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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK official reserves climbed in November
In the UK, official reserves climbed $865.00 million in November. In the previous month, official reserves had registered a rise of $30.00 million.
UK services PMI dropped in November
In November, the services PMI in the UK recorded a drop to 53.80, lower than market expectations of a drop to a level of 55.00. In the previous month, the services PMI had registered a reading of 55.60.
UK new car registrations dropped in November
In the UK, new car registrations slid 11.20% on an annual basis, in November. New car registrations had dropped 12.20% in the prior month.
Euro-zone retail sales dropped more than expected in October
On a monthly basis, in October, the seasonally adjusted retail sales slid 1.10% in the Euro-zone, compared to a revised advance of 0.80% in the previous month. Market expectation was for retail sales to fall 0.70%.
Euro-zone services PMI advanced in November
In November, the final services PMI in the Euro-zone climbed to 56.20, compared to a reading of 55.00 in the previous month. The preliminary figures had also indicated a rise to 56.20. Markets were expecting services PMI to climb to a level of.
Euro-zone composite PMI climbed in November
The final composite PMI recorded a rise to 57.50 in the Euro-zone, in November, compared to a reading of 56.00 in the prior month. The preliminary figures had also recorded a rise to 57.50. Market expectation was for composite PMI to advance to.
Euro-zone retail sales rose less than expected in October
On a YoY basis, the seasonally adjusted retail sales in the Euro-zone rose 0.40% in October, lower than market expectations for a rise of 1.60%. In the prior month, retail sales had recorded a revised rise of 4.00%.
German Markit composite PMI rose in November
In November, the final Markit composite PMI in Germany rose to a level of 57.30, compared to market expectations of a rise to a level of 57.60. The preliminary figures had indicated a rise to 57.60. In the prior month, Markit composite PMI had registered a level of 56.60.
German services PMI unexpectedly dropped in November
The final services PMI registered an unexpected drop to a level of 54.30 in Germany, in November, compared to market expectations of an advance to 54.90. In the previous month, services PMI had registered a level of 54.70. The preliminary figures had indicated an advance to 54.90.
French Markit composite PMI climbed in November
In France, the final Markit composite PMI registered a rise to 60.30 in November, compared to market expectations of an advance to 60.10. The preliminary figures had recorded an advance to 60.10. In the prior month, Markit composite PMI had recorded a reading of 57.40.
French services PMI rose in November
Compared to a level of 57.30 in the prior month the final services PMI in France recorded a rise to 60.40 in November. The preliminary figures had recorded an advance to 60.20. Markets were expecting services PMI to rise to a level of 60.20.
Italian services PMI rose in November
In November, the services PMI in Italy registered a rise to 54.70, higher than market expectations of a rise to 53.20. In the previous month, the services PMI had recorded a reading of 52.10.
Spanish calendar adjusted industrial output rose more than expected in October
In Spain, the calendar adjusted industrial output climbed 4.10% in October on an annual basis, higher than market expectations for an advance of 3.60%. The calendar adjusted industrial output had climbed 3.40% in the prior month.
Spanish unadjusted industrial output advanced in October
In Spain, the unadjusted industrial output rose 6.90% on an annual basis, in October. The unadjusted industrial output had advanced 0.20% in the prior month.
Spanish services PMI surprisingly slid in November
In Spain, the services PMI recorded an unexpected drop to a level of 54.40 in November, compared to market expectations of an advance to 55.00. The services PMI had recorded a reading of 54.60 in the previous month.
US Markit services PMI dropped in November
The final Markit services PMI dropped to 54.50 in the US, in November, compared to market expectations of a fall to 55.20. The preliminary figures had recorded a fall to 54.70. In the previous month, Markit services PMI had recorded a reading of 55.30.
US Markit composite PMI dropped in November
In November, the final Markit composite PMI in the US fell to a level of 54.50. Markit composite PMI had registered a reading of 55.20 in the prior month. The preliminary figures had indicated a drop to 54.60.
US Redbook index rose in the last week
On a YoY basis, the Redbook index in the US climbed 3.00% in the week ended 01 December 2017. In the prior week, the Redbook index had registered a rise of 4.80%.
US trade deficit expanded in October
The US has posted trade deficit of $48.70 billion in October, compared to a revised trade deficit of $44.90 billion in the previous month. Markets were anticipating a trade deficit of $47.50 billion.
US non-manufacturing PMI eased in November
The non-manufacturing PMI fell to a level of 57.40 in November, in the US, compared to a level of 60.10 in the previous month. Market anticipation was for the non-manufacturing PMI to fall to a level of 59.00.
US Redbook index slid in the last week
On a monthly basis, the seasonally adjusted Redbook index dropped 0.90% in the week ended 01 December 2017, in the US. In the previous week, the Redbook index had fallen 0.20%.
Canadian international merchandise trade deficit fell in October
The international merchandise trade deficit in Canada narrowed to C$1.47 billion in October, following a revised international merchandise trade deficit of C$3.36 billion in the prior month. Market anticipation was for the nation’s international merchandise trade deficit to drop to C$2.70 billion.
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