Hot Features
Premium
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP advanced as expected in 3Q 2016
The second estimate of gross domestic product (GDP) advanced 0.50% in the UK on a quarterly basis in 3Q 2016, in line with market expectations. In the previous quarter, GDP had recorded a rise of 0.70%. The preliminary figures had also recorded an advance of 0.50%.
UK GDP rose as expected in 3Q 2016
In 3Q 2016, the second estimate of GDP registered a rise of 2.30% in the UK on a YoY basis, compared to an advance of 2.10% in the prior quarter. The preliminary figures had also recorded an advance of 2.30%. Market expectation was for GDP to climb 2.30%.
UK private consumption advanced less than expected in 3Q 2016
In 3Q 2016, the preliminary private consumption recorded a rise of 0.70% in the UK on a QoQ basis, lower than market expectations for a rise of 0.80%. In the previous quarter, private consumption had recorded a rise of 0.90%.
UK gross fixed capital formation surprisingly rose in 3Q 2016
The flash gross fixed capital formation in the UK unexpectedly climbed 1.10% in 3Q 2016 on a QoQ basis, more than market expectations for a drop of 1.00%. Gross fixed capital formation had registered a rise of 1.60% in the previous quarter.
UK index of services advanced as expected in September
On a MoM basis, in September, the index of services advanced 0.80% in the UK, compared to a similar rise in the June-August 2016 period. Markets were anticipating the index of services to climb 0.80%.
UK total business investment rose surprisingly in 3Q 2016
The preliminary total business investment in the UK recorded an unexpected rise of 0.90% on a quarterly basis in 3Q 2016, more than market expectations for a fall of 1.00%. In the prior quarter, total business investment had climbed 1.00%.
UK imports dropped more than expected in 3Q 2016
The flash imports in the UK recorded a drop of 1.50% on a quarterly basis in 3Q 2016, more than market expectations for a fall of 0.10%. In the prior quarter, imports had recorded a rise of 1.30%.
UK CBI distributive trade survey’s retail sales balance climbed surprisingly in November
In the UK, the CBI distributive trade survey’s retail sales balance registered an unexpected rise to a level of 26.00% in November, higher than market expectations of a fall to 12.00%. The CBI distributive trade survey’s retail sales balance had registered a level of 21.00% in the prior month.
UK index of services rose as expected in September
On a monthly basis, the index of services climbed 0.20% in September, in the UK, compared to a similar rise in the previous month. Market anticipation was for the index of services to rise 0.20%.
UK government spending rose more than expected in 3Q 2016
The preliminary government spending in the UK advanced 0.40% in 3Q 2016 on a quarterly basis, more than market expectations for a rise of 0.30%. In the previous quarter, government spending had recorded an unchanged reading.
UK total business investment fell less than expected in 3Q 2016
In 3Q 2016, the preliminary total business investment in the UK eased 1.60% on an annual basis, less than market expectations for a drop of 2.50%. In the previous quarter, total business investment had dropped 0.80%.
UK exports rose less than expected in 3Q 2016
On a quarterly basis, the preliminary exports registered a rise of 0.70% in 3Q 2016, in the UK, compared to a fall of 1.00% in the prior quarter. Market expectation was for exports to rise 1.00%.
French consumer confidence steadied in November
In November, consumer confidence remained flat at a level of 98.00 in France, at par with market expectations.
Italian retail sales surprisingly dropped in September
In September, the seasonally adjusted retail sales unexpectedly dropped 0.60% in Italy on a MoM basis, compared to a revised drop of 0.20% in the prior month. Market anticipation was for retail sales to advance 0.20%.
Italian industrial orders declined in September
The seasonally adjusted industrial orders eased 6.80% on a monthly basis, in September, in Italy. In the previous month, industrial orders had risen by a revised 10.70%.
Italian industrial sales recorded a drop in September
The seasonally adjusted industrial sales recorded a drop of 4.60% on a monthly basis in Italy, in September. Industrial sales had risen by a revised 4.20% in the previous month.
Italian retail sales dropped more than expected in September
The non-seasonally adjusted retail sales in Italy fell 1.40% in September on an annual basis, higher than market expectations for a drop of 0.10%. In the prior month, retail sales had registered a revised drop of 0.50%.
Italian industrial sales registered a drop in September
In September, on an annual basis, the non-seasonally adjusted industrial sales slid 0.30% in Italy. Industrial sales had registered a revised rise of 7.10% in the prior month.
Italian industrial orders rose in September
In Italy, the non-seasonally adjusted industrial orders advanced 2.60% on a YoY basis, in September. In the previous month, industrial orders had registered a revised rise of 16.50%.
Spanish PPI climbed in October
On a monthly basis, the producer price index (PPI) advanced 1.50% in October, in Spain. In the previous month, the PPI had registered a rise of 0.30%.
Spanish PPI advanced in October
In Spain, the PPI climbed 0.20% on an annual basis, in October. In the previous month, the PPI had registered a drop of 2.00%.
US wholesale inventories recorded an unexpected drop in October
The seasonally adjusted flash wholesale inventories in the US recorded an unexpected drop of 0.40% in October on a MoM basis, lower than market expectations for a rise of 0.20%. In the previous month, the wholesale inventories had climbed 0.10%.
US Markit services PMI dropped surprisingly in November
The flash Markit services PMI registered an unexpected drop to a level of 54.70 in the US, in November, compared to market expectations of an unchanged reading. In the prior month, Markit services PMI had recorded a level of 54.80.
US Markit composite PMI remained unchanged in November
The preliminary Markit composite PMI remained unchanged at a level of 54.90 in November, in the US.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
