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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction PMI recorded an unexpected rise in November
In the UK, the construction PMI climbed unexpectedly to a level of 52.80 in November, compared to a reading of 52.60 in the prior month. Market anticipation was for the construction PMI to fall to a level of 52.20.
Euro-zone PPI advanced more than expected in October
In October, the producer price index (PPI) rose 0.80% in the Euro-zone on a MoM basis, more than market expectations for a rise of 0.40%. The PPI had recorded a rise of 0.10% in the previous month.
Number of people unemployed in Spain increased unexpectedly in November
Number of people unemployed in Spain climbed unexpectedly by 24.80 K in November, compared to an increase of 44.70 K in the previous month. Market anticipation was for number of people unemployed to decline 25.60 K.
Swiss GDP advanced less than expected in 3Q 2016
On a YoY basis, gross domestic product (GDP) advanced 1.30% in 3Q 2016, in Switzerland, compared to a rise of 2.00% in the prior quarter. Market anticipation was for GDP to climb 1.80%.
Swiss GDP remained flat in 3Q 2016
On a QoQ basis in 3Q 2016, the seasonally adjusted GDP remained steady in Switzerland, compared to a rise of 0.60% in the prior quarter. Market expectation was for GDP to advance 0.30%.
US underemployment rate fell in November
Underemployment rate recorded a drop to 9.30% in November, in the US. In the prior month, underemployment rate had registered a reading of 9.50%.
Private payrolls in the US registered a rise in November
Private payrolls advanced by 156.00 K in the US, in November, lower than market expectations of an advance of 175.00 K. Private payrolls had recorded a revised increase of 135.00 K in the prior month.
US unemployment rate fell surprisingly in November
In the US, unemployment rate fell unexpectedly to 4.60% in November, lower than market expectations of a steady reading. Unemployment rate had registered a reading of 4.90% in the prior month.
US average weekly hours of all employees remained flat in November
In November, average weekly hours of all employees remained steady at 34.40 in the US, at par with market expectations.
US New York City current business condition index advanced in November
The New York City current business condition index in the US recorded a rise to 52.50 in November, compared to a level of 49.20 in the prior month.
Household employment in the US advanced in November
Household employment rose by 160.00 K in the US, in November, compared to a decline of 43.00 K in the previous month.
Non-farm payrolls in the US advanced in November
Non-farm payrolls in the US climbed by 178.00 K in November, lower than market anticipations of an advance of 180.00 K. Non-farm payrolls had recorded a revised gain of 142.00 K in the previous month.
US average hourly earnings of all employees rose less than expected in November
On an annual basis, in the US, average hourly earnings of all employees rose 2.50% in November, less than market expectations for an advance of 2.80%. In the prior month, average hourly earnings of all employees had climbed 2.80%.
Manufacturing payrolls in the US declined in November
Manufacturing payrolls fell by 4.00 K in the US, in November, higher than market expectations of a decline of 2.00 K. Manufacturing payrolls had registered a revised decline of 5.00 K in the previous month.
US average hourly earnings of all employees surprisingly dropped in November
Average hourly earnings of all employees in the US unexpectedly fell 0.10% on a monthly basis in November, lower than market expectations for a rise of 0.20%. In the prior month, average hourly earnings of all employees had registered a rise of 0.40%.
Canadian labour productivity advanced more than expected in 3Q 2016
On a QoQ basis, labour productivity registered a rise of 1.20% in 3Q 2016, in Canada, compared to a revised drop of 0.20% in the previous quarter. Markets were anticipating labour productivity to rise 1.00%.
Net number of people employed in Canada increased unexpectedly in November
The net number of people employed recorded an unexpected increase of 10.70 K in Canada, in November, higher than market anticipations of a decline of 15.00 K. The net number of people employed had registered an increase of 43.90 K in the previous month.
Part time employment in Canada rose in November
Part time employment in Canada climbed by 19.40 K in November. Part time employment had recorded a gain of 67.10 K in the prior month.
Canadian participation rate dropped in November
In November, the participation rate registered a drop to 65.60% in Canada. In the previous month, the participation rate had recorded a level of 65.80%.
Canadian unemployment rate fell surprisingly in November
The unemployment rate registered an unexpected drop to 6.80% in November, in Canada, compared to market expectations of an unchanged reading. In the previous month, the unemployment rate had registered a level of 7.00%.
Number of full time employment in Canada eased in November
In Canada, the number of full time employment dropped by 8.70 K in November. The number of full time employment had recorded a loss of 23.10 K in the prior month.
Japanese corporate loans & discounts advanced in October
On a YoY basis, corporate loans & discounts in Japan recorded a rise of 2.29% in October. Corporate loans & discounts had climbed 2.11% in the previous month.
Japanese Markit composite PMI rose in November
Markit composite PMI advanced to 52.00 in Japan, in November. In the previous month, Markit composite PMI had recorded a level of 51.30.
Chinese Caixin/Markit services PMI index advanced in November
In November, the Caixin/Markit services PMI index in China recorded a rise to 53.10, compared to a reading of 52.40 in the prior month.
Chinese Caixin composite PMI steadied in November
In November, Caixin composite PMI in China remained steady at 52.90.
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