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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CPI rose less than expected in October
In the UK, the consumer price index (CPI) advanced 0.10% on a monthly basis in October, compared to an advance of 0.20% in the prior month. Markets were anticipating the CPI to rise 0.30%.
UK PPI core output advanced more than expected in October
In the UK, the non-seasonally adjusted PPI core output recorded a rise of 0.40% on a MoM basis in October, higher than market expectations for a rise of 0.10%. In the prior month, PPI core output had registered a revised flat reading.
UK retail price index ex-mort int. payments rose less than expected in October
In October, the retail price index ex-mort int. payments registered a rise of 2.20% on a YoY basis in the UK, lower than market expectations for a rise of 2.40%. The retail price index ex-mort int. payments had registered a similar rise in the prior month.
UK retail price index surprisingly fell in October
The retail price index in the UK unexpectedly dropped by, on MoM basis, to a level of 264.80 in October, lower than market expectations of 265.30. The retail price index had recorded a reading of 264.90 in the prior month.
UK PPI core output advanced more than expected in October
The non-seasonally adjusted PPI core output rose 1.90% in the UK on an annual basis in October, more than market expectations for a rise of 1.60%. PPI core output had registered a rise of 1.40% in the previous month.
UK input PPI rose more than expected in October
In the UK, the non-seasonally adjusted input producer price index (PPI) recorded a rise of 12.20% on an annual basis in October, more than market expectations for a rise of 9.30%. In the previous month, input PPI had climbed by a revised 7.30%.
UK input PPI advanced more than expected in October
On a monthly basis in October, the non-seasonally adjusted input PPI climbed 4.60% in the UK, compared to a revised advance of 0.10% in the prior month. Market expectation was for input PPI to advance 2.00%.
UK core CPI advanced less than expected in October
The core CPI registered a rise of 1.20% in the UK on an annual basis in October, compared to an advance of 1.50% in the prior month. Markets were expecting the core CPI to rise 1.40%.
UK CPI rose less than expected in October
In October, on an annual basis, the CPI in the UK climbed 0.90%, less than market expectations for a rise of 1.10%. In the prior month, the CPI had climbed 1.00%.
UK output PPI advanced more than expected in October
In October, on a YoY basis, the non-seasonally adjusted output PPI rose 2.10% in the UK, more than market expectations for a rise of 1.80%. Output PPI had recorded a revised rise of 1.30% in the prior month.
UK retail price index rose less than expected in October
The retail price index registered a rise of 2.00% on an annual basis in the UK, in October, less than market expectations for an advance of 2.30%. In the prior month, the retail price index had registered a similar rise.
UK output PPI rose more than expected in October
On a monthly basis, in October, the non-seasonally adjusted output PPI registered a rise of 0.60% in the UK, compared to a revised advance of 0.30% in the prior month. Market expectation was for output PPI to advance 0.40%.
Euro-zone trade surplus expanded in September
The Euro-zone has reported the non-seasonally adjusted trade surplus of €26.50 billion in September, compared to a trade surplus of €18.40 billion in the previous month. Markets were expecting the region to post a trade surplus of €22.50 billion.
Euro-zone trade surplus rose in September
The seasonally adjusted trade surplus in the Euro-zone rose to €24.90 billion in September, following a revised trade surplus of €23.40 billion in the prior month. Markets were expecting the region to record a trade surplus of €22.10 billion.
Euro-zone GDP rose as expected in 3Q 2016
In 3Q 2016, the seasonally adjusted second estimate of gross domestic product (GDP) advanced 1.60% in the Euro-zone on an annual basis, at par with market expectations. In the previous quarter, GDP had registered a similar rise. The preliminary figures had also recorded an advance of 1.60%.
Euro-zone GDP rose as expected in 3Q 2016
In 3Q 2016, on a quarterly basis, the seasonally adjusted second estimate of GDP in the Euro-zone recorded a rise of 0.30%, at par with market expectations. The preliminary figures had also recorded a rise of 0.30%. In the previous quarter, GDP had registered a similar rise.
Euro-zone economic sentiment index advanced in November
In November, the economic sentiment index climbed to 15.80 in the Euro-zone, compared to a reading of 12.30 in the previous month.
German GDP advanced less than expected in 3Q 2016
The working day adjusted flash GDP in Germany climbed 1.70% on a YoY basis in 3Q 2016, compared to an advance of 1.80% in the prior quarter. Markets were expecting GDP to advance 1.80%.
German GDP rose less than expected in 3Q 2016
On a YoY basis in 3Q 2016, the non-seasonally adjusted preliminary GDP advanced 1.50% in Germany, less than market expectations for a rise of 1.60%. In the prior quarter, GDP had risen 3.10%.
German current situation index registered a surprise drop in November
In Germany, the current situation index recorded an unexpected drop to 58.80 in November, compared to market expectations of a rise to a level of 61.60. The current situation index had registered a reading of 59.50 in the prior month.
German economic sentiment index climbed in November
In November, the economic sentiment index in Germany recorded a rise to 13.80, higher than market expectations of an advance to a level of 8.10. In the previous month, the economic sentiment index had recorded a reading of 6.20.
German GDP rose less than expected in 3Q 2016
In 3Q 2016, on a quarterly basis, the seasonally adjusted preliminary GDP in Germany rose 0.20%, lower than market expectations for a rise of 0.30%. In the prior quarter, GDP had risen 0.40%.
French EU normalised CPI remained flat in October
On a MoM basis in France, the final EU normalised CPI remained flat in October, less than market expectations for a rise of 0.10%. EU normalised CPI had recorded a drop of 0.20% in the prior month. The preliminary figures had indicated a rise of 0.10%.
French CPI (ex-tobacco) remained unchanged in October
The final CPI (ex-tobacco) remained steady on a MoM basis in France, in October, compared to a drop of 0.20% in the previous month. Markets were expecting the CPI (ex-tobacco) to remain unchanged. The preliminary figures had also recorded a steady reading.
Italian GDP advanced more than expected in 3Q 2016
On a quarterly basis, in 3Q 2016, the flash GDP climbed 0.30% in Italy, higher than market expectations for a rise of 0.20%. The GDP had recorded a flat reading in the previous quarter.
Spanish CPI rose as expected in October
In October, on a monthly basis, the final CPI registered a rise of 1.10% in Spain, compared to an unchanged reading in the previous month. The preliminary figures had also indicated a rise of 1.10%. Market anticipation was for the CPI to climb 1.10%.
Spanish HICP index rose as expected in October
On an annual basis, the final harmonised consumer price (HICP) index in Spain climbed 0.50% in October, at par with market expectations. The HICP index had registered a flat reading in the previous month. The preliminary figures had also indicated an advance of 0.50%.
Spanish HICP index rose as expected in October
On a MoM basis, the final HICP index advanced 0.80% in Spain, in October, at par with market expectations. The HICP index had climbed 0.70% in the prior month. The preliminary figures had also recorded a rise of 0.80%.
Spanish CPI advanced as expected in October
On an annual basis, the final CPI in Spain rose 0.70% in October, compared to an advance of 0.20% in the previous month. Markets were anticipating the CPI to climb 0.70%. The preliminary figures had also recorded an advance of 0.70%.
Fed’s Rosengren indicated that December interest rate hike is on the cards
The Federal Reserve (Fed) Bank of Boston President, Eric Rosengren stated that market expectations for a December interest rate hike is likely correct, barring any unexpected developments. He further restated his concerns that waiting too long to raise rates could disrupt the US economic recovery and that he would like to see the Fed raise rates gradually.
US retail sales (ex-auto & gas) advanced more than expected in October
On a monthly basis, retail sales (ex-auto & gas) climbed 0.60% in the US, in October, higher than market expectations for an advance of 0.30%. In the previous month, retail sales (ex-auto & gas) had advanced by a revised 0.50%.
US Redbook index rose in the last week
On an annual basis, the Redbook index in the US registered a rise of 0.90% in the week ended 11 November 2016. The Redbook index had risen 0.70% in the prior week.
US Redbook index registered a drop in the last week
The seasonally adjusted Redbook index in the US slid 0.10% in the week ended 11 November 2016 on a monthly basis. In the previous week, the Redbook index had recorded a drop of 0.20%.
US retail sales ex-autos rose more than expected in October
In October, retail sales ex-autos rose 0.80% on a monthly basis in the US, compared to a revised rise of 0.70% in the prior month. Markets were anticipating retail sales ex-autos to climb 0.50%.
US NY Empire State manufacturing index climbed in November
In November, the NY Empire State manufacturing index registered a rise to 1.50 in the US, higher than market expectations of an advance to -2.50. In the prior month, the NY Empire State manufacturing index had registered a reading of -6.80.
US business inventories advanced less than expected in September
In the US, business inventories climbed 0.10% on a monthly basis in September, lower than market expectations for an advance of 0.20%. In the previous month, business inventories had climbed 0.20%.
US import price index dropped less than expected in October
In October, the import price index eased 0.20% in the US on a YoY basis, compared to a revised drop of 1.00% in the previous month. Markets were anticipating the import price index to ease 0.30%.
US import price index rose more than expected in October
On a MoM basis, the import price index registered a rise of 0.50% in the US, in October, higher than market expectations for a rise of 0.40%. In the previous month, the import price index had recorded a revised rise of 0.20%.
US retail sales Control Group rose more than expected in October
Retail sales Control Group in the US advanced 0.80% on a monthly basis in October, higher than market expectations for a rise of 0.40%. Retail sales Control Group had recorded a revised rise of 0.30% in the prior month.
US advance retail sales rose more than expected in October
On a monthly basis, advance retail sales in the US rose 0.80% in October, more than market expectations for a rise of 0.60%. In the previous month, advance retail sales had recorded a revised rise of 1.00%.
Canadian existing home sales recorded a rise in October
Existing home sales registered a rise of 2.40% on a monthly basis, in October, in Canada. In the prior month, existing home sales had risen 0.80%.
Canadian house price index registered a rise in October
On a monthly basis, the house price index advanced 0.30% in October, in Canada. In the previous month, the house price index had advanced 0.80%.
Japanese housing loans rose in 3Q 2016
Housing loans in Japan climbed 2.70% on a YoY basis, in 3Q 2016. Housing loans had risen 2.40% in the previous quarter.
Japanese machine tool orders recorded a drop in October
In October, on a YoY basis, the final machine tool orders in Japan fell 8.90%. Machine tool orders had recorded a drop of 6.30% in the previous month. The preliminary figures had also recorded a fall of 8.90%.
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