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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP rose more than expected in 3Q 2016
In 3Q 2016, on a QoQ basis, the final gross domestic product (GDP) in the UK climbed 0.60%, compared to a rise of 0.70% in the prior quarter. Market expectation was for GDP to advance 0.50%. The preliminary figures had recorded an advance of 0.50%.
German consumer confidence index recorded a rise in January
Compared to a reading of 9.80 in the prior month the consumer confidence index in Germany rose to a level of 9.90 in January. Market anticipation was for the consumer confidence index to rise to a level of 9.90.
US Reuters/Michigan consumer sentiment index climbed in December
In December, the final Reuters/Michigan consumer sentiment index climbed to 98.20 in the US, higher than market expectations of an advance to 98.00. The preliminary figures had indicated an advance to 98.00. In the previous month, the Reuters/Michigan consumer sentiment index had recorded a reading of 93.80.
US new home sales registered a rise in November
In November, new home sales in the US rose 5.20%, on monthly basis, to a level of 592.00 K, higher than market expectations of 575.00 K. In the prior month, new home sales had recorded a revised reading of 563.00 K.
US S&P/Case-Shiller composite index of 20 metropolitan areas advanced more than expected in October
In October, on a MoM basis, the seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas climbed 0.63% in the US, more than market expectations for a rise of 0.51%. In the previous month, the S&P/Case-Shiller composite index of 20 metropolitan areas had registered a revised rise of 0.48%.
US Richmond Fed manufacturing index recorded a rise in December
In December, the Richmond Fed manufacturing index advanced to 8.00 in the US, compared to a reading of 4.00 in the previous month. Market expectation was for the Richmond Fed manufacturing index to rise to 5.00.
US S&P/Case-Shiller composite HPI of 20 metropolitan areas advanced more than expected in October
In an annual basis, the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas in the US registered a rise of 5.10% in October, more than market expectations for an advance of 5.03%. In the previous month, the S&P/Case-Shiller composite HPI of 20 metropolitan areas had recorded a revised rise of 5.03%.
US S&P/Case-Shiller HPI climbed in October
The S&P/Case-Shiller HPI in the US rose to a level of 191.79 in October, compared to a revised reading of 191.68 in the previous month.
US CB consumer confidence index climbed surprisingly in December
In the US, the CB consumer confidence index climbed unexpectedly to a level of 113.70 in December, higher than market expectations of a fall to a level of 109.00. In the previous month, the CB consumer confidence index had registered a revised reading of 109.40.
Japanese housing starts rose less than expected in November
On a YoY basis, in November, housing starts advanced 6.70% in Japan, compared to a rise of 13.70% in the prior month. Market anticipation was for housing starts to climb 9.80%.
Japanese vehicle production rose in November
In November, on a YoY basis, vehicle production in Japan rose 6.60%. Vehicle production had dropped 3.90% in the prior month.
Japanese annualised housing starts fell in November
In Japan, the annualised housing starts fell to a level of 0.94 million units in November, lower than market expectations of a fall to a level of 0.97 million units. In the previous month, the annualised housing starts had recorded a reading of 0.98 million units.
Japanese large retailer’s sales registered a drop in November
In November, on a monthly basis, large retailer’s sales eased 0.30% in Japan. In the prior month, large retailer’s sales had dropped 1.00%.
Japanese small business confidence index climbed in December
The small business confidence index registered a rise to 48.80 in December, in Japan. In the previous month, the small business confidence index had recorded a reading of 48.30.
Japanese industrial production rose less than expected in November
In November, the preliminary industrial production recorded a rise of 1.50% on a monthly basis in Japan, compared to a flat reading in the previous month. Markets were anticipating industrial production to rise 1.70%.
Japanese industrial production advanced less than expected in November
In November, the flash industrial production climbed 4.60% in Japan on an annual basis, compared to a fall of 1.40% in the prior month. Market expectation was for industrial production to climb 4.70%.
Japanese construction orders slid in November
In November, on a YoY basis, construction orders eased 6.00% in Japan. Construction orders had recorded a rise of 15.20% in the prior month.
Japanese retail trade rose more than expected in November
In November, retail trade climbed 1.70% on a YoY basis in Japan, compared to a revised fall of 0.20% in the previous month. Markets were expecting retail trade to advance 0.80%.
Japanese retail trade unexpectedly rose in November
In November, retail trade registered an unexpected rise of 0.20% in Japan, on a monthly basis, higher than market expectations for a drop of 0.50%. Retail trade had advanced 2.50% in the previous month.
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