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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK net lending secured on dwellings advanced more than expected in December
In the UK, net lending secured on dwellings rose £3.80 billion in December, more than market expectations for an advance of £3.20 billion. In the previous month, net lending secured on dwellings had recorded a revised rise of £3.10 billion.
UK M4 money supply climbed in December
On a YoY basis, M4 money supply climbed 6.20% in December, in the UK. M4 money supply had climbed 6.40% in the prior month.
UK consumer credit advanced in December
Seasonally adjusted consumer credit advanced £22.18 billion in the UK, in December. Consumer credit had risen by a revised £22.00 billion in the previous month.
UK M4 Ex-IOFCs 3M annualised recorded a rise in December
In December, on a monthly basis, M4 Ex-IOFCs 3M annualised in the UK advanced 3.50%. M4 Ex-IOFCs 3M annualised had registered a revised rise of 4.60% in the previous month.
UK BRC shop price index eased in January
The BRC shop price index dropped 1.70% in the UK on a YoY basis, in January. The BRC shop price index had registered a drop of 1.40% in the prior month.
UK net consumer credit rose less than expected in December
Net consumer credit in the UK registered a rise of £1.00 billion in December, compared to a rise of £1.90 billion in the prior month. Market expectation was for net consumer credit to advance £1.70 billion.
UK M4 money supply eased in December
On a MoM basis, M4 money supply eased 0.50% in December, in the UK. M4 money supply had recorded a rise of 0.40% in the prior month.
UK net lending to individuals recorded a rise in December
In the UK, net lending to individuals climbed £4.80 billion in December. In the previous month, net lending to individuals had recorded a rise of £5.10 billion.
UK number of mortgage approvals for house purchases advanced in December
In the UK, number of mortgage approvals for house purchases recorded a rise to 67.90 K in December, compared to market expectations of a rise to 69.20 K. In the previous month, number of mortgage approvals for house purchases had registered a level of 67.50 K.
Euro-zone unemployment rate registered an unexpected drop in December
In December, the unemployment rate in the Euro-zone registered an unexpected drop to a level of 9.60%, lower than market expectations of a rise to 9.80%. The unemployment rate had recorded a revised level of 9.70% in the prior month.
Euro-zone CPI advanced more than expected in January
In January, on a YoY basis, the final consumer price index (CPI) climbed 1.80% in the Euro-zone, compared to a rise of 1.10% in the prior month. The preliminary figures had indicated an advance of 1.10%. Markets were anticipating the CPI to climb 1.50%.
Euro-zone core CPI advanced as expected in January
In the Euro-zone, the flash core CPI registered a rise of 0.90% in January, on an annual basis, meeting market expectations. In the prior month, the core CPI had registered a similar rise.
Euro-zone GDP advanced as expected in 4Q 2016
In 4Q 2016, on a quarterly basis, the seasonally adjusted flash gross domestic product (GDP) in the Euro-zone rose 0.50%, at par with market expectations. In the prior quarter, GDP had risen 0.30%.
Euro-zone GDP advanced more than expected in 4Q 2016
On a YoY basis in the Euro-zone, the seasonally adjusted GDP registered a rise of 1.80% in 4Q 2016, compared to a rise of 1.70% in the prior quarter. Market anticipation was for GDP to climb 1.70%.
German number of people unemployed fell more than expected in January
The number of people unemployed dropped 26.00 K in Germany, in January, higher than market expectations for a drop of 5.00 K. The number of people unemployed had fallen by a revised 20.00 K in the previous month.
German unemployment rate declined unexpectedly in January
In January, the seasonally adjusted unemployment rate in Germany registered an unexpected drop to 5.90%, lower than market expectations of an unchanged reading. In the previous month, unemployment rate had registered a level of 6.00%.
German retail sales unexpectedly declined in December
On a YoY basis, in Germany, retail sales unexpectedly dropped 1.10% in December, compared to a revised rise of 3.50% in the previous month. Market expectation was for retail sales to rise 0.50%.
German retail sales unexpectedly dropped in December
In December, retail sales recorded an unexpected drop of 0.90% in Germany, on a MoM basis, lower than market expectations for an advance of 0.60%. Retail sales had dropped by a revised 1.70% in the previous month.
French CPI (ex-tobacco) rose more than expected in January
The preliminary consumer price index (CPI) (ex-tobacco) in France rose 1.40% on an annual basis in January, higher than market expectations for a rise of 1.00%. In the prior month, the CPI (ex-tobacco) had climbed 0.60%.
French consumer spending unexpectedly slid in December
In December, on a monthly basis, consumer spending in France unexpectedly eased 0.80%, compared to a revised advance of 0.60% in the previous month. Markets were expecting consumer spending to climb 0.20%.
French EU normalised CPI dropped less than expected in January
The flash EU normalised CPI registered a drop of 0.20% in France on a MoM basis in January, compared to a rise of 0.30% in the previous month. Market expectation was for EU normalised CPI to fall 0.50%.
French PPI advanced in December
The producer price index (PPI) climbed 0.90% on a MoM basis, in December, in France. The PPI had recorded a revised rise of 0.70% in the previous month.
French CPI (ex-tobacco) fell less than expected in January
On a MoM basis, the preliminary CPI (ex-tobacco) recorded a drop of 0.20% in January, in France, less than market expectations for a drop of 0.50%. The CPI (ex-tobacco) had registered a rise of 0.30% in the prior month.
French GDP rose as expected in 4Q 2016
On an annual basis, in 4Q 2016, the flash GDP recorded a rise of 1.10% in France, compared to an advance of 1.00% in the prior quarter. Markets were expecting GDP to advance 1.10%.
French GDP rose as expected in 4Q 2016
On a quarterly basis, the flash GDP rose 0.40% in 4Q 2016, in France, in line with market expectations. In the prior quarter, GDP had advanced 0.20%.
Italian PPI recorded a rise in December
The PPI registered a rise of 0.60% on a MoM basis in Italy, in December. In the prior month, the PPI had fallen 0.20%.
Italian unemployment rate remained steady in December
In Italy, unemployment rate remained flat at a level of 12.00% in December, compared to market expectations of a fall to a level of 11.80%.
Italian PPI advanced in December
On an annual basis, the PPI in Italy rose 0.90% in December. The PPI had fallen 0.30% in the prior month.
Spanish current account surplus widened in November
Spain has registered current account surplus of €3.30 billion in November, from a current account surplus of €2.00 billion in the prior month.
Spanish CPI rose more than expected in January
The flash CPI registered a rise of 3.00% in Spain on an annual basis in January, higher than market expectations for a rise of 2.40%. The CPI had advanced 1.60% in the previous month.
Spanish HICP index fell less than expected in January
On a monthly basis, the preliminary harmonised consumer price (HICP) index in Spain registered a drop of 0.90% in January, lower than market expectations for a fall of 1.60%. The HICP index had risen 0.50% in the prior month.
Spanish CPI dropped less than expected in January
The flash CPI slid 0.50% in Spain on a MoM basis in January, compared to a rise of 0.60% in the prior month. Markets were expecting the CPI to ease 1.10%.
Spanish HICP index rose more than expected in January
On an annual basis, the preliminary HICP index climbed 3.00% in Spain, in January, compared to an advance of 1.40% in the previous month. Markets were expecting the HICP index to rise 2.20%.
US S&P/Case-Shiller composite index of 20 metropolitan areas advanced more than expected in November
In November, the seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas in the US registered a rise of 0.88% on a monthly basis, compared to a revised advance of 0.68% in the previous month. Market anticipation was for the S&P/Case-Shiller composite index of 20 metropolitan areas to advance 0.65%.
US S&P/Case-Shiller home price index advanced in November
In November, the S&P/Case-Shiller home price index in the US climbed to 192.14. In the prior month, the S&P/Case-Shiller home price index had recorded a revised reading of 191.77.
US Redbook index rose in the last week
On a YoY basis, the Redbook index advanced 0.20% in the week ended 27 January 2017, in the US. In the previous week, the Redbook index had advanced 0.30%.
US CB consumer confidence index recorded a drop in January
The CB consumer confidence index recorded a drop to 111.80 in the US, in January, lower than market expectations of a fall to 112.80. In the previous month, the CB consumer confidence index had recorded a revised reading of 113.30.
US S&P/Case-Shiller composite HPI of 20 metropolitan areas rose more than expected in November
On a YoY basis, the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas climbed 5.27% in the US, in November, more than market expectations for an advance of 5.03%. The S&P/Case-Shiller HPI of 20 metropolitan areas had registered a revised rise of 5.09% in the previous month.
US Chicago Fed purchasing managers’ index eased surprisingly in January
The Chicago Fed purchasing managers’ index eased unexpectedly to 50.30 in January, in the US, compared to market expectations of a rise to a level of 55.00. The Chicago Fed purchasing managers’ index had registered a revised level of 53.90 in the prior month.
US Redbook index slid in the last week
The seasonally adjusted Redbook index eased 3.50% on a MoM basis, in the week ended 27 January 2017, in the US. In the previous week, the Redbook index had registered a similar fall.
US employment cost index rose less than expected in 4Q 2016
On a QoQ basis, the employment cost index recorded a rise of 0.50% in 4Q 2016, in the US, lower than market expectations for a rise of 0.60%. The employment cost index had advanced 0.60% in the previous quarter.
Canadian GDP advanced more than expected in November
On an annual basis, in November, the GDP advanced 1.60% in Canada, higher than market expectations for an advance of 1.40%. In the previous month, the GDP had registered a revised similar rise.
Canadian industrial PPI rose less than expected in December
On a monthly basis, the industrial PPI advanced 0.40% in Canada, in December, less than market expectations for an advance of 0.50%. The industrial PPI had registered a revised similar rise in the previous month.
Canadian GDP advanced more than expected in November
The gross GDP rose 0.40% in Canada on a MoM basis in November, compared to a revised fall of 0.20% in the previous month. Market anticipation was for the GDP to rise 0.30%.
Canadian raw material price index rose more than expected in December
In December, the raw material price index advanced 6.50% in Canada on a MoM basis, higher than market expectations for an advance of 2.80%. The raw material price index had dropped by a revised 1.60% in the prior month.
Japanese annualised housing starts registered a decline in December
In December, the annualized housing starts in Japan eased to 0.92 million units, compared to market expectations of a drop to 0.94 million units. The annualized housing starts had recorded a revised level of 0.95 million units in the previous month.
Japanese construction orders climbed in December
In December, on a YoY basis, construction orders recorded a rise of 7.10% in Japan. Construction orders had dropped 6.00% in the prior month.
Japanese housing starts rose less than expected in December
In December, housing starts registered a rise of 3.90% on an annual basis in Japan, less than market expectations for a rise of 8.30%. In the previous month, housing starts had risen 6.70%.
Japanese small business confidence index slid in January
The small business confidence index registered a drop to 48.30 in Japan, in January. In the prior month, the small business confidence index had recorded a level of 48.80.
Japanese manufacturing PMI climbed in January
The final manufacturing PMI recorded a rise to 52.70 in Japan, in January. Manufacturing PMI had registered a level of 52.40 in the prior month. The preliminary figures had indicated a rise to 52.80.
Chinese NBS non-manufacturing PMI rose in January
The NBS non-manufacturing PMI in China registered a rise to 54.60 in January, compared to a level of 54.50 in the prior month.
Chinese NBS manufacturing PMI dropped in January
In January, the NBS manufacturing PMI in China dropped to 51.30, higher than market expectations of a drop to a level of 51.20. In the previous month, the NBS manufacturing PMI had registered a level of 51.40.
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