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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CBI trends selling prices remained unchanged in October
In October, CBI trends selling prices in the UK remained steady at a level of 18.00.
UK balance of firms reporting total order book above normal surprisingly fell in October
The balance of firms reporting total order book above normal registered an unexpected drop to a level of -2.00 in the UK, in October, compared to market expectations of a rise to 9.00. The balance of firms reporting total order book above normal had recorded a reading of 7.00 in the previous month.
UK CBI Business Optimism increased in 4Q 2017
Pessimism among London businesses for the next six months has increased, with a net 11.00% of firms showing pessimism about their business prospects in 4Q 2017, as compared to a net 5.00% of firms that showed optimism in the previous quarter.
Euro-zone consumer confidence index advanced in October
In October, the flash consumer confidence index recorded a rise to -1.00 in the Euro-zone, compared to a level of -1.20 in the prior month. Markets were expecting the consumer confidence index to rise to -1.10.
Bundesbank: German economy to expand on industrial activity
According to the Bundesbank’s monthly report, German economy would maintain a healthy pace of growth in the third quarter of 2017, driven by robust industrial orders and added that industrial sector is likely to remain a key pillar of growth for the economy. Further, it revealed that construction has probably made no further contribution to growth.
US Chicago Fed national activity index rose in September
In September, the Chicago Fed national activity index in the US climbed to 0.17, compared to a revised reading of -0.37 in the previous month. Market anticipation was for the Chicago Fed national activity index to advance to a level of -0.13.
Canadian wholesale sales rose as expected in August
In August, wholesale sales in Canada advanced 0.50% on a MoM basis, in line with market expectations. In the previous month, wholesale sales had recorded a revised rise of 1.70%.
Japanese manufacturing PMI eased in October
In October, the flash manufacturing PMI in Japan recorded a drop to 52.50, compared to a level of 52.90 in the previous month.
Japanese leading economic index advanced in August
The final leading economic index rose to a level of 107.20 in Japan, in August. The leading economic index had registered a reading of 105.20 in the previous month. The preliminary figures had indicated a rise to 106.80.
Japanese Tokyo department store sales climbed in September
Tokyo department store sales in Japan advanced 4.60% in September on an annual basis. In the prior month, Tokyo department store sales had registered a rise of 3.60%.
Japanese coincident index rose in August
The final coincident index in Japan registered a rise to 117.70 in August, compared to a level of 115.70 in the previous month. The preliminary figures had recorded a rise to 117.60.
Japanese nationwide department store sales advanced in September
In Japan, nationwide department store sales advanced 4.40% in September on an annual basis. In the prior month, nationwide department store sales had risen 2.00%.
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