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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector net borrowing recorded a deficit in October
In the UK, in October, the public sector net borrowing (excluding temporary effects of financial interventions) has reported a deficit £4.80 billion, as compared to a revised deficit of £9.70 billion in the prior month. Markets were expecting public sector net borrowing to post a deficit of £6.00 billion.
UK public sector net cash requirement recorded a surplus in October
In the UK, public finances (public sector net cash requirement) has reported a surplus £3.40 billion in October, following a revised deficit of £18.90 billion in the prior month.
UK CBI trends selling prices advanced in November
CBI trends selling prices in the UK rose to a level of 19.00 in November. In the previous month, CBI trends selling prices had registered a reading of 8.00.
UK balance of firms reporting total order book above normal advanced in November
Compared to a level of -17.00 in the previous month the balance of firms reporting total order book above normal in the UK recorded a rise to -3.00 in November. Markets were anticipating the balance of firms reporting total order book above normal to advance to a level of -8.00.
UK public sector net borrowing reported a deficit in October
In the UK, in October, the public sector net borrowing has posted a deficit £4.30 billion, as compared to a revised deficit of £9.20 billion in the prior month. Markets were anticipating public sector net borrowing to post a deficit of £6.00 billion.
Euro-zone consumer confidence index advanced in November
In the Euro-zone, the flash consumer confidence index climbed to -6.10 in November, compared to a reading of -8.00 in the previous month. Market expectation was for the consumer confidence index to advance to -7.80.
Swiss imports advanced in October
In October, on a monthly basis, imports climbed 2.80% in Switzerland. In the previous month, imports had dropped by a revised 1.10%.
Swiss exports recorded a drop in October
On a MoM basis, exports in Switzerland recorded a drop of 4.70% in October. Exports had advanced by a revised 5.00% in the previous month.
Swiss trade surplus registered a drop in October
Switzerland has posted trade surplus of CHF 2.68 billion in October, compared to a revised trade surplus of CHF 4.33 billion in the prior month. Markets were anticipating the nation to post a trade surplus of CHF 3.88 billion.
US Redbook index recorded a drop in the last week
In the week ended 18 November 2016, on a monthly basis, the seasonally adjusted Redbook index fell 0.10% in the US. The Redbook index had registered a similar fall in the prior week.
US Redbook index rose in the last week
In the US, the Redbook index rose 1.00% in the week ended 18 November 2016 on an annual basis. The Redbook index had registered a rise of 0.90% in the prior week.
US Richmond Fed manufacturing index recorded a rise in November
In November, the Richmond Fed manufacturing index in the US registered a rise to 4.00, compared to a reading of -4.00 in the previous month. Market expectation was for the Richmond Fed manufacturing index to advance to a level of 0.00.
US existing home sales unexpectedly advanced in October
Compared to a revised reading of 5.49 million in the prior month, existing home sales in the US unexpectedly rose by 2.00%, on MoM basis, to a level of 5.60 million in October. Markets were anticipating existing home sales to fall to 5.44 million.
Canadian retail sales rose as expected in September
In Canada, retail sales registered a rise of 0.60% on a MoM basis in September, compared to a revised rise of 0.10% in the prior month. Markets were expecting retail sales to rise 0.60%.
Canadian retail sales (ex-autos) remained flat in September
Retail sales (ex-autos) remained steady in Canada on a monthly basis in September, lower than market expectations for a rise of 0.50%. In the prior month, retail sales (ex-autos) had risen by a revised 0.20%.
Japanese Tokyo department store sales eased in October
Tokyo department store sales dropped 4.40% in Japan on a YoY basis, in October. In the previous month, Tokyo department store sales had fallen 3.40%.
Japanese nationwide department store sales recorded a drop in October
In October, on a YoY basis, nationwide department store sales in Japan registered a drop of 3.90%. Nationwide department store sales had recorded a drop of 5.00% in the prior month.
Chinese MNI business sentiment index climbed in November
The MNI business sentiment index rose to a level of 53.10 in November, in China. In the prior month, the MNI business sentiment index had registered a reading of 52.20.
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