade surplus in Switzerland fell to CHF 3.14 billion in November. Switzerland had registered a revised trade surplus of CHF 4.09 billion in the prior month.
Swiss imports registered a rise in November
On a monthly basis, imports recorded a rise of 0.20% in Switzerland, in November. Imports had advanced by a revised 4.00% in the previous month.
US GDP price index rose as expected in 3Q 2015
On a quarterly basis, the final gross domestic product price index registered a rise of 1.30% in the US, in 3Q 2015, compared to a rise of 2.10% in the previous quarter. Markets were expecting the GDP price index to climb 1.30%. The preliminary figures had also recorded a rise of 1.30%.
US Dallas Fed manufacturing business index registered a drop in December
In the US, the Dallas Fed manufacturing business index dropped to -20.10 in December, higher than market expectations of a fall to -7.00. In the previous month, the Dallas Fed manufacturing business index had registered a level of -4.90.
US initial jobless claims dropped in the last week
The seasonally adjusted initial jobless claims in the US dropped to 267.00 K in the week ended 19 December 2015, lower than market expectations of a drop to a level of 270.00 K. Initial jobless claims had registered a revised reading of 272.00 K in the prior week.
US housing price index advanced as expected in October
The housing price index recorded a rise of 0.50% on a monthly basis in the US in October, in line with market expectations. In the prior month, the housing price index had climbed by a revised 0.70%.
US continuing jobless claims fell in the last week
The seasonally adjusted continuing jobless claims eased to 2195.00 K in the week ended 12 December 2015, in the US, compared to a revised reading of 2242.00 K in the prior week. Market expectation was for continuing jobless claims to drop to 2200.00 K.
US existing home sales unexpectedly eased in November
In November, existing home sales in the US unexpectedly eased by 10.50%, on MoM basis, to a level of 4.76 million, compared to market expectations of 5.35 million. In the prior month, existing home sales had registered a revised level of 5.32 million.
US annualized GDP rose more than expected in 3Q 2015
The final annualized gross domestic product advanced 2.00% on a quarterly basis in 3Q 2015, in the US, higher than market expectations for a rise of 1.90%. In the previous quarter, the annualized GDP had advanced 3.90%. The preliminary figures had recorded an advance of 2.10%.
US Redbook index fell in the last week
The seasonally adjusted Redbook index recorded a drop of 0.70% on a monthly basis, in the week ended 18 December 2015, in the US. The Redbook index had fallen 0.80% in the prior week.
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 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.
Japanese industrial production dropped more than expected in November
On a MoM basis, the preliminary industrial production dropped 1.00% in November, in Japan, compared to a rise of 1.40% in the previous month. Market anticipation was for industrial production to ease 0.50%.
Japanese coincident index registered a rise in October
In Japan, the final coincident index recorded a rise to 113.30 in October, compared to a level of 112.30 in the previous month. The preliminary figures had indicated an advance to 114.30.
Japanese retail trade declined more than expected in November
Retail trade fell 2.50% on a monthly basis in Japan, in November, higher than market expectations for a fall of 1.40%. In the prior month, retail trade had registered a revised rise of 1.20%.
Japanese retail trade fell more than expected in November
On an annual basis, retail trade eased 1.00% in Japan, in November, compared to an advance of 1.80% in the previous month. Markets were anticipating retail trade to fall 0.10%.
Japanese leading economic index climbed in October
In October, the final leading economic index registered a rise to 104.20 in Japan. In the prior month, the leading economic index had registered a level of 101.60. The preliminary figures had indicated an advance to 102.90.
Japanese housing starts rose more than expected in November
Housing starts recorded a rise of 1.70% on a YoY basis in Japan, in November, compared to a drop of 2.50% in the prior month. Markets were anticipating housing starts to climb 0.60%.
Japanese large retailer’s sales registered a drop in November
Large retailer’s sales recorded a drop of 1.50% on a MoM basis in Japan, in November. Large retailer’s sales had risen 2.90% in the previous month.
Japanese annualized housing starts climbed in November
The annualized housing starts in Japan recorded a rise to 0.89 mn units in November, meeting market expectations. In the previous month, the annualized housing starts had recorded a level of 0.86 mn units.
Japanese construction orders advanced in November
In November, on an annual basis, construction orders advanced 5.70% in Japan. Construction orders had dropped 25.20% in the prior month.
Japanese industrial production rose as expected in November
The flash industrial production rose 1.60% on an annual basis in November, in Japan, compared to a fall of 1.40% in the prior month. Market expectation was for industrial production to advance 1.60%.
Japanese vehicle production advanced in November
Vehicle production in Japan climbed 6.00% on a YoY basis, in November. Vehicle production had recorded a drop of 0.50% in the previous month.
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