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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK business barometer climbed in October
The business barometer registered a rise to 26.00 % in October, in the UK. The business barometer had recorded a reading of 23.00 % in the previous month.
UK net lending secured on dwellings advanced less than expected in September
Net lending secured on dwellings in the UK registered a rise of £3.80 billion in September, compared to a revised advance of £3.90 billion in the previous month. Markets were expecting net lending secured on dwellings to climb £4.00 billion.
UK net consumer credit advanced more than expected in September
Net consumer credit in the UK recorded a rise of £1.60 billion in September, compared to a revised rise of £1.80 billion in the previous month. Market expectation was for net consumer credit to climb £1.50 billion.
UK number of mortgage approvals for house purchases eased in September
Number of mortgage approvals for house purchases fell to a level of 66.20 K in the UK, in September, compared to market expectations of a drop to 66.00 K. Number of mortgage approvals for house purchases had registered a revised reading of 67.20 K in the prior month.
UK consumer confidence declined in October
The consumer confidence dropped to -10.00 in the UK, in October, at par with market expectations. In the prior month, the consumer confidence had recorded a reading of -9.00.
UK net lending to individuals climbed in September
Net lending to individuals in the UK rose £5.45 billion, in September. In the prior month, net lending to individuals had risen by a revised £5.69 billion.
Euro-zone industrial confidence index climbed in October
The industrial confidence index advanced to 7.90 in the Euro-zone, in October, higher than market expectations of a rise to 7.10. The industrial confidence index had registered a revised reading of 6.70 in the previous month.
Euro-zone economic sentiment indicator advanced in October
In October, the economic sentiment indicator recorded a rise to 114.00 in the Euro-zone, higher than market expectations of an advance to 113.30. In the prior month, the economic sentiment indicator had recorded a revised level of 113.10.
Euro-zone consumer confidence index climbed in October
The final consumer confidence index registered a rise to -1.00 in October, in the Euro-zone, in line with market expectations. In the prior month, the consumer confidence index had recorded a level of -1.20. The preliminary figures had also recorded an advance to -1.00.
Euro-zone business climate indicator rose in October
In October, the business climate indicator in the Euro-zone climbed to 1.44, compared to a level of 1.34 in the prior month. Markets were expecting the business climate indicator to rise to 1.40.
Euro-zone services sentiment indicator surprisingly climbed in October
The services sentiment indicator rose unexpectedly to 16.20 in October, in the Euro-zone, higher than market expectations of a fall to 15.00. In the prior month, the services sentiment indicator had registered a revised level of 15.40.
German HICP unexpectedly declined in October
The flash harmonised consumer price index recorded an unexpected drop of 0.10% on a monthly basis in October, in Germany, compared to a flat reading in the prior month. Markets were expecting the HICP to climb 0.10%.
German retail sales rose more than expected in September
On an annual basis, retail sales recorded a rise of 4.10% in September, in Germany, more than market expectations for an advance of 3.00%. In the prior month, retail sales had climbed by a revised 3.00%.
German HICP rose less than expected in October
In October, on an annual basis, the preliminary harmonised consumer price index (HICP) in Germany registered a rise of 1.50%, compared to an advance of 1.80% in the previous month. Market expectation was for the HICP to advance 1.70%.
German CPI remained unchanged in October
On a monthly basis, in Germany, the flash consumer price index (CPI) remained steady in October, less than market expectations for a rise of 0.10%. The CPI had climbed 0.10% in the previous month.
German retail sales advanced as expected in September
Retail sales advanced 0.50% on a monthly basis in Germany in September, in line with market expectations. In the previous month, retail sales had registered a revised drop of 0.20%.
German CPI rose less than expected in October
In October, on an annual basis, the preliminary CPI registered a rise of 1.60% in Germany, lower than market expectations for an advance of 1.70%. The CPI had climbed 1.80% in the prior month.
Spanish HICP index advanced more than expected in October
On a MoM basis, the flash HICP index recorded a rise of 0.60% in Spain, in October, more than market expectations for a rise of 0.40%. The HICP index had registered a similar rise in the previous month.
Spanish CPI rose more than expected in October
In October, the preliminary CPI in Spain, climbed 0.90% on a monthly basis, more than market expectations for a rise of 0.80%. The CPI had registered a rise of 0.20% in the prior month.
Spanish CPI advanced as expected in October
On a YoY basis in Spain, the preliminary CPI recorded a rise of 1.60% in October, at par with market expectations. In the prior month, the CPI had climbed 1.80%.
Spanish GDP advanced as expected in 3Q 2017
On an annual basis, the flash gross domestic product (GDP) registered a rise of 3.10% in Spain, in 3Q 2017, in line with market expectations. GDP had registered a similar rise in the previous quarter.
Spanish HICP index rose as expected in October
In October, on an annual basis, the preliminary HICP index in Spain advanced 1.70%, compared to an advance of 1.80% in the previous month. Market anticipation was for the HICP index to advance 1.70%.
Spanish GDP advanced as expected in 3Q 2017
The flash gross domestic product (GDP) recorded a rise of 0.80% on a quarterly basis in Spain, in 3Q 2017, compared to an advance of 0.90% in the prior quarter. Market anticipation was for GDP to climb 0.80%.
Swiss KOF economic barometer advanced in October
In October, the KOF economic barometer in Switzerland advanced to 109.10, compared to a revised reading of 106.10 in the previous month. Market anticipation was for the KOF economic barometer to rise to 106.50.
US core personal consumption expenditure rose as expected in September
On a monthly basis, core personal consumption expenditure recorded a rise of 0.10% in the US, in September, meeting market expectations. In the prior month, core personal consumption expenditure had registered a similar rise.
US personal spending advanced more than expected in September
On a monthly basis, personal spending rose 1.00% in September, in the US, more than market expectations for an advance of 0.90%. Personal spending had recorded a rise of 0.10% in the prior month.
US personal consumption expenditure deflator advanced as expected in September
Personal consumption expenditure deflator in the US advanced 1.60% on an annual basis in September, compared to an advance of 1.40% in the prior month. Markets were anticipating personal consumption expenditure deflator to advance 1.60%.
US Dallas Fed manufacturing business index surprisingly climbed in October
The Dallas Fed manufacturing business index in the US advanced unexpectedly to a level of 27.60 in October, compared to market expectations of a fall to a level of 21.00. In the prior month, the Dallas Fed manufacturing business index had registered a level of 21.30.
US personal consumption expenditure deflator advanced as expected in September
Personal consumption expenditure deflator in the US advanced 0.40% in September on a monthly basis, at par with market expectations. In the previous month, personal consumption expenditure deflator had advanced 0.20%.
US personal income advanced as expected in September
On a monthly basis in September, personal income recorded a rise of 0.40% in the US, compared to a rise of 0.20% in the prior month. Markets were anticipating personal income to rise 0.40%.
US core personal consumption expenditure rose as expected in September
In September, on an annual basis, core personal consumption expenditure registered a rise of 1.30% in the US, compared to a similar rise in the prior month. Markets were expecting core personal consumption expenditure to rise 1.30%.
Bank of Japan kept its monetary policy steady, cuts inflation outlook
The Bank of Japan (BoJ), at its latest monetary policy meeting, left its short-term interest rate unchanged at -0.10% by a majority vote of 8-1 and held its asset purchases at an annual pace of ¥80.00 trillion, as expected. In its outlook report, the central bank maintained its forecast for inflation to hit 2.00% in the fiscal year 2019/2020. However, it trimmed its projections for core consumer prices for the fiscal year 2017/2018. The CPI is now expected to rise 0.80% in the current fiscal year, down from the previous projection of 1.10%. BoJ’s new board member, Goushi Kataoka, who dissented from the BoJ’s decision to maintain its interest rate targets, argued that the central bank should signal its willingness to increase stimulus if there is a delay in achieving the 2.00% inflation target.
Japanese industrial production advanced more than expected in September
In September, the flash industrial production climbed 2.50% on an annual basis in Japan, more than market expectations for an advance of 2.00%. In the previous month, industrial production had risen 5.30%.
Japanese unemployment rate remained unchanged in September
In September, unemployment rate remained unchanged at 2.80% in Japan, at par with market expectations.
Japanese industrial production dropped less than expected in September
In Japan, the preliminary industrial production recorded a drop of 1.10% in September on a monthly basis, lower than market expectations for a drop of 1.60%. Industrial production had recorded a rise of 2.00% in the previous month.
Japanese vehicle production rose in September
In Japan, vehicle production rose 1.70% in September on an annual basis. In the prior month, vehicle production had advanced by a revised 5.70%.
Japanese household spending surprisingly fell in September
On an annual basis, in September, household spending registered an unexpected drop of 0.30% in Japan, compared to an advance of 0.60% in the prior month. Market expectation was for household spending to advance 0.60%.
Japanese job to applicant ratio remained steady in September
In September, job to applicant ratio remained unchanged at 1.52 in Japan, lower than market expectations of an advance to a level of 1.53.
Chinese NBS non-manufacturing PMI dropped in October
The NBS non-manufacturing PMI recorded a drop to 54.30 in October, in China. The NBS non-manufacturing PMI had recorded a level of 55.40 in the prior month.
Chinese NBS manufacturing PMI eased in October
The NBS manufacturing PMI in China fell to a level of 51.60 in October, compared to a level of 52.40 in the previous month. Markets were expecting the NBS manufacturing PMI to ease to a level of 52.00.
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