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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK index of services rose more than expected in August
On a monthly basis, the index of services advanced 0.20% in August, in the UK, higher than market expectations for a rise of 0.10%. The index of services had registered a rise of 0.40% in the prior month.
UK GDP advanced more than expected in 3Q 2016
In 3Q 2016, the flash gross domestic product (GDP) advanced 2.30% in the UK on a YoY basis, compared to a rise of 2.10% in the previous quarter. Markets were anticipating GDP to climb 2.10%.
UK index of services rose as expected in August
On a monthly basis, in August, the index of services climbed 0.80% in the UK, meeting market expectations. The index of services had risen 0.60% in the May-July 2016 period.
UK CBI distributive trade survey’s retail sales balance advanced in October
In the UK, the CBI distributive trade survey’s retail sales balance advanced to 21.00% in October, compared to a level of 8.00% in the previous month. Markets were expecting the CBI distributive trade survey’s retail sales balance to rise to a level of 2.00%.
UK GDP advanced more than expected in 3Q 2016
The preliminary gross domestic product (GDP) advanced 0.50% on a QoQ basis in 3Q 2016, in the UK, more than market expectations for a rise of 0.30%. GDP had risen 0.70% in the previous quarter.
Euro-zone M3 money supply rose less than expected in September
In September, M3 money supply in the Euro-zone registered a rise of 5.00% on an annual basis, less than market expectations for an advance of 5.10%. In the previous month, M3 money supply had risen 5.10%.
Euro-zone private sector loans registered a rise in September
In the Euro-zone, private sector loans registered a rise of 1.80% in September on a YoY basis. Private sector loans had registered a similar rise in the previous month.
Euro-zone three-month average of M3 money supply registered a rise in the July-September 2016 period
On an annual basis, the three-month average of M3 money supply rose 5.00% in the Euro-zone, in the July-September 2016 period. The three-month average of M3 money supply had registered a similar rise in the June-August 2016 period.
Italian annual wage inflation remained steady in September
In Italy, the annual wage inflation remained flat at a level of 0.60% in September.
Italian wage inflation remained steady in September
The wage inflation remained unchanged at a level of 0.00% in September, in Italy.
Italian business confidence index climbed in October
The business confidence index recorded a rise to 103.00 in Italy, in October, compared to a revised level of 102.10 in the previous month. Market expectation was for the business confidence index to rise to 102.20.
Italian consumer confidence index slid unexpectedly in October
In October, the consumer confidence index registered an unexpected drop to a level of 108.00 in Italy, compared to market expectations of a steady reading. In the prior month, the consumer confidence index had registered a revised level of 108.60.
Spanish unemployment rate (survey) recorded a drop in 3Q 2016
Unemployment rate (survey) in Spain registered a drop to 18.90% in 3Q 2016, compared to market expectations of a fall to a level of 19.30%. In the previous quarter, unemployment rate (survey) had recorded a level of 20.00%.
Swiss UBS consumption indicator recorded a rise in September
UBS consumption indicator in Switzerland rose to a level of 1.59 in September. UBS consumption indicator had registered a level of 1.53 in the prior month.
US durable goods orders (ex transportation) rose as expected in September
In September, the flash durable goods orders (ex transportation) registered a rise of 0.20% in the US on a MoM basis, compared to a drop of 0.20% in the previous month. Markets were anticipating durable goods orders (ex transportation) to climb 0.20%.
US durable goods orders unexpectedly slid in September
In September, on a MoM basis, the preliminary durable goods orders in the US recorded an unexpected drop of 0.10%, less than market expectations for an unchanged reading. Durable goods orders had registered a rise of 0.10% in the previous month.
US pending home sales advanced less than expected in September
In the US, pending home sales rose 2.00% in September on a YoY basis, less than market expectations for an advance of 4.00%. Pending home sales had risen by a revised 3.90% in the prior month.
US initial jobless claims declined in the last week
In the US, the seasonally adjusted initial jobless claims dropped to 258.00 K in the week ended 22 October 2016, compared to a revised level of 261.00 K in the previous week. Market expectation was for initial jobless claims to ease to a level of 256.00 K.
US non-defence capital goods orders (ex aircraft) dropped more than expected in September
In September, on a MoM basis, the flash non-defence capital goods orders (ex aircraft) in the US slid 1.20%, higher than market expectations for a fall of 0.10%. The non-defence capital goods orders (ex aircraft) had climbed 0.90% in the previous month.
US continuing jobless claims dropped in the last week
The seasonally adjusted continuing jobless claims recorded a drop to 2039.00 K in the US, in the week ended 15 October 2016, lower than market expectations of a fall to 2052.00 K. Continuing jobless claims had recorded a revised level of 2054.00 K in the prior week.
US Kansas City Fed manufacturing activity index remained flat in October
In the US, the Kansas City Fed manufacturing activity index remained flat at 6.00 in October, higher than market expectations of a fall to 3.00.
US non-defence capital goods shipments (ex aircraft) rose as expected in September
In September, the flash non-defence capital goods shipments (ex aircraft) registered a rise of 0.30% in the US on a MoM basis, in line with market expectations. The non-defence capital goods shipments (ex aircraft) had fallen 0.10% in the prior month.
US pending home sales advanced more than expected in September
In September, pending home sales rose 1.50% on a MoM basis in the US, higher than market expectations for an advance of 1.00%. In the prior month, pending home sales had registered a revised drop of 2.50%.
Japanese Tokyo CPI excluding food and energy unexpectedly climbed in October
On a YoY basis, Tokyo CPI excluding food and energy in Japan unexpectedly climbed 0.10% in October, higher than market expectations for a drop of 0.10%. In the previous month, Tokyo CPI excluding food and energy had recorded a drop of 0.10%.
Japanese job to applicant ratio advanced in September
Job to applicant ratio recorded a rise to 1.38 in September, in Japan, compared to a reading of 1.37 in the previous month. Markets were expecting job to applicant ratio to advance to 1.38.
Japanese unemployment rate eased unexpectedly in September
Unemployment rate eased unexpectedly to a level of 3.00% in Japan, in September, compared to market expectations of a steady reading. Unemployment rate had recorded a reading of 3.10% in the previous month.
Japanese Tokyo CPI excluding fresh food dropped less than expected in October
In October, on an annual basis, Tokyo CPI excluding fresh food in Japan registered a drop of 0.40%, less than market expectations for a drop of 0.50%. Tokyo CPI excluding fresh food had dropped 0.50% in the previous month.
Japanese National CPI ex-fresh food declined as expected in September
National CPI ex-fresh food in Japan fell 0.50% in September on a YoY basis, in line with market expectations. National CPI ex-fresh food had registered a similar fall in the previous month.
Japanese National CPI ex-food, energy remained flat in September
On a YoY basis in Japan, National CPI ex-food, energy remained unchanged in September, compared to a rise of 0.20% in the prior month. Market expectation was for National CPI ex-food, energy to climb 0.10%.
Japanese national CPI declined as expected in September
In September, the national consumer price index (CPI) recorded a drop of 0.50% on a YoY basis in Japan, in line with market expectations. In the previous month, the national CPI had registered a similar fall.
Japanese Tokyo CPI remained steady in October
In October, Tokyo CPI in Japan remained flat on an annual basis, higher than market expectations for a fall of 0.40%. Tokyo CPI had registered a drop of 0.50% in the previous month.
Japanese household spending declined less than expected in September
On a YoY basis, household spending dropped 2.10% in September, in Japan, less than market expectations for a drop of 2.70%. In the prior month, household spending had registered a drop of 4.60%.
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