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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index rose more than expected in January
On a MoM basis, the Halifax house price index registered a rise of 1.70% in the UK, in January, more than market expectations for a rise of 0.10%. The Halifax house price index had climbed by a revised 2.00% in the previous month.
UK Halifax house price index advanced more than expected in the November-January 2016 period
In the November-January 2016 period, the Halifax house price index climbed 9.70% in the UK on an annual basis, compared to a rise of 9.50% in the October-December 2015 period. Markets were expecting the Halifax house price index to climb 9.00%.
BoE unanimously held rates amid growth slowdown
The Bank of England’s (BoE) monetary policy committee (MPC) voted 9-0 to keep interest rates on hold at a record low of 0.5%, where they have been for almost seven years. The MPC member, Ian McCafferty, who had previously voted for an increase for six straight months, unexpectedly dropped his call in this meeting, citing a temporary weaker wages outlook. The BoE slashed its growth forecasts to 2.2% from 2.5% for 2016, but the central bank Governor stated that officials still expected the next move in interest rates to be upwards.
UK new car registrations recorded a rise in January
On a YoY basis, new car registrations in the UK rose 2.90% in January. In the previous month, new car registrations had registered a rise of 8.40%.
Swiss SECO consumer climate climbed in 4Q 2015
The SECO consumer climate climbed to -14.00 in 4Q 2015, in Switzerland, compared to market expectations of an advance to -15.00. In the previous quarter, the SECO consumer climate had registered a reading of -18.00.
Swiss UBS real estate bubble index rose in 4Q 2015
In 4Q 2015, the UBS real estate bubble index in Switzerland recorded a rise to 1.41. In the previous quarter, the UBS real estate bubble index had recorded a revised reading of 1.34.
US number of planned layoffs by US companies advanced in January
On a YoY basis, the number of planned layoffs by US companies advanced 41.60% in the US, in January. The number of planned layoffs by US companies had fallen 27.60% in the prior month.
US continuing jobless claims recorded a drop in the last week
The seasonally adjusted continuing jobless claims dropped to 2255.00 K in the US, in the week ended 23 January 2016, higher than market expectations of a fall to a level of 2240.00 K. Continuing jobless claims had recorded a revised reading of 2273.00 K in the prior week.
US non-defense capital goods shipments (ex aircraft) advanced in December
In the US, the final non-defense capital goods shipments (ex aircraft) recorded a rise of 0.20% on a monthly basis, in December. The non-defense capital goods shipments (ex aircraft) had recorded a revised drop of 1.10% in the prior month. The preliminary figures had recorded a fall of 0.20%.
US durable goods orders (ex transportation) registered a drop in December
In the US, the final durable goods orders (ex transportation) eased 1.00% in December, on a MoM basis. Durable goods orders (ex transportation) had dropped by a revised 0.50% in the previous month. The preliminary figures had recorded a drop of 1.20%.
US unit labour costs in non-farm businesses advanced more than expected in 4Q 2015
In 4Q 2015, the flash unit labour costs in non-farm businesses advanced 4.50% on a QoQ basis in the US, compared to an advance of 1.80% in the previous quarter. Market expectation was for the unit labour costs in non-farm businesses to advance 4.30%.
US durable goods orders dropped less than expected in December
US Census Bureau has indicated that, on a monthly basis in the US, the final durable goods orders fell 4.30% in December, less than market expectations for a drop of 4.50%. The preliminary figures had recorded a drop of 0.90%. In the previous month, durable goods orders had registered a revised drop of 0.50%.
US initial jobless claims advanced surprisingly in the last week
In the US, the seasonally adjusted initial jobless claims climbed unexpectedly to 285.00 K in the week ended 30 January 2016, compared to market expectations of an unchanged reading. In the previous week, initial jobless claims had registered a revised reading of 277.00 K.
US non-defense capital goods orders (ex aircraft) recorded a drop in December
The final non-defense capital goods orders (ex aircraft) slid 4.30% on a monthly basis, in December. In the prior month, the non-defense capital goods orders (ex aircraft) had fallen by a revised 1.10%. The preliminary figures had also recorded a fall of 4.30%.
US non-farm business productivity dropped more than expected in 4Q 2015
In 4Q 2015, the flash non-farm business productivity in the US recorded a drop of 3.00% on a quarterly basis, more than market expectations for a fall of 2.00%. In the previous quarter, the non-farm business productivity had risen 2.20%.
US factory orders dropped more than expected in December
In December, factory orders eased 2.90% on a MoM basis in the US, compared to a revised fall of 0.70% in the prior month. Market expectation was for factory orders to fall 2.80%.
Japanese foreign exchange reserves rose in January
In January, foreign exchange reserves in Japan registered a rise to $1248.10 billion. In the prior month, foreign exchange reserves had registered a level of $1233.20 billion.
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