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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices rose less than expected in November
The non-seasonally adjusted house prices advanced 4.40% on a YoY basis in the UK, in November, compared to an advance of 4.60% in the previous month. Markets were expecting house prices to climb 4.70%.
UK house prices advanced less than expected in November
On a MoM basis, the seasonally adjusted house prices in the UK climbed 0.10% in November, lower than market expectations for an advance of 0.20%. House prices had registered an unchanged reading in the previous month.
UK manufacturing PMI fell surprisingly in November
The manufacturing PMI fell unexpectedly to 53.40 in the UK, in November, lower than market expectations of a rise to 54.40. In the prior month, the manufacturing PMI had recorded a revised reading of 54.20.
Euro-zone unemployment rate slid surprisingly in October
The unemployment rate registered an unexpected drop to 9.80% in the Euro-zone, in October, compared to a revised level of 9.90% in the prior month. Market expectation was for the unemployment rate to climb to a level of 10.00%.
Euro-zone manufacturing PMI advanced in November
In November, the final manufacturing PMI climbed to 53.70 in the Euro-zone, compared to a level of 53.50 in the prior month. The preliminary figures had also indicated a rise to 53.70. Markets were expecting the manufacturing PMI to remain unchanged at 53.70.
German manufacturing PMI fell in November
The final manufacturing PMI in Germany dropped to 54.30 in November, compared to a reading of 55.00 in the prior month. Market anticipation was for manufacturing PMI to ease to 54.40. The preliminary figures had recorded a drop to 54.40.
French manufacturing PMI registered a drop in November
The final manufacturing PMI in France recorded a drop to 51.70 in November, compared to market expectations of a drop to 51.50. Manufacturing PMI had recorded a level of 51.80 in the prior month. The preliminary figures had recorded a drop to 51.50.
Italian GDP climbed in 3Q 2016
The final gross domestic product (GDP) rose 0.30% in Italy on a QoQ basis, in 3Q 2016. In the previous quarter, the GDP had recorded a flat reading. The preliminary figures had also indicated an advance of 0.30%.
Italian unemployment rate registered a drop in October
Unemployment rate in Italy dropped to 11.60% in October. Unemployment rate had registered a reading of 11.70% in the previous month.
Italian manufacturing PMI advanced in November
In November, the manufacturing PMI recorded a rise to 52.20 in Italy, compared to a level of 50.90 in the previous month. Market anticipation was for the manufacturing PMI to rise to 51.30.
Spanish manufacturing PMI advanced in November
In Spain, the manufacturing PMI advanced to 54.50 in November, compared to a level of 53.30 in the prior month. Market anticipation was for the manufacturing PMI to rise to 53.70.
Swiss real retail sales eased in October
Real retail sales dropped 0.50% on an annual basis in Switzerland, in October. In the prior month, real retail sales had registered a revised drop of 2.10%.
Swiss SVME manufacturing PMI climbed in November
The SVME manufacturing PMI in Switzerland recorded a rise to 56.60 in November, compared to a level of 54.70 in the previous month.
US construction spending rose less than expected in October
Construction spending in the US climbed 0.50% in October on a monthly basis, less than market expectations for a rise of 0.60%. In the prior month, construction spending had recorded a revised unchanged reading.
US ISM backlog orders recorded a rise in November
ISM backlog orders rose to a level of 49.00 in November, in the US, compared to a level of 45.50 in the prior month.
US ISM production advanced in November
ISM production in the US climbed to 56.00 in November, compared to a level of 54.60 in the previous month.
US number of planned layoffs by US companies eased in November
On a YoY basis, the number of planned layoffs by US companies fell 13.00% in the US, in November. The number of planned layoffs by US companies had registered a drop of 39.10% in the previous month.
US Markit manufacturing PMI rose in November
The final Markit manufacturing PMI advanced to 54.10 in the US, in November, higher than market expectations of a rise to 53.90. The preliminary figures had recorded an advance to 53.90. In the prior month, the Markit manufacturing PMI had recorded a level of 53.40.
US initial jobless claims rose in the last week
In the week ended 26 November 2016, the seasonally adjusted initial jobless claims in the US rose to a level of 268.00 K, higher than market expectations of an advance to a level of 253.00 K. In the prior week, initial jobless claims had registered a level of 251.00 K.
US continuing jobless claims recorded an unexpected rise in the last week
The seasonally adjusted continuing jobless claims in the US rose unexpectedly to 2081.00 K in the week ended 19 November 2016, higher than market expectations of a fall to 2033.00 K. Continuing jobless claims had recorded a reading of 2043.00 K in the previous week.
US ISM manufacturing activity index advanced in November
The ISM manufacturing activity index advanced to 53.20 in the US, in November, compared to a level of 51.90 in the prior month. Markets were expecting the ISM manufacturing activity index to advance to 52.50.
US ISM prices paid index remained unchanged in November
The ISM prices paid index in the US remained unchanged at 54.50 in November, in line with market expectations.
US ISM new orders registered a rise in November
ISM new orders in the US advanced to 53.00 in November, compared to a level of 52.10 in the prior month.
Japanese vehicle sales rose in November
On an annual basis, vehicle sales climbed 13.90% in Japan, in November. In the previous month, vehicle sales had recorded a rise of 0.80%.
Japanese monetary base rose in November
On a YoY basis, the monetary base advanced 21.50% in November, in Japan. In the previous month, the monetary base had registered a rise of 22.10%.
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