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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone retail sales declined as expected in November
On a MoM basis, the seasonally adjusted retail sales in the Euro-zone fell 0.40% in November, meeting market expectations. In the prior month, retail sales had recorded a revised rise of 1.40%.
Euro-zone industrial confidence index climbed in December
The industrial confidence index in the Euro-zone climbed to 0.10 in December, compared to market expectations of an advance to -0.40. The industrial confidence index had recorded a level of -1.10 in the prior month.
Euro-zone business climate indicator climbed in December
The business climate indicator climbed to 0.79 in the Euro-zone, in December, higher than market expectations of a rise to a level of 0.47. In the prior month, the business climate indicator had recorded a revised reading of 0.41.
Euro-zone economic sentiment indicator advanced in December
The economic sentiment indicator climbed to 107.80 in the Euro-zone, in December, higher than market expectations of a rise to a level of 106.80. The economic sentiment indicator had recorded a revised reading of 106.60 in the previous month.
Euro-zone consumer confidence index recorded a rise in December
The final consumer confidence index registered a rise to -5.10 in December, in the Euro-zone, compared to a revised reading of -6.20 in the previous month. Markets were expecting the consumer confidence index to climb to a level of -5.10. The preliminary figures had also indicated a rise to -5.10.
Euro-zone services sentiment indicator advanced unexpectedly in December
In December, the services sentiment indicator in the Euro-zone advanced unexpectedly to a level of 12.90, compared to market expectations of a fall to 12.00. In the prior month, the services sentiment indicator had registered a revised reading of 12.20.
German factory orders advanced less than expected in November
In November, on a YoY basis, the non-seasonally adjusted factory orders rose 3.00% in Germany, compared to a rise of 6.30% in the prior month. Markets were anticipating factory orders to advance 3.60%.
German factory orders fell more than expected in November
On a monthly basis, the seasonally adjusted factory orders eased 2.50% in Germany, in November, more than market expectations for a drop of 2.40%. In the prior month, factory orders had registered a revised rise of 5.00%.
French current account deficit dropped in November
In November, current account deficit in France dropped to €2.30 billion, compared to a current account deficit of €3.50 billion in the previous month.
French trade deficit dropped in November
Trade deficit in France dropped to €4.38 billion in November, compared to a revised trade deficit of €5.15 billion in the prior month. Markets were expecting the nation to post a trade deficit of €4.80 billion.
Swiss foreign currency reserves eased surprisingly in December
Foreign currency reserves in Switzerland dropped unexpectedly to a level of CHF 645.30 billion in December, compared to a revised reading of CHF 647.80 billion in the previous month. Market expectation was for foreign currency reserves to rise to a level of CHF 649.00 billion.
Fed’s Evans gave nod to three rate increases this year
The Chicago Federal Reserve (Fed) President, Charles Evans stated he has two rate increases pencilled in for 2017, but added that a forecast of three hikes is “not implausible”.
Fed’s Kaplan backed gradual pace of rate increases for 2017
The Dallas Fed President, Robert Kaplan supported a gradual and patient path for interest rate hikes in 2017, arguing that it was too early to know whether Trump’s administration policies would boost economic growth. He stated that he was not ready to “pre-judge” changes in tax and spending policies in the incoming administration.
Private payrolls in the US recorded a rise in December
Private payrolls in the US registered a rise of 144.00 K in December, following a revised gain of 198.00 K in the previous month. Markets were expecting private payrolls to advance 170.00 K.
US unemployment rate recorded a rise in December
Unemployment rate recorded a rise to 4.70% in December, in the US, in line with market expectations. Unemployment rate had registered a level of 4.60% in the previous month.
Household employment in the US rose in December
Household employment recorded an increase of 63.00 K in the US, in December. Household employment had recorded an increase of 160.00 K in the previous month.
US trade deficit rose in November
Trade deficit in the US expanded to $45.20 billion in November, following a revised trade deficit of $42.40 billion in the previous month. Market anticipation was for the nation’s trade deficit to rise to $45.40 billion.
US average weekly hours of all employees remained flat in December
Average weekly hours of all employees remained steady at 34.30 in December, in the US, lower than market expectations of an advance to a level of 34.40.
US non-defence capital goods orders (ex aircraft) registered a rise in November
The final non-defence capital goods orders (ex aircraft) in the US registered a rise of 0.90% in November, on a monthly basis. The non-defence capital goods orders (ex aircraft) had climbed 0.20% in the prior month. The preliminary figures had also indicated an advance of 0.90%.
US average hourly earnings of all employees advanced more than expected in December
In December, on a monthly basis, average hourly earnings of all employees in the US rose 0.40%, compared to a drop of 0.10% in the previous month. Markets were anticipating average hourly earnings of all employees to climb 0.30%.
US average hourly earnings of all employees advanced more than expected in December
Average hourly earnings of all employees in the US recorded a rise of 2.90% on an annual basis in December, compared to a rise of 2.50% in the prior month. Market anticipation was for average hourly earnings of all employees to advance 2.80%.
US factory orders fell more than expected in November
Factory orders registered a drop of 2.40% in the US, on a monthly basis in November, higher than market expectations for a drop of 2.30%. In the previous month, factory orders had advanced by a revised 2.80%.
US underemployment rate declined in December
Underemployment rate eased to 9.20% in December, in the US. Underemployment rate had registered a level of 9.30% in the previous month.
Non-farm payrolls in the US recorded an increase in December
Non-farm payrolls in the US registered a rise of 156.00 K in December, lower than market expectations of an advance of 175.00 K. Non-farm payrolls had registered a revised increase of 204.00 K in the prior month.
US durable goods orders (ex transportation) rose more than expected in November
In November, the final durable goods orders (ex transportation) in the US advanced 0.60% on a MoM basis, compared to a revised advance of 0.90% in the prior month. Markets were expecting durable goods orders (ex transportation) to rise 0.20%. The preliminary figures had recorded a rise of 0.50%.
US durable goods orders declined less than expected in November
The final durable goods orders in the US recorded a drop of 4.50% in November on a monthly basis, lower than market expectations for a fall of 4.60%. The preliminary figures had indicated a fall of 4.60%. In the previous month, durable goods orders had registered a revised rise of 4.80%.
Manufacturing payrolls in the US rose surprisingly in December
Manufacturing payrolls in the US recorded an unexpected increase of 17.00 K in December, more than market expectations of a decline of 0.00 K. Manufacturing payrolls had registered a revised fall of 7.00 K in the prior month.
US non-defence capital goods shipments (ex aircraft) registered a rise in November
The final non-defence capital goods shipments (ex aircraft) in the US recorded a rise of 0.20% in November, on a monthly basis. In the prior month, the non-defence capital goods shipments (ex aircraft) had registered a revised drop of 0.30%. The preliminary figures had also indicated a rise of 0.20%.
Canadian Ivey PMI declined in December
The non-seasonally adjusted Ivey PMI in Canada fell to a level of 49.40 in December, compared to a level of 56.50 in the prior month.
Part time employment in Canada slid in December
In Canada, part time employment recorded a drop of 27.60 K in December, following an advance of 19.40 K in the previous month.
Number of full time employment in Canada recorded a rise in December
The number of full time employment recorded an increase of 81.30 K in Canada, in December, following a loss of 8.70 K in the prior month.
Canadian participation rate climbed surprisingly in December
In December, the participation rate rose unexpectedly to 65.80% in Canada, higher than market expectations of a steady reading. The participation rate had recorded a reading of 65.60% in the prior month.
Canada posted international merchandise trade surplus in November
The international merchandise trade surplus in Canada recorded a reading of C$0.53 billion in November, from a revised international merchandise trade deficit of C$1.02 billion in the previous month. Market expectation was for the nation’s international merchandise trade deficit to rise to C$1.60 billion.
Net number of people employed in Canada registered an unexpected increase in December
The net number of people employed in Canada climbed unexpectedly by 53.70 K in December, compared to an increase of 10.70 K in the prior month. Markets were anticipating the net number of people employed to decline 2.50 K.
Canadian Ivey PMI climbed in December
In Canada, the seasonally adjusted Ivey PMI recorded a rise to 60.80 in December. In the previous month, Ivey PMI had registered a reading of 56.80.
Canadian unemployment rate climbed in December
The unemployment rate rose to a level of 6.90% in Canada, in December, compared to a reading of 6.80% in the prior month. Markets were expecting the unemployment rate to rise to 6.90%.
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