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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing production advanced more than expected in August
In August, manufacturing production recorded a rise of 2.80% in the UK on a YoY basis, compared to a revised advance of 2.70% in the prior month. Markets were expecting manufacturing production to advance 1.90%.
UK trade deficit expanded in August
The UK has reported non-EU trade deficit of £5.84 billion in August, following a revised trade deficit of £5.34 billion in the previous month. Markets were expecting the nation to record a trade deficit of £3.60 billion.
UK total trade deficit expanded in August
Total trade deficit in the UK widened to £5.63 billion in August, more than market expectations of a total trade deficit of £2.80 billion. The UK had reported a revised total trade deficit of £4.24 billion in the prior month.
UK construction output rose more than expected in August
On an annual basis, construction output rose 3.50% in the UK, in August, higher than market expectations for an advance of 0.20%. In the previous month, construction output had risen by a revised 2.70%.
UK industrial production rose more than expected in August
In August, on a YoY basis, industrial production advanced 1.60% in the UK, higher than market expectations for an advance of 0.90%. Industrial production had advanced by a revised 1.10% in the prior month.
UK visible trade deficit widened in August
Visible trade deficit in the UK widened to £14.25 billion in August, compared to a revised visible trade deficit of £12.83 billion in the previous month. Markets were expecting the country’s visible trade deficit to fall to £11.15 billion.
UK manufacturing production rose more than expected in August
Manufacturing production registered a rise of 0.40% in the UK, on a monthly basis in August, more than market expectations for an advance of 0.20%. In the previous month, manufacturing production had registered a revised similar rise.
UK industrial production advanced as expected in August
In August, industrial production recorded a rise of 0.20% in the UK on a monthly basis, at par with market expectations. In the prior month, industrial production had registered a revised rise of 0.30%.
UK NIESR estimated GDP rose in the July-September 2017 period
NIESR estimated gross domestic product (GDP) recorded a rise of 0.40% on a monthly basis, in the July-September 2017 period, in the UK. NIESR estimated GDP had climbed by a revised 0.50% in the June-August 2017 period.
UK construction output surprisingly rose in August
On a MoM basis in August, construction output registered an unexpected rise of 0.60% in the UK, higher than market expectations for a steady reading. In the prior month, construction output had recorded a revised drop of 1.00%.
German current account surplus narrowed in August
Germany has registered the non-seasonally adjusted current account surplus of €17.80 billion in August, following a revised current account surplus of €19.60 billion in the previous month. Markets were expecting the nation to post a current account surplus of €17.00 billion.
German trade surplus rose in August
The seasonally adjusted trade surplus in Germany widened to €20.00 billion in August, compared to a revised trade surplus of €19.30 billion in the previous month. Markets were expecting the country’s trade surplus to rise to €19.50 billion.
German exports rose more than expected in August
On a MoM basis in Germany, the seasonally adjusted exports recorded a rise of 3.10% in August, more than market expectations for an advance of 1.10%. Exports had registered a rise of 0.20% in the prior month.
German imports rose more than expected in August
In August, on a MoM basis, the seasonally adjusted imports in Germany recorded a rise of 1.20%, more than market expectations for a rise of 0.50%. In the prior month, imports had advanced by a revised 2.40%.
French manufacturing production dropped in August
Manufacturing production eased 0.40% on a MoM basis, in August, in France. In the previous month, manufacturing production had climbed by a revised 0.60%.
French industrial production surprisingly slid in August
On a MoM basis in France, industrial production unexpectedly dropped 0.30% in August, lower than market expectations for a rise of 0.40%. Industrial production had risen by a revised 0.80% in the prior month.
Italian industrial production advanced more than expected in August
On a YoY basis, the non-seasonally adjusted industrial production recorded a rise of 5.60% in August, in Italy, higher than market expectations for an advance of 2.50%. Industrial production had climbed by a revised 4.60% in the prior month.
Italian industrial production rose more than expected in August
The working day adjusted industrial production advanced 5.70% on an annual basis in Italy, in August, compared to a revised rise of 4.60% in the prior month. Markets were expecting industrial production to climb 2.90%.
Italian industrial production rose more than expected in August
On a monthly basis, in August, the seasonally adjusted industrial production rose 1.20% in Italy, higher than market expectations for a rise of 0.10%. In the previous month, industrial production had registered a rise of 0.10%.
Swiss unemployment rate surprisingly fell in September
In September, the seasonally adjusted unemployment rate recorded an unexpected drop to a level of 3.10% in Switzerland, compared to a level of 3.20% in the previous month. Market expectation was for unemployment rate to remain unchanged.
US small business optimism index declined in September
The small business optimism index recorded a drop to 103.00 in the US, in September, compared to a reading of 105.30 in the prior month. Market expectation was for the small business optimism index to ease to a level of 105.00.
US Redbook index fell in the last week
In the US, the seasonally adjusted Redbook index dropped 1.50% in the week ended 06 October 2017 on a monthly basis. In the prior week, the Redbook index had recorded an unchanged reading.
US Redbook index rose in the last week
In the week ended 06 October 2017, on a YoY basis, the Redbook index in the US climbed 3.20%. In the previous week, the Redbook index had climbed 4.10%.
Canadian housing starts declined in September
In September, the seasonally adjusted housing starts eased to 217.10 K in Canada, compared to a level of 223.20 K in the prior month. Market anticipation was for housing starts to ease to a level of 212.00 K.
Canadian building permits dropped more than expected in August
Building permits in Canada dropped 5.50% on a MoM basis in August, more than market expectations for a fall of 1.00%. In the previous month, building permits had recorded a revised drop of 2.80%.
Japanese Eco Watchers Survey for current situation climbed in September
Eco Watchers Survey for the current situation recorded a rise to 51.30 in September, in Japan, higher than market expectations of a rise to 50.20. In the previous month, Eco Watchers Survey for the current situation had registered a reading of 49.70.
Japanese machinery orders advanced more than expected in August
Machinery orders climbed 4.40% on an annual basis in Japan, in August, compared to a drop of 7.50% in the previous month. Markets were anticipating machinery orders to rise 0.70%.
Japanese Eco Watchers Survey for future outlook slid in September
Eco Watchers Survey for the future outlook fell to a level of 51.00 in Japan, in September, higher than market expectations of a drop to 50.50. Eco Watchers Survey for the future outlook had recorded a level of 51.10 in the prior month.
Japanese corporate bankruptcies rose in September
Corporate bankruptcies in Japan climbed 4.62% in September on a YoY basis. In the previous month, corporate bankruptcies had recorded a drop of 11.98%.
Japanese machinery orders rose more than expected in August
On a MoM basis in Japan, machinery orders registered a rise of 3.40% in August, higher than market expectations for a rise of 1.00%. In the previous month, machinery orders had advanced 8.00%.
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