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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index rose more than expected in December
In December, on a monthly basis, the Halifax house price index advanced 1.70% in the UK, more than market expectations for a rise of 0.30%. In the previous month, the Halifax house price index had advanced by a revised 0.60%.
UK retail sales across all sectors registered a rise in December
In the UK, retail sales across all sectors advanced 1.00% in December on a YoY basis. Retail sales across all sectors had registered a rise of 0.60% in the previous month.
UK Halifax house price index advanced more than expected in the October-December 2016 period
In the October-December 2016 period, the Halifax house price index advanced 6.50% on a YoY basis in the UK, more than market expectations for a rise of 5.80%. The Halifax house price index had recorded a rise of 6.00% in the September-November 2016 period.
Euro-zone unemployment rate remained flat in November
The unemployment rate remained steady at a level of 9.80% in November, in the Euro-zone. Market expectation was for the unemployment rate to record a flat reading.
Euro-zone investor confidence index climbed in January
The investor confidence index recorded a rise to 18.20 in the Euro-zone, in January, compared to a reading of 10.00 in the previous month. Markets were expecting the investor confidence index to rise to 12.80.
German industrial production rose more than expected in November
On a YoY basis, the non-seasonally & working day adjusted industrial production registered a rise of 2.20% in November, in Germany, higher than market expectations for a rise of 1.90%. In the previous month, industrial production had recorded a revised rise of 1.60%.
German exports advanced more than expected in November
On a MoM basis in Germany, the seasonally adjusted exports advanced 3.90% in November, compared to an advance of 0.50% in the prior month. Markets were anticipating exports to climb 0.50%.
German imports advanced more than expected in November
In November, the seasonally adjusted imports climbed 3.50% in Germany on a monthly basis, compared to a revised rise of 1.20% in the prior month. Markets were expecting imports to rise 1.10%.
German trade surplus expanded in November
Germany has posted the seasonally adjusted trade surplus of €22.60 billion in November, from a revised trade surplus of €19.40 billion in the prior month. Market anticipation was for a trade surplus of €20.30 billion.
German industrial production rose less than expected in November
In Germany, the seasonally adjusted industrial production registered a rise of 0.40% on a MoM basis in November, lower than market expectations for a rise of 0.60%. Industrial production had advanced by a revised 0.50% in the previous month.
German current account surplus expanded in November
In November, the non-seasonally adjusted current account surplus in Germany rose to €24.60 billion, from a revised current account surplus of €19.40 billion in the prior month. Markets were anticipating the country’s current account surplus to expand to €22.10 billion.
French business sentiment index climbed surprisingly in December
In December, the business sentiment index climbed unexpectedly to a level of 102.00 in France, higher than market expectations of a steady reading. The business sentiment index had recorded a level of 101.00 in the prior month.
Italian unemployment rate recorded an unexpected rise in November
Compared to a revised reading of 11.80% in the prior month unemployment rate in Italy rose unexpectedly to 11.90% in November. Market expectation was for unemployment rate to ease to a level of 11.60%.
Swiss real retail sales registered a rise in November
Real retail sales advanced 0.90% on a YoY basis in Switzerland, in November. Real retail sales had registered a revised drop of 0.70% in the prior month.
US consumer credit rose more than expected in November
Consumer credit in the US rose $24.53 billion in November, compared to a revised rise of $16.17 billion in the prior month. Market anticipation was for consumer credit to advance $18.40 billion.
Canada’s overall business lending conditions slid in 4Q 2016
The Bank of Canada, in its quarterly senior loan officer survey on business-lending practices, indicated that overall business lending conditions in Canada eased during the 4Q 2016, with the reading coming in at -2.60 from a reading of 3.30 in the previous quarter.
Chinese CPI advanced less than expected in December
In December, the consumer price index (CPI) recorded a rise of 2.10% in China on a YoY basis, less than market expectations for a rise of 2.20%. The CPI had risen 2.30% in the prior month.
Chinese CPI advanced less than expected in December
In December, on a monthly basis, the CPI climbed 0.20% in China, compared to an advance of 0.10% in the prior month. Market expectation was for the CPI to advance 0.30%.
Chinese PPI advanced more than expected in December
In December, the producer price index (PPI) recorded a rise of 5.50% on an annual basis in China, more than market expectations for an advance of 4.60%. The PPI had recorded a rise of 3.30% in the previous month.
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