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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices advanced as expected in November
In November, the seasonally adjusted house prices climbed 0.10% on a monthly basis in the UK, in line with market expectations. House prices had registered a rise of 0.20% in the previous month.
UK house prices rose less than expected in November
In the UK, the non-seasonally adjusted house prices climbed 2.50% on a YoY basis in November, compared to a similar rise in the previous month. Markets were expecting house prices to advance 2.70%.
Euro-zone core CPI rose less than expected in November
In November, the preliminary core consumer price index (CPI) recorded a rise of 0.90% on a YoY basis in the Euro-zone, lower than market expectations for an advance of 1.00%. In the prior month, the core CPI had registered a similar rise.
Euro-zone unemployment rate surprisingly declined in October
In October, the unemployment rate dropped unexpectedly to a level of 8.80% in the Euro-zone, compared to market expectations of a steady reading. In the prior month, the unemployment rate had recorded a reading of 8.90%.
Euro-zone CPI advanced less than expected in November
In November, the flash CPI registered a rise of 1.50% on a YoY basis in the Euro-zone, compared to a rise of 1.40% in the previous month. Markets were anticipating the CPI to climb 1.60%.
German unemployment rate remained steady in November
The seasonally adjusted unemployment rate remained unchanged at a level of 5.60% in November, in Germany. Markets were expecting unemployment rate to record a flat reading.
German number of people unemployed fell more than expected in November
In Germany, the number of people unemployed slid 18.00 K in November, compared to a revised fall of 12.00 K in the previous month. Market anticipation was for the number of people unemployed to ease 10.00 K.
German retail sales unexpectedly eased in October
In October, retail sales in Germany unexpectedly dropped 1.20% on a MoM basis, compared to a rise of 0.50% in the previous month. Markets were anticipating retail sales to climb 0.30%.
German retail sales surprisingly fell in October
In October, retail sales recorded an unexpected drop of 1.40% on a YoY basis in Germany, less than market expectations for a rise of 2.80%. Retail sales had risen 4.10% in the previous month.
French CPI (ex-tobacco) rose as expected in November
In November, the preliminary CPI (ex-tobacco) climbed 0.10% in France on a MoM basis, at par with market expectations. In the previous month, the CPI (ex-tobacco) had registered a similar rise.
French CPI (ex-tobacco) advanced as expected in November
In November, the preliminary CPI (ex-tobacco) climbed 1.20% in France on a YoY basis, compared to a rise of 1.10% in the previous month. Markets were anticipating the CPI (ex-tobacco) to advance 1.20%.
French EU normalised CPI rose as expected in November
In November, the flash EU normalised CPI advanced 0.10% on a MoM basis in France, compared to a similar rise in the previous month. Market expectation was for EU normalised CPI to rise 0.10%.
French PPI registers a rise in October
On a monthly basis, the producer price index (PPI) in France advanced 0.20% in October. The PPI had recorded a revised rise of 0.40% in the previous month.
Italian CPI unexpectedly declined in November
The preliminary CPI in Italy unexpectedly fell 0.20% in November on a monthly basis. In the prior month, the CPI had registered a similar fall.
Italian PPI climbed in October
The PPI rose 0.40% on a monthly basis, in October, in Italy. In the prior month, the PPI had recorded a revised flat reading.
Italian unemployment rate remained unchanged in October
In October, unemployment rate remained steady at a level of 11.10% in Italy. Market anticipation was for unemployment rate to record a flat reading.
Italian CPI rose less than expected in November
The preliminary CPI in Italy climbed 0.90% on an annual basis in November, compared to an advance of 1.00% in the previous month. Market anticipation was for the CPI to advance 1.10%.
Italian PPI climbed in October
On a YoY basis, the PPI in Italy rose 2.20% in October. In the prior month, the PPI had climbed by a revised 1.70%.
Italian EU normalised CPI advanced less than expected in November
The preliminary EU normalised CPI climbed 1.10% on a YoY basis in Italy, in November, compared to a similar rise in the prior month. Market expectation was for the EU normalised CPI to climb 1.20%.
Italian EU normalised CPI unexpectedly declined in November
The preliminary EU normalised CPI unexpectedly fell 0.20% on a MoM basis in November, in Italy, compared to a flat reading in the prior month. Markets were expecting the EU normalised CPI to record a flat reading.
Spanish GDP rose as expected in 3Q 2017
The final gross domestic product (GDP) in Spain climbed 3.10% on an annual basis in 3Q 2017, meeting market expectations. The preliminary figures had also recorded a rise of 3.10%. GDP had registered a similar rise in the prior quarter.
Spanish current account surplus fell in September
Current account surplus in Spain dropped to €2.40 billion in September, compared to a current account surplus of €2.60 billion in the previous month.
Spanish GDP advanced as expected in 3Q 2017
In Spain, the final GDP climbed 0.80% in 3Q 2017 on a QoQ basis, in line with market expectations. The preliminary figures had also indicated a rise of 0.80%. In the prior quarter, GDP had registered a rise of 0.90%.
Swiss GDP advanced more than expected in 3Q 2017
In Switzerland, GDP rose 1.20% in 3Q 2017 on a YoY basis, compared to a revised advance of 0.50% in the previous quarter. Market expectation was for GDP to rise 0.80%.
Swiss GDP rose as expected in 3Q 2017
In 3Q 2017, the seasonally adjusted GDP recorded a rise of 0.60% on a quarterly basis in Switzerland, in line with market expectations. GDP had registered a revised rise of 0.40% in the previous quarter.
Swiss KOF economic barometer unexpectedly rose in November
The KOF economic barometer in Switzerland unexpectedly climbed to 110.30 in November, compared to a revised level of 109.80 in the prior month. Market anticipation was for the KOF economic barometer to fall to a level of 109.70.
Swiss real retail sales dropped in October
Real retail sales recorded a drop of 3.00% on a YoY basis in Switzerland, in October. In the prior month, real retail sales had recorded a revised rise of 0.50%.
US initial jobless claims surprisingly declined in the last week
In the week ended 25 November 2017, the seasonally adjusted initial jobless claims unexpectedly dropped to 238.00 K in the US, compared to market expectations of an unchanged reading. In the prior week, initial jobless claims had registered a revised level of 240.00 K.
US personal consumption expenditure deflator advanced as expected in October
In October, on a monthly basis, personal consumption expenditure deflator advanced 0.10% in the US, meeting market expectations. Personal consumption expenditure deflator had climbed 0.40% in the prior month.
US personal spending rose as expected in October
Personal spending advanced 0.30% on a monthly basis in October, in the US, compared to a revised rise of 0.90% in the prior month. Market expectation was for personal spending to rise 0.30%.
US continuing jobless claims surprisingly advanced in the last week
In the week ended 18 November 2017, the seasonally adjusted continuing jobless claims registered an unexpected rise to a level of 1957.00 K in the US, compared to a revised reading of 1915.00 K in the prior week. Markets were anticipating continuing jobless claims to drop to 1890.00 K.
US Chicago Fed PMI eased in November
The Chicago Fed purchasing managers’ index (PMI) fell to a level of 63.90 in the US, in November, higher than market expectations of a fall to 63.00. The Chicago Fed PMI had registered a reading of 66.20 in the previous month.
US core personal consumption expenditure rose as expected in October
In October, on a YoY basis, core personal consumption expenditure in the US registered a rise of 1.40%, at par with market expectations. Core personal consumption expenditure had registered a revised similar rise in the prior month.
US personal income rose more than expected in October
Personal income rose 0.40% on a MoM basis in October, in the US, more than market expectations for an advance of 0.30%. In the prior month, personal income had registered a similar rise.
US personal consumption expenditure deflator rose more than expected in October
Personal consumption expenditure deflator rose 1.60% on a YoY basis in October, in the US, higher than market expectations for an advance of 1.50%. In the prior month, personal consumption expenditure deflator had climbed by a revised 1.70%.
US core personal consumption expenditure rose as expected in October
Core personal consumption expenditure in the US advanced 0.20% on a monthly basis in October, at par with market expectations. Core personal consumption expenditure had registered a revised similar rise in the prior month.
Canadian current account deficit widened in 3Q 2017
Current account deficit in Canada rose to C$19.35 billion in 3Q 2017, compared to market expectations of a current account deficit of C$20.00 billion. Canada had reported a revised current account deficit of C$15.59 billion in the previous quarter.
Japanese unemployment rate steadied in October
Unemployment rate in Japan remained flat at 2.80% in October, at par with market expectations.
Japanese construction orders rose in October
In Japan, construction orders registered a rise of 6.70% on an annual basis, in October. Construction orders had recorded a drop of 11.60% in the previous month.
Japanese national CPI rose as expected in October
The national CPI climbed 0.20% in Japan on an annual basis in October, compared to a rise of 0.70% in the prior month. Markets were anticipating the national CPI to climb 0.20%.
Japanese annualised housing starts record an unexpected drop in October
In October, the annualised housing starts in Japan recorded an unexpected drop to a level of 0.93 million units, lower than market expectations of a steady reading. The annualised housing starts had registered a reading of 0.95 million units in the previous month.
Japanese capital spending excluding software rose more than expected in 3Q 2017
In 3Q 2017, capital spending excluding software registered a rise of 4.30% on an annual basis in Japan, compared to an advance of 0.60% in the previous quarter. Markets were anticipating capital spending excluding software to advance 3.10%.
Japanese National CPI ex-fresh food advanced as expected in October
In October, National CPI ex-fresh food recorded a rise of 0.80% in Japan on an annual basis, compared to a rise of 0.70% in the prior month. Markets were anticipating National CPI ex-fresh food to rise 0.80%.
Japanese capital spending advanced more than expected in 3Q 2017
In Japan, capital spending climbed 4.20% on a YoY basis in 3Q 2017, compared to an advance of 1.50% in the prior quarter. Markets were expecting capital spending to advance 3.20%.
Japanese Tokyo CPI excluding fresh food rose as expected in November
Tokyo CPI excluding fresh food advanced 0.60% in Japan, on a YoY basis in November, meeting market expectations. In the previous month, Tokyo CPI excluding fresh food had registered a similar rise.
Japanese job to applicant ratio surprisingly advanced in October
Job to applicant ratio registered an unexpected rise to 1.55 in Japan, in October, compared to a level of 1.52 in the previous month. Market expectation was for job to applicant ratio to record a flat reading.
Japanese household spending remained flat in October
Household spending remained flat in Japan on a YoY basis in October, higher than market expectations for a fall of 0.30%. In the prior month, household spending had registered a drop of 0.30%.
Japanese housing starts declined more than expected in October
In October on an annual basis, housing starts in Japan recorded a drop of 4.80%, more than market expectations for a fall of 2.80%. In the previous month, housing starts had dropped 2.90%.
Japanese manufacturing PMI advanced in November
In November, the final manufacturing PMI rose to a level of 53.60 in Japan, compared to a level of 52.80 in the previous month. The preliminary figures had recorded a rise to 53.80.
Japanese Tokyo CPI unexpectedly climbed in November
On an annual basis in November, Tokyo CPI unexpectedly climbed 0.30% in Japan, compared to a revised fall of 0.10% in the prior month. Markets were anticipating Tokyo CPI to fall 0.10%.
Chinese Caixin/Markit manufacturing PMI index eased in November
Caixin/Markit manufacturing PMI index registered a drop to 50.80 in November, in China, compared to a reading of 51.00 in the prior month. Markets were anticipating Caixin/Markit manufacturing PMI index to ease to 50.90.
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