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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK consumer confidence fell in November
In November, the consumer confidence in the UK registered a drop to -8.00, compared to a reading of -3.00 in the prior month. Markets were anticipating the consumer confidence to ease to -4.00.
UK net consumer credit advanced more than expected in October
Net consumer credit rose £1.60 billion in the UK, in October, higher than market expectations for an advance of £1.50 billion. In the prior month, net consumer credit had risen by a revised £1.50 billion.
UK M4 money supply climbed in October
M4 money supply climbed 1.10% on a MoM basis in the UK, in October. In the prior month, M4 money supply had recorded a drop of 0.40%.
UK business barometer recorded a decline in November
Compared to a reading of 37.00 in the prior month the business barometer registered a drop to 32.00 in the UK, in November.
UK M4 money supply recorded a rise in October
In October, on a YoY basis, M4 money supply in the UK advanced 6.60%. M4 money supply had advanced 6.20% in the prior month.
UK consumer credit climbed in October
The seasonally adjusted consumer credit in the UK climbed £22.40 billion in October. In the previous month, consumer credit had registered a revised rise of £22.14 billion.
UK number of mortgage approvals for house purchases climbed in October
The number of mortgage approvals for house purchases registered a rise to 67.50 K in the UK, in October, compared to market expectations of a rise to a level of 65.00 K. Number of mortgage approvals for house purchases had recorded a revised reading of 63.60 K in the prior month.
UK net lending to individuals recorded a rise in October
Net lending to individuals in the UK recorded a rise of £4.90 billion in October. In the prior month, net lending to individuals had climbed £4.75 billion.
UK M4 Ex-IOFCs 3M annualised registered a rise in October
In October, on a monthly basis, M4 Ex-IOFCs 3M annualised in the UK climbed 6.90%. M4 Ex-IOFCs 3M annualised had registered a revised rise of 10.10% in the previous month.
UK net lending secured on dwellings advanced more than expected in October
Net lending secured on dwellings registered a rise of £3.30 billion in the UK, in October, more than market expectations for an advance of £3.20 billion. Net lending secured on dwellings had registered a revised similar rise in the prior month.
Euro-zone business climate indicator recorded an unexpected drop in November
The business climate indicator eased unexpectedly to 0.42 in the Euro-zone, in November, compared to market expectations of a rise to a level of 0.60. The business climate indicator had registered a revised level of 0.56 in the previous month.
Euro-zone services sentiment indicator remained flat in November
In November, the services sentiment indicator in the Euro-zone remained flat at 12.10, lower than market expectations of a rise to a level of 12.50.
Euro-zone economic sentiment indicator climbed in November
In November, the economic sentiment indicator in the Euro-zone advanced to 106.50, compared to a revised reading of 106.40 in the prior month. Markets were anticipating the economic sentiment indicator to rise to a level of 106.80.
Euro-zone industrial confidence index declined unexpectedly in November
In November, the industrial confidence index in the Euro-zone eased unexpectedly to a level of -1.10, higher than market expectations of an advance to -0.50. In the previous month, the industrial confidence index had recorded a reading of -0.60.
Euro-zone consumer confidence index recorded a rise in November
In November, the final consumer confidence index in the Euro-zone registered a rise to -6.10, compared to a reading of -8.00 in the prior month. Markets were anticipating the consumer confidence index to climb to -6.10. The preliminary figures had also indicated a rise to -6.10.
German CPI rose in November
The flash consumer price index (CPI) climbed 0.80% in Germany on an annual basis, in November. The CPI had registered a similar rise in the prior month.
German HICP remained unchanged in November
The preliminary harmonised consumer price index (HICP) in Germany remained steady in November on a monthly basis. The HICP had climbed 0.20% in the previous month.
German HICP rose in November
In November, on an annual basis, the preliminary HICP registered a rise of 0.70% in Germany. In the previous month, the HICP had registered a similar rise.
German import price index fell less than expected in October
The import price index registered a drop of 0.60% on an annual basis in Germany in October, less than market expectations for a fall of 0.80%. In the previous month, the import price index had registered a drop of 1.80%.
German CPI rose in November
In Germany, the preliminary CPI climbed 0.10% on a MoM basis, in November. The CPI had risen 0.20% in the previous month.
German import price index advanced more than expected in October
On a monthly basis, in October, the import price index climbed 0.90% in Germany, more than market expectations for a rise of 0.70%. The import price index had advanced 0.10% in the previous month.
French consumer spending advanced more than expected in October
Consumer spending registered a rise of 0.90% on a monthly basis in France in October, higher than market expectations for a rise of 0.30%. In the prior month, consumer spending had registered a revised drop of 0.40%.
French GDP rose as expected in 3Q 2016
On a quarterly basis, in 3Q 2016, the second estimate of gross domestic product (GDP) registered a rise of 0.20% in France, compared to a fall of 0.10% in the prior quarter. The preliminary figures had also recorded a rise of 0.20%. Markets were expecting GDP to advance 0.20%.
French GDP advanced as expected in 3Q 2016
On an annual basis in 3Q 2016, the second estimate of GDP recorded a rise of 1.10% in France, in line with market expectations. In the previous quarter, GDP had recorded a rise of 1.30%. The preliminary figures had also recorded a rise of 1.10%.
Spanish CPI rose more than expected in November
The flash CPI in Spain climbed 0.70% on an annual basis in November, compared to a similar rise in the previous month. Market expectation was for the CPI to advance 0.50%.
Spanish CPI rose more than expected in November
On a monthly basis, the flash CPI registered a rise of 0.30% in November, in Spain, more than market expectations for an advance of 0.20%. In the previous month, the CPI had advanced 1.10%.
Spanish HICP index advanced more than expected in November
In November, on a monthly basis, the flash HICP index advanced 0.20% in Spain, higher than market expectations for a rise of 0.10%. In the prior month, the HICP index had advanced 0.80%.
Spanish HICP index rose more than expected in November
The flash HICP index recorded a rise of 0.50% in Spain on a YoY basis in November, compared to a similar rise in the previous month. Markets were anticipating the HICP index to climb 0.40%.
Fed’s Powell talks up rate hike odds
The Federal Reserve (Fed) Governor, Jerome Powell, indicated that the case for raising interest rates has strengthened since the central bank’s rate-setting committee met earlier this month, as US unemployment and inflation approach the Fed’s goals. He also warned that moving too slowly could eventually mean that the committee would have to tighten monetary policy abruptly to avoid overshooting its objective.
US annualised GDP advanced more than expected in 3Q 2016
In 3Q 2016, on a quarterly basis, the second estimate of annualised GDP advanced 3.20% in the US, more than market expectations for a rise of 3.00%. The preliminary figures had indicated a rise of 2.90%. In the previous quarter, the annualised GDP had advanced 1.40%.
US S&P/Case-Shiller home price index advanced in September
Compared to a revised level of 191.53 in the previous month the S&P/Case-Shiller home price index registered a rise to 191.78 in September, in the US.
US personal consumption rose more than expected in 3Q 2016
The second estimate of personal consumption in the US recorded a rise of 2.80% in 3Q 2016 on a quarterly basis, higher than market expectations for an advance of 2.30%. Personal consumption had advanced 4.30% in the prior quarter. The preliminary figures had indicated an advance of 2.10%.
US Redbook index rose in the last week
The Redbook index climbed 2.20% on an annual basis, in the week ended 25 November 2016, in the US. In the previous week, the Redbook index had advanced 1.00%.
US GDP price index rose less than expected in 3Q 2016
On a quarterly basis, the second estimate of GDP price index climbed 1.40% in 3Q 2016, in the US, lower than market expectations for a rise of 1.50%. The preliminary figures had indicated a rise of 1.50%. The GDP price index had risen 2.30% in the previous quarter.
US CB consumer confidence index registered a rise in November
The CB consumer confidence index advanced to 107.10 in November, in the US, higher than market expectations of a rise to a level of 101.50. In the prior month, the CB consumer confidence index had registered a revised level of 100.80.
US Redbook index recorded a rise in the last week
The seasonally adjusted Redbook index in the US advanced 0.30% on a MoM basis, in the week ended 25 November 2016. The Redbook index had recorded a drop of 0.10% in the prior week.
US core personal consumption expenditure rose as expected in 3Q 2016
On a quarterly basis, the final core personal consumption expenditure in the US recorded a rise of 1.70% in 3Q 2016, at par with market expectations. Core personal consumption expenditure had climbed 1.80% in the previous quarter. The preliminary figures had recorded an advance of 1.80%.
US S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas rose less than expected in September
On an annual basis, the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas in the US climbed 5.08% in September, compared to a revised rise of 5.06% in the previous month. Markets were anticipating the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas to advance 5.20%.
Canadian current account deficit dropped in 3Q 2016
Current account deficit in Canada narrowed to C$ 18.30 billion in 3Q 2016, from a revised current account deficit of C$ 19.02 billion in the previous quarter. Markets were anticipating the nation to register a current account deficit of C$ 16.50 billion.
Japanese industrial production advanced as expected in October
In October, the flash industrial production rose 0.10% in Japan on a monthly basis, at par with market expectations. In the previous month, industrial production had registered a rise of 0.60%.
Japanese industrial production fell less than expected in October
On a YoY basis in Japan, the flash industrial production recorded a drop of 1.30% in October, lower than market expectations for a drop of 1.40%. In the previous month, industrial production had risen 1.50%.
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