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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK business barometer recorded a rise in October
The business barometer in the UK rose to a level of 37.00 in October, compared to a reading of 24.00 in the prior month.
Euro-zone economic sentiment indicator advanced surprisingly in October
In October, the economic sentiment indicator registered an unexpected rise to a level of 106.30 in the Euro-zone, compared to a reading of 104.90 in the prior month. Markets were expecting the economic sentiment indicator to record a flat readinga.
Euro-zone business climate indicator climbed in October
In the Euro-zone, the business climate indicator climbed to 0.55 in October, compared to a revised level of 0.44 in the previous month. Market expectation was for the business climate indicator to rise to a level of 0.46.
Euro-zone industrial confidence index advanced in October
The industrial confidence index recorded a rise to -0.60 in the Euro-zone, in October, compared to market expectations of a rise to a level of -1.60. The industrial confidence index had registered a revised level of -1.80 in the previous month.
Euro-zone consumer confidence index climbed in October
The final consumer confidence index registered a rise to -8.00 in the Euro-zone, in October, in line with market expectations. The preliminary figures had also indicated an advance to -8.00. In the prior month, the consumer confidence index had recorded a level of -8.20.
Euro-zone services sentiment indicator registered an unexpected rise in October
In the Euro-zone, the services sentiment indicator climbed unexpectedly to a level of 12.00 in October, compared to a reading of 10.00 in the prior month. Markets were anticipating the services sentiment indicator to record a flat reading.
German CPI advanced as expected in October
The preliminary consumer price index (CPI) rose 0.80% on an annual basis in Germany, in October, meeting market expectations. The CPI had risen 0.70% in the prior month.
German CPI advanced as expected in October
In October, on a MoM basis, the preliminary CPI in Germany recorded a rise of 0.20%, compared to a rise of 0.10% in the previous month. Markets were anticipating the CPI to climb 0.20%.
German HICP advanced as expected in October
In October, the flash harmonised consumer price index (HICP) in Germany climbed 0.70% on an annual basis, at par with market expectations. The HICP had registered a rise of 0.50% in the previous month.
German HICP advanced more than expected in October
In October, on a MoM basis, the preliminary HICP advanced 0.20% in Germany, more than market expectations for a rise of 0.10%. In the previous month, the HICP had recorded a flat reading.
French EU normalised CPI advanced less than expected in October
In France, the flash EU normalised CPI climbed 0.10% on a monthly basis in October, lower than market expectations for an advance of 0.20%. EU normalised CPI had dropped 0.20% in the prior month.
French GDP advanced less than expected in 3Q 2016
The preliminary gross domestic product (GDP) in France recorded a rise of 0.20% on a quarterly basis in 3Q 2016, lower than market expectations for a rise of 0.30%. In the prior quarter, GDP had recorded a drop of 0.10%.
French GDP rose less than expected in 3Q 2016
The preliminary gross domestic product (GDP) advanced 1.10% on an annual basis in France, in 3Q 2016, compared to a rise of 1.30% in the previous quarter. Market expectation was for GDP to rise 1.20%.
French CPI (ex-tobacco) remained steady in October
The preliminary CPI (ex-tobacco) remained unchanged in France on a monthly basis, in October. The CPI (ex-tobacco) had fallen 0.20% in the previous month.
French PPI registered a rise in September
In France, the producer price index (PPI) recorded a rise of 0.10% in September on a monthly basis. In the prior month, the PPI had recorded a flat reading.
French consumer spending surprisingly fell in September
In France, consumer spending unexpectedly dropped 0.20% on a monthly basis in September, compared to a revised rise of 0.80% in the previous month. Market expectation was for consumer spending to rise 0.30%.
Spanish HICP index rose more than expected in October
In October, the flash HICP index advanced 0.80% on a MoM basis in Spain, compared to a rise of 0.70% in the previous month. Market expectation was for the HICP index to rise 0.60%.
Spanish CPI rose more than expected in October
The flash CPI registered a rise of 0.70% in Spain on a YoY basis in October, more than market expectations for an advance of 0.30%. In the previous month, the CPI had climbed 0.20%.
Spanish GDP advanced more than expected in 3Q 2016
In Spain, the flash GDP climbed 3.20% on a YoY basis in 3Q 2016, higher than market expectations for a rise of 3.10%. In the previous quarter, GDP had registered a similar rise.
Spanish CPI advanced more than expected in October
In October, the preliminary CPI in Spain rose 1.10% on a MoM basis, higher than market expectations for a rise of 0.80%. In the prior month, the CPI had recorded a flat reading.
Spanish HICP index advanced more than expected in October
In October on an annual basis, the preliminary HICP index in Spain advanced 0.50%, more than market expectations for an advance of 0.30%. In the previous month, the HICP index had registered an unchanged reading.
Spanish GDP advanced as expected in 3Q 2016
On a QoQ basis in 3Q 2016, the preliminary GDP rose 0.70% in Spain, at par with market expectations. In the prior quarter, GDP had advanced 0.80%.
Swiss KOF economic barometer advanced in October
In Switzerland, the KOF economic barometer rose to a level of 104.70 in October, higher than market expectations of a rise to 101.80. In the prior month, the KOF economic barometer had registered a revised reading of 101.60.
US annualised GDP advanced more than expected in 3Q 2016
On a quarterly basis in 3Q 2016, the flash annualised gross domestic product registered a rise of 2.90% in the US, more than market expectations for an advance of 2.60%. In the previous quarter, the annualised GDP had risen 1.40%.
US Reuters/Michigan consumer sentiment index fell in October
The final Reuters/Michigan consumer sentiment index in the US eased to 87.20 in October, compared to market expectations of a drop to a level of 88.20. The preliminary figures had recorded a drop to 87.90. In the previous month, the Reuters/Michigan consumer sentiment index had recorded a reading of 91.20.
US personal consumption rose less than expected in 3Q 2016
On a QoQ basis, in 3Q 2016, the preliminary personal consumption rose 2.10% in the US, lower than market expectations for a rise of 2.60%. Personal consumption had recorded a rise of 4.30% in the previous quarter.
US core personal consumption expenditure advanced more than expected in 3Q 2016
In 3Q 2016, on a QoQ basis, the preliminary core personal consumption expenditure in the US recorded a rise of 1.70%, compared to a rise of 1.80% in the prior quarter. Markets were anticipating core personal consumption expenditure to climb 1.60%.
US GDP price index rose more than expected in 3Q 2016
On a QoQ basis, in the US, the flash gross domestic product price index registered a rise of 1.50% in 3Q 2016, more than market expectations for an advance of 1.40%. The GDP price index had climbed 2.30% in the prior quarter.
US employment cost index advanced as expected in 3Q 2016
On a QoQ basis, in the US, the employment cost index climbed 0.60% in 3Q 2016, meeting market expectations. The employment cost index had registered a similar rise in the prior quarter.
Japanese industrial production advanced less than expected in September
In September, the preliminary industrial production climbed 0.90% in Japan on an annual basis, lower than market expectations for a rise of 1.90%. In the previous month, industrial production had recorded a rise of 4.50%.
Japanese retail trade remained steady in September
On a monthly basis, retail trade remained flat in September, in Japan, compared to a revised drop of 1.20% in the previous month. Market anticipation was for retail trade to rise 0.20%.
Japanese large retailer’s sales declined more than expected in September
Large retailer’s sales dropped 3.20% on a monthly basis in Japan in September, higher than market expectations for a fall of 2.70%. In the previous month, large retailer’s sales had recorded a drop of 3.60%.
Japanese vehicle production registered a rise in September
Vehicle production in Japan rose 1.40% in September on a YoY basis. Vehicle production had risen 8.80% in the prior month.
Japanese retail trade declined more than expected in September
Retail trade slid 1.90% on a YoY basis in September, in Japan, more than market expectations for a fall of 1.80%. In the previous month, retail trade had fallen by a revised 2.20%.
Japanese industrial production remained unchanged in September
The flash industrial production remained flat in Japan on a MoM basis in September, compared to a rise of 1.30% in the previous month. Market anticipation was for industrial production to climb 0.90%.
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