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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
BoE’s Carney issued warning on Hard Brexit, signalled rate hike in ‘coming months’
The Bank of England (BoE) Governor, Mark Carney warned that “more likely than not”, inflation in Britain would rise further in October and November and reiterated that a rate hike might be appropriate in the coming months. Further, Carney also stressed the importance of avoiding a so-called hard Brexit and that a transition agreement is in everyone’s interests.
UK CPI rose as expected in September
On an annual basis, in September, the consumer price index (CPI) advanced 3.00% in the UK, in line with market expectations. The CPI had registered a rise of 2.90% in the prior month.
UK CPI advanced as expected in September
On a monthly basis, the CPI rose 0.30% in September, in the UK, compared to an advance of 0.60% in the prior month. Market anticipation was for the CPI to advance 0.30%.
UK input PPI advanced more than expected in September
In September, on an annual basis, the non-seasonally adjusted input producer price index (PPI) in the UK rose 8.40%, higher than market expectations for a rise of 8.20%. Input PPI had registered a revised similar rise in the prior month.
UK retail price index rose less than expected in September
In the UK, the retail price index registered a rise of 3.90% in September on a YoY basis, compared to a similar rise in the previous month. Markets were expecting the retail price index to rise 4.00%.
UK house price index rose less than expected in August
On a YoY basis, the house price index climbed 5.00% in the UK, in August, compared to a revised advance of 4.50% in the previous month. Market anticipation was for the house price index to rise 5.40%.
UK PPI core output rose less than expected in September
In September, on an annual basis, the non-seasonally adjusted PPI core output registered a rise of 2.50% in the UK, compared to a similar rise in the prior month. Market expectation was for PPI core output to climb 2.60%.
UK output PPI rose as expected in September
In September, on a YoY basis, the non-seasonally adjusted output PPI recorded a rise of 3.30% in the UK, in line with market expectations. In the prior month, output PPI had recorded a rise of 3.40%.
UK retail price index ex-mort int. payments advanced less than expected in September
In September, the retail price index ex-mort int. payments advanced 4.10% on an annual basis in the UK, compared to a similar rise in the prior month. Market expectation was for the retail price index ex-mort int. payments to rise 4.20%.
UK input PPI rose less than expected in September
In September, on a MoM basis, the non-seasonally adjusted input PPI climbed 0.40% in the UK, less than market expectations for a rise of 1.20%. In the previous month, input PPI had risen by a revised 2.30%.
UK PPI core output remained flat in September
The non-seasonally adjusted PPI core output remained unchanged on a monthly basis in the UK, in September, compared to a rise of 0.20% in the prior month. Market expectation was for PPI core output to climb 0.10%.
UK output PPI advanced as expected in September
The non-seasonally adjusted output PPI recorded a rise of 0.20% on a MoM basis in September, in the UK, in line with market expectations. Output PPI had risen 0.40% in the previous month.
UK retail price index rose in September
The retail price index in the UK rose 0.10%, on monthly basis, to a level of 275.10 in September, compared to a reading of 274.70 in the previous month. Market expectation was for the retail price index to rise to 275.50.
UK core CPI advanced as expected in September
On a YoY basis, the core CPI rose 2.70% in September, in the UK, compared to a similar rise in the prior month. Markets were expecting the core CPI to advance 2.70%.
Euro-zone core CPI advanced as expected in September
In September, on an annual basis, the final core CPI in the Euro-zone recorded a rise of 1.10%, at par with market expectations. The preliminary figures had also indicated a rise of 1.10%. In the prior month, the core CPI had recorded a rise of 1.20%.
Euro-zone economic sentiment index slid in October
In October, the economic sentiment index in the Euro-zone dropped to 26.70, compared to a reading of 31.70 in the prior month.
Euro-zone new car registrations in EU 28 countries dropped in September
New car registrations in the EU 28 countries in the Euro-zone slid 2.00% on a YoY basis, in September. In the previous month, new car registrations in the EU 28 countries had climbed 5.60%.
Euro-zone CPI rose as expected in September
In September, the CPI recorded a rise of 0.40% on a MoM basis in the Euro-zone, compared to an advance of 0.30% in the prior month. Markets were expecting the CPI to climb 0.40%.
Euro-zone CPI advanced as expected in September
In September, the final CPI rose 1.50% on an annual basis in the Euro-zone, in line with market expectations. The preliminary figures had also recorded a rise of 1.50%. The CPI had registered a similar rise in the prior month.
German economic sentiment index advanced in October
The economic sentiment index advanced to 17.60 in Germany, in October, compared to a reading of 17.00 in the previous month. Market expectation was for the economic sentiment index to climb to a level of 20.00.
German current situation index unexpectedly fell in October
In Germany, the current situation index recorded an unexpected drop to a level of 87.00 in October, compared to market expectations of a rise to a level of 88.50. The current situation index had registered a reading of 87.90 in the prior month.
Italian trade surplus dropped in August
Trade surplus in Italy narrowed to €2769.00 million in August, from a trade surplus of €6560.00 million in the prior month.
Italian trade surplus narrowed in August
Italy has registered (EU countries) trade surplus of €0.24 billion in August, from a trade surplus of €2.03 billion in the previous month.
Italian trade surplus fell in August
Trade surplus (non-EU countries) in Italy narrowed to €2.53 billion in August, following a trade surplus of €4.53 billion in the previous month.
US export price index rose more than expected in September
In the US, the export price index registered a rise of 0.80% on a MoM basis in September, more than market expectations for an advance of 0.50%. In the prior month, the export price index had advanced by a revised 0.70%.
US total net TIC flows rose in August
Total net TIC flows in the US climbed to $125.00 billion in August, compared to a level of $7.30 billion in the prior month.
US capacity utilisation climbed in September
In September, capacity utilisation in the US registered a rise to 76.00%, compared to a revised reading of 75.80% in the prior month. Markets were anticipating capacity utilisation to climb to a level of 76.20%.
US import price index rose more than expected in September
The import price index in the US recorded a rise of 2.70% in September on a YoY basis, more than market expectations for a rise of 2.60%. The import price index had risen 2.10% in the prior month.
US manufacturing production advanced less than expected in September
In September, manufacturing production climbed 0.10% in the US on a monthly basis, compared to a revised fall of 0.20% in the prior month. Market anticipation was for manufacturing production to rise 0.20%.
US net treasury international capital (TIC) long term purchases climbed in August
Compared to a revised level of $1.20 billion in the prior month net treasury international capital (TIC) long term purchases recorded a rise to $67.20 billion in August, in the US.
US industrial production advanced as expected in September
Industrial production rose 0.30% on a monthly basis in the US, in September, in line with market expectations. Industrial production had recorded a revised drop of 0.70% in the previous month.
US Redbook index dropped in the last week
On a MoM basis, the seasonally adjusted Redbook index slid 1.40% in the US, in the week ended 13 October 2017. The Redbook index had fallen 1.50% in the prior week.
US import price index rose more than expected in September
The import price index climbed 0.70% on a MoM basis in September, in the US, higher than market expectations for a rise of 0.60%. In the previous month, the import price index had risen 0.60%.
US export price index climbed in September
The export price index in the US advanced 2.90% on a YoY basis, in September. In the prior month, the export price index had recorded a revised rise of 2.40%.
US Redbook index rose in the last week
In the week ended 13 October 2017, on a YoY basis, the Redbook index climbed 3.60% in the US. In the previous week, the Redbook index had registered a rise of 3.20%.
US housing market index unexpectedly climbed in October
In October, the housing market index in the US recorded an unexpected rise to a level of 68.00, higher than market expectations of an unchanged reading. In the previous month, the housing market index had registered a reading of 64.00.
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