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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK net consumer credit advanced less than expected in September
Net consumer credit rose £1.40 billion in September, in the UK, lower than market expectations for a rise of £1.50 billion. In the prior month, net consumer credit had registered a rise of £1.60 billion.
UK consumer credit climbed in September
In September, seasonally adjusted consumer credit rose £22.00 billion in the UK. Consumer credit had advanced by a revised £21.50 billion in the previous month.
UK M4 money supply climbed in September
On a YoY basis, M4 money supply in the UK climbed 6.20% in September. M4 money supply had risen 5.40% in the previous month.
UK number of mortgage approvals for house purchases advanced in September
Compared to a revised reading of 61.00 K in the prior month number of mortgage approvals for house purchases in the UK registered a rise to 62.90 K in September. Market expectation was for number of mortgage approvals for house purchases to climb to a level of 61.50 K.
UK M4 Ex-IOFCs 3M annualised rose in September
In the UK, M4 Ex-IOFCs 3M annualised registered a rise of 10.00% in September on a MoM basis. In the prior month, M4 Ex-IOFCs 3M annualised had advanced by a revised 11.20%.
UK net lending secured on dwellings rose more than expected in September
Net lending secured on dwellings in the UK registered a rise of £3.20 billion in September, compared to a revised advance of £3.10 billion in the prior month. Market expectation was for net lending secured on dwellings to rise £3.00 billion.
UK M4 money supply dropped in September
In the UK, M4 money supply eased 0.40% on a MoM basis, in September. In the prior month, M4 money supply had advanced by a revised 1.00%.
Euro-zone core CPI rose as expected in October
In October, on a YoY basis, the flash core consumer price index (CPI) registered a rise of 0.80% in the Euro-zone, at par with market expectations. The core CPI had registered a similar rise in the previous month.
Euro-zone GDP rose as expected in 3Q 2016
In 3Q 2016, the seasonally adjusted flash gross domestic product (GDP) registered a rise of 1.60% on an annual basis in the Euro-zone, meeting market expectations. In the previous quarter, GDP had registered a similar rise.
Euro-zone GDP advanced as expected in 3Q 2016
The seasonally adjusted flash GDP climbed 0.30% on a QoQ basis in 3Q 2016, in the Euro-zone, compared to a similar rise in the previous quarter. Markets were expecting GDP to rise 0.30%.
Euro-zone CPI advanced as expected in October
On a YoY basis, the preliminary CPI rose 0.50% in the Euro-zone, in October, in line with market expectations. In the previous month, the CPI had registered a rise of 0.40%.
German retail sales registered an unexpected drop in September
On a monthly basis, retail sales registered an unexpected drop of 1.40% in Germany, in September, lower than market expectations for a rise of 0.20%. Retail sales had recorded a revised drop of 0.30% in the previous month.
German retail sales advanced less than expected in September
Retail sales in Germany rose 0.40% in September on a YoY basis, less than market expectations for a rise of 1.50%. Retail sales had recorded a revised rise of 3.80% in the prior month.
Italian CPI remained flat in October
In Italy, the preliminary CPI remained unchanged in October, on a monthly basis, less than market expectations for a rise of 0.20%. In the previous month, the CPI had registered a drop of 0.20%.
Italian PPI registered a drop in September
On a MoM basis, the producer price index (PPI) in Italy registered a drop of 0.10% in September. In the previous month, the PPI had dropped 0.30%.
Italian PPI eased in September
In September, on a YoY basis, the PPI slid 0.80% in Italy. In the previous month, the PPI had dropped 1.10%.
Italian EU normalised CPI advanced less than expected in October
The Flash EU normalised CPI registered a rise of 0.20% on a MoM basis in Italy, in October, compared to a rise of 1.90% in the prior month. Markets were anticipating the EU normalised CPI to climb 0.40%.
Spanish current account surplus narrowed in August
Current account surplus in Spain narrowed to €2.90 billion in August, following a current account surplus of €3.00 billion in the prior month.
Spanish retail sales advanced less than expected in September
In September, on a YoY basis, retail sales in Spain climbed 3.20%, compared to a revised advance of 3.30% in the previous month. Market anticipation was for retail sales to rise 3.30%.
US personal consumption expenditure deflator advanced as expected in September
On a MoM basis, personal consumption expenditure deflator recorded a rise of 0.20% in September, in the US, compared to a revised similar rise in the previous month. Markets were expecting personal consumption expenditure deflator to advance 0.20%.
US core personal consumption expenditure advanced as expected in September
In the US, core personal consumption expenditure recorded a rise of 1.70% on a YoY basis in September, compared to a similar rise in the previous month. Markets were expecting core personal consumption expenditure to advance 1.70%.
US personal income advanced less than expected in September
In September, on a MoM basis, personal income in the US recorded a rise of 0.30%, compared to a rise of 0.20% in the prior month. Market expectation was for personal income to climb 0.40%.
US Chicago Fed purchasing managers index declined in October
In October, the Chicago Fed purchasing managers index in the US eased to 50.60, lower than market expectations of a drop to 54.00. In the prior month, the Chicago Fed purchasing managers index had registered a level of 54.20.
US personal consumption expenditure deflator advanced as expected in September
In September, personal consumption expenditure deflator advanced 1.20% in the US on a YoY basis, compared to a rise of 1.00% in the previous month. Market expectation was for personal consumption expenditure deflator to climb 1.20%.
US core personal consumption expenditure advanced as expected in September
Core personal consumption expenditure rose 0.10% on a monthly basis in September, in the US, compared to a rise of 0.20% in the prior month. Markets were expecting core personal consumption expenditure to advance 0.10%.
US Dallas Fed manufacturing business index advanced in October
Compared to a level of -3.70 in the prior month the Dallas Fed manufacturing business index rose to a level of -1.50 in the US, in October. Market anticipation was for the Dallas Fed manufacturing business index to advance to a level of 2.00.
US personal spending rose more than expected in September
Personal spending rose 0.50% in the US on a MoM basis in September, compared to a revised fall of 0.10% in the prior month. Markets were expecting personal spending to climb 0.40%.
Canadian industrial product price index advanced as expected in September
On a monthly basis, the industrial product price index registered a rise of 0.40% in September, in Canada, compared to a revised drop of 0.40% in the prior month. Market anticipation was for the industrial product price index to rise 0.40%.
Canadian raw material price index surprisingly fell in September
In September, the raw material price index recorded an unexpected drop of 0.10% in Canada on a monthly basis, lower than market expectations for a rise of 0.50%. In the prior month, the raw material price index had dropped 0.70%.
BoJ kept monetary policy unchanged, trimmed inflation forecasts
The Bank of Japan (BoJ) held benchmark interest rate at -0.10%, as widely expected. Further, the central bank pushed back its forecast date for hitting the 2.0% inflation goal to around fiscal 2018, from fiscal 2017.
Japanese construction orders rose in September
Construction orders in Japan registered a rise of 16.30% in September on a YoY basis. Construction orders had registered a rise of 13.80% in the prior month.
Japanese manufacturing PMI climbed in October
In October, the final manufacturing PMI in Japan rose to a level of 51.40. In the prior month, manufacturing PMI had recorded a reading of 50.40. The preliminary figures had recorded an advance to 51.70.
Japanese housing starts advanced more than expected in September
On an annual basis, housing starts advanced 10.00% in September, in Japan, more than market expectations for an advance of 5.20%. In the prior month, housing starts had advanced 2.50%.
Japanese annualised housing starts rose unexpectedly in September
The annualised housing starts recorded an unexpected rise to a level of 0.98 million units in September, in Japan, compared to market expectations of a drop to a level of 0.95 million units. The annualised housing starts had recorded a level of 0.96 million units in the prior month.
Chinese Caixin/Markit manufacturing PMI index rose unexpectedly in October
In China, Caixin/Markit manufacturing PMI index recorded an unexpected rise to a level of 51.20 in October, compared to a reading of 50.10 in the prior month. Market anticipation was for Caixin/Markit manufacturing PMI index to record a steady reading.
Chinese NBS manufacturing PMI surprisingly climbed in October
In October, the NBS manufacturing PMI rose unexpectedly to 51.20 in China, higher than market expectations of a fall to 50.30. In the prior month, the NBS manufacturing PMI had recorded a reading of 50.40.
Chinese NBS non-manufacturing PMI climbed in October
Compared to a reading of 53.70 in the previous month the NBS non-manufacturing PMI rose to a level of 54.00 in October, in China.
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