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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German HICP remained steady in September
In September, on a monthly basis, the final harmonised consumer price index (HICP) in Germany remained flat, compared with an advance of 0.20% in the prior month. Market anticipation was for the HICP to record a flat reading. The preliminary figures had also recorded an unchanged reading.
German HICP rose as expected in September
In September, on an annual basis, the final harmonised consumer price index in Germany advanced 1.80%, meeting market expectations. In the prior month, the HICP had registered a similar rise. The preliminary figures had also indicated a rise of 1.80%.
German consumer price index (CPI) rose as expected in September
On a MoM basis in September, the final consumer price index (CPI) climbed 0.10% in Germany, meeting market expectations. The preliminary figures had also recorded an advance of 0.10%. In the prior month, the CPI had registered a similar rise.
German CPI rose as expected in September
The final CPI climbed 1.80% in Germany on a YoY basis in September, compared to a similar rise in the prior month. The preliminary figures had also indicated a rise of 1.80%. Markets were expecting the CPI to advance 1.80%.
Italian EU normalised CPI rose as expected in September
In September, on an annual basis, the final EU normalised CPI rose 1.30% in Italy, compared with an advance of 1.40% in the prior month. The preliminary figures had also recorded a rise of 1.30%. Markets were anticipating the EU normalised CPI to climb 1.30%.
Italian CPI dropped as expected in September
On a monthly basis in September, the final CPI registered a drop of 0.30% in Italy, in line with market expectations. The preliminary figures had also indicated a fall of 0.30%. The CPI had advanced 0.30% in the prior month.
Italian EU normalised CPI advanced as expected in September
In September, on a MoM basis, the final EU normalised CPI rose 1.80% in Italy, at par with market expectations. The preliminary figures had also recorded a rise of 1.80%. In the prior month, the EU normalised CPI had registered a rise of 0.10%.
Italian CPI advanced as expected in September
On a YoY basis in September, the final CPI climbed 1.10% in Italy, meeting market expectations. In the previous month, the CPI had climbed 1.20%. The preliminary figures had also recorded a rise of 1.10%.
Swiss producer and import price index advanced more than expected in September
On a MoM basis, the producer and import price index in Switzerland recorded a rise of 0.50% in September, higher than market expectations for an advance of 0.30%. In the previous month, the producer and import price index had recorded a rise of 0.30%.
Swiss producer and import price index rose more than expected in September
The producer and import price index in Switzerland registered a rise of 0.80% on a YoY basis in September, compared with an advance of 0.60% in the prior month. Markets were anticipating the producer and import price index to rise 0.60%.
Janet Yellen: US economy remains in good health, signals gradual rate hikes
The Federal Reserve (Fed) Chair, Janet Yellen, stated that the central bank expects to continue raising interest rates gradually as ongoing strength of the US economy and tightening labour market will eventually boost inflation. Further, Yellen acknowledged that the persistence of undesirably low inflation this year has been a surprise and that the central bank will be paying close attention to the inflation data in the months ahead. Yellen also reiterated that the impact of recent hurricanes on the economy would be temporary.
US CPI rose in September
The non-seasonally adjusted CPI rose to a level of 246.82 in the US, in September, compared to market expectations of a rise to a level of 246.90. In the prior month, the CPI had recorded a reading of 245.52.
US core CPI rose in September
In September, the seasonally adjusted core CPI in the US advanced to 252.86, compared to market expectations of an advance to a level of 253.06. In the prior month, the core CPI had registered a reading of 252.54.
US retail sales ex-autos rose more than expected in September
On a MoM basis, retail sales ex-autos registered a rise of 1.00% in the US, in September, higher than market expectations for a rise of 0.90%. Retail sales ex-autos had registered a revised rise of 0.50% in the previous month.
US CPI advanced less than expected in September
In September, on a monthly basis, the CPI in the US rose 0.50%, compared with an advance of 0.40% in the previous month. Market anticipation was for the CPI to rise 0.60%.
US CPI climbed in September
On a MoM basis, the non-seasonally adjusted CPI recorded a rise of 0.50% in September, in the US. CPI had climbed 0.30% in the prior month.
US business inventories advanced as expected in August
On a MoM basis, business inventories registered a rise of 0.70% in August, in the US, meeting market expectations. Business inventories had risen by a revised 0.30% in the previous month.
US advanced retail sales rose less than expected in September
In the US, advance retail sales climbed 1.60% on a MoM basis in September, lower than market expectations for a rise of 1.70%. In the previous month, advance retail sales had dropped by a revised 0.10%.
US retail sales Control Group rose as expected in September
In the US, retail sales Control Group rose 0.40% on a monthly basis in September, meeting market expectations. In the prior month, retail sales Control Group had registered a revised flat reading.
US CPI (ex-food & energy) rose less than expected in September
The CPI (ex-food & energy) rose 0.10% in the US on a monthly basis in September, lower than market expectations for a rise of 0.20%. The CPI (ex-food & energy) had recorded a rise of 0.20% in the previous month.
US CPI (ex-food & energy) rose less than expected in September
On an annual basis, the CPI (ex-food & energy) advanced 1.70% in the US, in September, compared to a similar rise in the previous month. Market expectation was for the CPI (ex-food & energy) to rise 1.80%.
US retail sales (ex-auto & gas) rose more than expected in September
On a MoM basis, in the US, retail sales (ex-auto & gas) climbed 0.50% in September, more than market expectations for an advance of 0.40%. In the prior month, retail sales (ex-auto & gas) had advanced by a revised 0.10%.
US CPI advanced less than expected in September
In the US, the CPI climbed 2.20% on an annual basis in September, lower than market expectations for an advance of 2.30%. The CPI had climbed 1.90% in the prior month.
US Reuters/Michigan consumer sentiment index unexpectedly climbed in October
The flash Reuters/Michigan consumer sentiment index recorded an unexpected rise to 101.10 in the US, in October, compared to a level of 95.10 in the previous month. Markets were anticipating the Reuters/Michigan consumer sentiment index to drop to a level of 95.00.
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