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Guardian Stockbrokers Key Economic News Tuesday 8 November 2016

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK retail sales across all sectors advanced more than expected in October

Retail sales across all sectors registered a rise of 1.70% on a YoY basis in the UK in October, higher than market expectations for a rise of 0.60%. In the previous month, retail sales across all sectors had registered a rise of 0.40%.

UK Halifax house price index rose more than expected in October

In October, on a monthly basis, the Halifax house price index recorded a rise of 1.40% in the UK, higher than market expectations for an advance of 0.20%. In the previous month, the Halifax house price index had registered a rise of 0.10%.

UK Halifax house price index advanced more than expected in the August-October 2016 period

In the August-October 2016 period, the Halifax house price index rose 5.20% in the UK on a YoY basis, higher than market expectations for an advance of 4.90%. In the July-September 2016 period, the Halifax house price index had climbed 5.80%.

Euro-zone retail sales drop less than expected in September

In September, on a monthly basis, the seasonally adjusted retail sales recorded a drop of 0.20% in the Euro-zone, less than market expectations for a fall of 0.30%. In the previous month, retail sales had registered a revised similar fall.

Euro-zone retail PMI slid in October

Compared to a reading of 49.60 in the prior month the retail PMI eased to 48.60 in the Euro-zone, in October.

Euro-zone investor confidence index climbed in November

In November, the investor confidence index rose to a level of 13.10 in the Euro-zone, higher than market expectations of a rise to 8.60. In the previous month, the investor confidence index had registered a level of 8.50.

German factory orders unexpectedly slid in September

In September, the seasonally adjusted factory orders in Germany registered an unexpected drop of 0.60% on a monthly basis, lower than market expectations for a rise of 0.20%. In the prior month, factory orders had climbed by a revised 0.90%.

German factory orders advanced less than expected in September

On a YoY basis in September, the non-seasonally adjusted factory orders registered a rise of 2.60% in Germany, less than market expectations for an advance of 3.50%. Factory orders had recorded a revised rise of 2.00% in the previous month.

Spanish calendar adjusted industrial output recorded an unexpected drop in September

On a YoY basis in September, the calendar adjusted industrial output unexpectedly fell 1.40% in Spain, less than market expectations for an advance of 2.50%. The calendar adjusted industrial output had registered a revised rise of 1.60% in the prior month.

Swiss EU HICP registered a rise in October

The EU harmonised consumer price index (HICP) recorded a rise of 0.10% on a monthly basis in Switzerland, in October. In the prior month, the EU HICP had registered an unchanged reading.

Swiss CPI advanced less than expected in October

In October, on a MoM basis, the consumer price index (CPI) rose 0.10% in Switzerland, compared to a similar rise in the previous month. Market anticipation was for the CPI to climb 0.20%.

Swiss foreign currency reserves registered a rise in October

In October, foreign currency reserves in Switzerland climbed to CHF 630.30 billion, compared to market expectations of an advance to a level of CHF 629.00 billion. Foreign currency reserves had registered a reading of CHF 628.00 billion in the previous month.

Swiss EU HICP slid in October

The EU HICP in Switzerland fell 0.30% on a YoY basis, in October. The EU HICP had registered a similar fall in the prior month.

Swiss CPI registered an unexpected drop in October

In October, the CPI in Switzerland, registered an unexpected drop of 0.20% on a YoY basis, lower than market expectations for an unchanged reading. The CPI had registered a similar fall in the previous month.

US total consumer credit outstanding recorded a rise in September

The seasonally adjusted total consumer credit outstanding in the US recorded a rise to $3706800.00 million in September. Total consumer credit outstanding had registered a level of $3686700.00 million in the previous month.

US consumer credit recorded a rise in September

Consumer credit advanced $19.30 billion, in September, in the US. Consumer credit had advanced $25.87 billion in the prior month.

Japanese foreign exchange reserves registered a drop in October

In October, foreign exchange reserves registered a drop to $1242.80 billion in Japan, compared to a reading of $1260.10 billion in the prior month.

Chinese trade surplus widened in October

Trade surplus in China widened to $49.06 billion in October, compared to market expectations of a trade surplus of $51.70 billion. China had posted a trade surplus of $41.99 billion in the previous month.

Chinese imports declined more than expected in October

On an annual basis, imports fell 1.40% in October, in China, more than market expectations for a fall of 1.00%. Imports had fallen 1.90% in the previous month.

Chinese exports declined more than expected in October

Exports registered a drop of 7.30% on a YoY basis in China, in October, higher than market expectations for a drop of 6.00%. Exports had registered a drop of 10.00% in the prior month.

Chinese foreign exchange reserves declined in October

Foreign exchange reserves eased to $3120.70 billion in October, in China, lower than market expectations of a drop to a level of $3132.50 billion. Foreign exchange reserves had registered a reading of $3166.38 billion in the prior month.

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