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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector net borrowing reported a deficit in September
The public sector net borrowing (excluding temporary effects of financial interventions) in the UK has reported a deficit of £5.90 billion in September, following a revised deficit of £4.70 billion in the previous month. Market expectation was for public sector net borrowing to report a deficit of £6.50 billion.
UK public sector net borrowing posted a deficit in September
In the UK, the public sector net borrowing has reported a deficit of £5.30 billion in September, following a revised deficit of £4.10 billion in the previous month. Market expectation was for public sector net borrowing to post a deficit of £5.70 billion.
UK public sector net cash requirement recorded a deficit in September
In the UK, in September, public finances (public sector net cash requirement) has reported a deficit £11.20 billion, from a revised deficit of £0.30 billion in the prior month.
Euro-zone current account surplus dropped in August
The non-seasonally adjusted current account surplus in the Euro-zone dropped to €29.60 billion in August, following a revised current account surplus of €37.10 billion in the prior month.
Euro-zone current account surplus rose in August
The seasonally adjusted current account surplus in the Euro-zone rose to €33.30 billion in August. The Euro-zone had registered a revised current account surplus of €31.50 billion in the previous month.
German PPI advanced more than expected in September
On a YoY basis, the producer price index (PPI) advanced 3.10% in Germany, in September, compared to a rise of 2.60% in the previous month. Market anticipation was for the PPI to advance 2.90%.
German PPI advanced more than expected in September
In September, the PPI climbed 0.30% in Germany on a monthly basis, higher than market expectations for a rise of 0.10%. In the previous month, the PPI had risen 0.20%.
Spanish trade deficit widened in August
Spain has reported trade deficit of €3.23 billion in August, following a trade deficit of €2.10 billion in the prior month.
Janet Yellen: Unconventional policy tools likely to remain part of the Fed’s arsenal
The Federal Reserve (Fed) Chairwoman, Janet Yellen, warned that there is an “uncomfortably high” risk that the central bank may have to deploy crisis-era unconventional policy tools again if the US economy remains stuck in a low interest-rate regime. Further, Yellen also noted that the Fed is making “good progress” in reducing its massive portfolio of bond holdings.
US existing home sales unexpectedly advanced in September
Existing home sales in the US recorded an unexpected rise of 0.70%, on MoM basis, to a level of 5.39 million in September, compared to a level of 5.35 million in the prior month. Markets were anticipating existing home sales to drop to 5.30 million.
Canadian retail sales unexpectedly declined in August
In August, on a monthly basis, retail sales in Canada recorded an unexpected drop of 0.30%, compared to a rise of 0.40% in the prior month. Market anticipation was for retail sales to rise 0.50%.
Canadian CPI rose in September
In September, the consumer price index (CPI) in Canada climbed, on MoM basis, to a level of 130.80. The CPI had recorded a level of 130.50 in the prior month.
Canadian CPI rose less than expected in September
In September, the CPI climbed 1.60% in Canada, on an annual basis, lower than market expectations for an advance of 1.70%. The CPI had recorded a rise of 1.40% in the previous month.
Canadian retail sales (ex-autos) surprisingly fell in August
In August, retail sales (ex-autos) unexpectedly eased 0.70% on a monthly basis in Canada, compared to an advance of 0.20% in the previous month. Markets were expecting retail sales (ex-autos) to rise 0.30%.
Canadian CPI rose in September
In September, on a MoM basis, the seasonally adjusted CPI in Canada recorded a rise of 0.20%. CPI had registered a similar rise in the previous month.
Canadian CPI advanced less than expected in September
In September on a monthly basis, the CPI in Canada climbed 0.20%, less than market expectations for an advance of 0.30%. In the previous month, the CPI had registered a rise of 0.10.
Japanese convenience store sales remained steady in September
Convenience store sales remained unchanged on an annual basis, in September, in Japan. In the previous month, convenience store sales had fallen 0.90%.
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