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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
French industrial production dropped more than expected in September
On a MoM basis, industrial production fell 1.10% in September, in France, more than market expectations for a fall of 0.30%. In the previous month, industrial production had climbed by a revised 2.30%.
French manufacturing production fell more than expected in September
Manufacturing production slid 1.10% on a monthly basis in September, in France, higher than market expectations for a drop of 0.10%. Manufacturing production had risen by a revised 2.40% in the prior month.
French non-farm payrolls rose more than expected in 3Q 2016
In 3Q 2016, the flash non-farm payrolls advanced 0.30% on a QoQ basis in France, higher than market expectations for a rise of 0.10%. In the prior quarter, non-farm payrolls had registered a rise of 0.20%.
Italian industrial production registered a rise in September
The non-seasonally adjusted industrial production advanced 1.90% on an annual basis, in September, in Italy. Industrial production had advanced by a revised 7.70% in the prior month.
Italian industrial production advanced less than expected in September
In September on a YoY basis, the working day adjusted industrial production in Italy registered a rise of 1.80%, lower than market expectations for an advance of 2.20%. In the previous month, industrial production had risen by a revised 4.40%.
Italian industrial production dropped less than expected in September
In Italy, the seasonally adjusted industrial production slid 0.80% on a MoM basis in September, less than market expectations for a drop of 1.00%. In the prior month, industrial production had climbed by a revised 1.80%.
Fed’s Bullard sticks to one rate hike call
The Federal Reserve (Fed) Bank of St. Louis President, James Bullard, stated that he remains on board with raising interest rate next month and reiterated his call for monetary policy to remain accommodative with just a single 0.25% rate hike over the next two to three years.
US budget deficit dropped in October
Budget deficit in the US narrowed to $44.20 billion in October. The US had reported a revised budget deficit of $136.60 billion in the prior month.
US continuing jobless claims climbed in the last week
The seasonally adjusted continuing jobless claims in the US registered a rise to 2041.00 K in the week ended 29 October 2016, compared to a revised reading of 2023.00 K in the previous week. Markets were anticipating continuing jobless claims to advance to 2025.00 K.
US initial jobless claims declined in the last week
In the week ended 05 November 2016, the seasonally adjusted initial jobless claims recorded a drop to 254.00 K in the US, compared to market expectations of a fall to a level of 260.00 K. Initial jobless claims had registered a level of 265.00 K in the prior week.
Canadian new housing price index advanced as expected in September
In September, on an annual basis, the new housing price index in Canada advanced 2.80%, compared to an advance of 2.70% in the previous month. Markets were expecting the new housing price index to climb 2.80%.
Canadian new housing price index advanced as expected in September
On a MoM basis, the new housing price index rose 0.20% in Canada, in September, meeting market expectations. The new housing price index had registered a similar rise in the previous month.
Japanese domestic corporate goods price index declined more than expected in October
On a YoY basis in Japan, the domestic corporate goods price index slid 2.70% in October, more than market expectations for a fall of 2.60%. The domestic corporate goods price index had fallen 3.20% in the prior month.
Japanese corporate loans & discounts rose in September
Corporate loans & discounts in Japan recorded a rise of 2.11% on a YoY basis, in September. Corporate loans & discounts had registered a similar rise in the previous month.
Japanese machine tool orders slid in October
On a YoY basis, the preliminary machine tool orders in Japan recorded a drop of 8.90% in October. Machine tool orders had dropped 6.30% in the prior month.
Japanese domestic corporate goods price index unexpectedly declined in October
On a MoM basis, the domestic corporate goods price index registered an unexpected drop of 0.10% in Japan, in October, lower than market expectations for an unchanged reading. In the previous month, the domestic corporate goods price index had recorded an unchanged reading.
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