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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK visible trade deficit expanded in August
The UK has posted visible trade deficit of £12.11 billion in August, compared to a revised visible trade deficit of £9.51 billion in the prior month. Markets were anticipating the nation to register a visible trade deficit of £11.25 billion.
UK Halifax house price index rose less than expected in the July-September 2016 period
On a YoY basis, in the July-September 2016 period, the Halifax house price index rose 5.80% in the UK, less than market expectations for a rise of 5.90%. The Halifax house price index had advanced 6.90% in the June-August 2016 period.
UK manufacturing production advanced less than expected in August
In August, manufacturing production climbed 0.20% in the UK, on a monthly basis, lower than market expectations for a rise of 0.40%. Manufacturing production had recorded a drop of 0.90% in the previous month.
UK total trade deficit rose in August
Total trade deficit in the UK rose to £4.73 billion in August, compared to a revised total trade deficit of £2.20 billion in the prior month. Market expectation was for the nation to register a total trade deficit of £4.00 billion.
UK industrial production advanced less than expected in August
Industrial production in the UK rose 0.70% on a YoY basis in August, lower than market expectations for an advance of 1.30%. In the prior month, industrial production had risen 2.10%.
UK Halifax house price index unexpectedly climbed in September
The Halifax house price index unexpectedly climbed 0.10% in the UK, on a monthly basis in September, more than market expectations for a steady reading. In the previous month, the Halifax house price index had recorded a revised drop of 0.30%.
UK NIESR estimated GDP advanced in the July-September 2016 period
NIESR estimated gross domestic product (GDP) in the UK climbed 0.40% on a monthly basis, in the July-September 2016 period. NIESR estimated GDP had climbed by a revised 0.50% in the June-August 2016 period.
UK industrial production unexpectedly slid in August
In August, industrial production in the UK registered an unexpected drop of 0.40% on a monthly basis, compared to an advance of 0.10% in the previous month. Market anticipation was for industrial production to advance 0.10%.
UK manufacturing production advanced less than expected in August
In the UK, manufacturing production recorded a rise of 0.50% in August on an annual basis, compared to a revised rise of 0.70% in the previous month. Market anticipation was for manufacturing production to rise 0.80%.
UK trade deficit rose in August
Non-EU trade deficit in the UK expanded to £3.76 billion in August, more than market expectations of a trade deficit of £3.70 billion. The UK had posted a revised trade deficit of £2.22 billion in the previous month.
German industrial production advanced more than expected in August
In August, the non-seasonally & working day adjusted industrial production in Germany advanced 1.90% on an annual basis, compared to a revised drop of 1.30% in the prior month. Market expectation was for industrial production to climb 0.40%.
German industrial production advanced more than expected in August
In August, the seasonally adjusted industrial production in Germany registered a rise of 2.50% on a monthly basis, more than market expectations for an advance of 1.00%. Industrial production had recorded a drop of 1.50% in the prior month.
French current account deficit fell in August
Current account deficit in France fell to €2.10 billion in August, following a revised current account deficit of €2.90 billion in the prior month.
French imports recorded a rise in August
Imports registered a rise to €42.33 billion in France, in August. Imports had registered a revised reading of €41.57 billion in the prior month.
French manufacturing production advanced more than expected in August
Manufacturing production rose 2.20% on a monthly basis in France, in August, higher than market expectations for an advance of 0.30%. In the previous month, manufacturing production had recorded a revised drop of 0.20%.
French budget deficit rose in August
Budget deficit in France widened to €96.00 billion in August, following a budget deficit of €80.80 billion in the prior month.
French industrial production advanced more than expected in August
In August on a MoM basis, industrial production in France recorded a rise of 2.10%, higher than market expectations for a rise of 0.60%. In the previous month, industrial production had registered a revised drop of 0.50%.
French trade deficit dropped in August
Trade deficit in France fell to €4.25 billion in August, compared to a revised trade deficit of €4.26 billion in the prior month. Markets were expecting the nation to register a trade deficit of €3.85 billion.
French exports recorded a rise in August
Exports recorded a rise to €38.07 billion in August, in France. In the prior month, exports had recorded a revised level of €37.31 billion.
Spanish calendar adjusted industrial output rose more than expected in August
In August on a YoY basis, the calendar adjusted industrial output in Spain rose 4.00%, more than market expectations for an advance of 1.60%. In the previous month, the calendar adjusted industrial output had registered a revised rise of 0.40%.
Swiss foreign currency reserves advanced in September
In September, foreign currency reserves in Switzerland registered a rise to CHF 628.00 billion, compared to market expectations of an advance to a level of CHF 630.00 billion. In the previous month, foreign currency reserves had recorded a revised reading of CHF 626.90 billion.
Manufacturing payrolls in the US slid in September
In the US, manufacturing payrolls dropped by 13.00 K in September, higher than market anticipations of a decline of 4.00 K. Manufacturing payrolls had recorded a revised fall of 16.00 K in the previous month.
US wholesale inventories fell more than expected in August
In the US, the seasonally adjusted final wholesale inventories recorded a drop of 0.20% on a monthly basis in August, more than market expectations for a fall of 0.10%. In the previous month, the wholesale inventories had dropped by a revised 0.10%. The preliminary figures had indicated a drop of 0.10%.
US average weekly hours of all employees advanced in September
Average weekly hours of all employees recorded a rise to 34.40 in September, in the US, compared to a reading of 34.30 in the previous month. Market anticipation was for average weekly hours of all employees to advance to 34.40.
US average hourly earnings of all employees rose less than expected in September
In the US, average hourly earnings of all employees rose 0.20% on a monthly basis in September, compared to a rise of 0.10% in the previous month. Market anticipation was for average hourly earnings of all employees to climb 0.30%.
Non-farm payrolls in the US advanced in September
Non-farm payrolls in the US advanced by 156.00 K in September, compared to a revised gain of 167.00 K in the prior month. Markets were anticipating non-farm payrolls to rise 172.00 K.
US unemployment rate advanced surprisingly in September
Unemployment rate advanced unexpectedly to a level of 5.00% in September, in the US, compared to market expectations of a steady reading. Unemployment rate had registered a level of 4.90% in the prior month.
Household employment in the US climbed in September
Household employment advanced by 354.00 K in the US, in September. Household employment had recorded a gain of 97.00 K in the previous month.
Private payrolls in the US climbed in September
In the US, private payrolls advanced by 167.00 K in September, following a revised increase of 144.00 K in the previous month. Markets were expecting private payrolls to rise 170.00 K.
US underemployment rate steadied in September
Underemployment rate remained unchanged at a level of 9.70% in the US, in September.
US average hourly earnings of all employees rose as expected in September
Average hourly earnings of all employees in the US climbed 2.60% in September on a YoY basis, meeting market expectations. Average hourly earnings of all employees had advanced 2.40% in the previous month.
US consumer credit advanced more than expected in August
Consumer credit in the US registered a rise of $25.87 billion in August, higher than market expectations for a rise of $16.50 billion. In the prior month, consumer credit had recorded a revised rise of $17.78 billion.
Net number of people employed in Canada advanced in September
The net number of people employed recorded an increase of 67.20 K in Canada, in September, more than market anticipations of an advance of 7.50 K. The net number of people employed had registered a gain of 26.20 K in the previous month.
Number of full time employment in Canada recorded an increase in September
The number of full time employment climbed by 23.00 K in Canada, in September. The number of full time employment had registered a gain of 52.20 K in the prior month.
Canadian Ivey PMI rose in September
In Canada, the seasonally adjusted Ivey PMI advanced to 58.40 in September, compared to a reading of 52.30 in the prior month. Markets were expecting Ivey PMI to climb to 53.10.
Part time employment in Canada registered a rise in September
In Canada, part time employment climbed by 44.10 K in September, following a fall of 26.00 K in the prior month.
Canadian unemployment rate remained flat in September
The unemployment rate in Canada remained unchanged at 7.00% in September. Market anticipation was for the unemployment rate to record a steady reading.
Canadian participation rate recorded an unexpected rise in September
In Canada, the participation rate climbed unexpectedly to 65.70% in September, higher than market expectations of a steady reading. The participation rate had registered a reading of 65.50% in the prior month.
Canada’s overall business lending conditions tightened in 3Q 2016
Overall business lending conditions in Canada tightened during the 3Q 2016, with the reading coming in at 3.30 from a reading of 23.90 in the previous quarter.
Canadian Ivey PMI climbed in September
In Canada, the non-seasonally adjusted Ivey PMI recorded a rise to 68.10 in September, compared to a level of 53.80 in the prior month.
Japanese leading economic index advanced in August
Compared to a reading of 100.00 in the prior month the flash leading economic index climbed to 101.20 in Japan, in August. Market anticipation was for the leading economic index to rise to a level of 101.60.
Japanese coincident index slid in August
Cabinet Office of Japan has reported that compared to a level of 112.10 in the previous month the flash coincident index fell to a level of 112.00 in Japan, in August. Market anticipation was for the coincident index to drop to a level of 111.80.
Chinese Caixin composite PMI recorded a drop in September
In September, Caixin composite PMI in China fell to a level of 51.40. Caixin composite PMI had recorded a reading of 51.80 in the prior month.
Chinese Caixin/Markit services PMI index registered a drop in September
The Caixin/Markit services PMI index dropped to 52.00 in China, in September. The Caixin/Markit services PMI index had registered a reading of 52.10 in the prior month.
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