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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index advanced more than expected in November
On a MoM basis, in the UK, the Halifax house price index advanced 0.50% in November, higher than market expectations for an advance of 0.20%. In the prior month, the Halifax house price index had registered a rise of 0.30%.
UK Halifax house price index rose as expected in the September-November 2017 period
The Halifax house price index rose 3.90% on a YoY basis in the UK in the September-November 2017 period, at par with market expectations. In the August-October 2017 period, the Halifax house price index had advanced 4.50%.
Euro-zone government expenditure rose less than expected in 3Q 2017
Government expenditure in the Euro-zone registered a rise of 0.20% in 3Q 2017 on a quarterly basis, lower than market expectations for an advance of 0.30%. In the previous quarter, government expenditure had registered a revised rise of 0.30%.
Euro-zone household consumption expenditure rose less than expected in 3Q 2017
In 3Q 2017, household consumption expenditure registered a rise of 0.30% in the Euro-zone, on a quarterly basis, less than market expectations for an advance of 0.40%. Household consumption expenditure had advanced 0.50% in the previous quarter.
Euro-zone GDP rose as expected in 3Q 2017
On a quarterly basis, the seasonally adjusted final GDP registered a rise of 0.60% in the Euro-zone, in 3Q 2017, meeting market expectations. The preliminary figures had also indicated a rise of 0.60%. In the prior quarter, GDP had risen by a revised 0.70%.
Euro-zone gross fixed capital formation advanced more than expected in 3Q 2017
The gross fixed capital formation in the Euro-zone rose 1.10% on a QoQ basis in 3Q 2017, compared to a revised rise of 2.20% in the prior quarter. Markets were expecting the gross fixed capital formation to rise 0.70%.
German industrial production unexpectedly eased in October
The seasonally adjusted industrial production in Germany unexpectedly fell 1.40% on a MoM basis in October, compared to a revised drop of 0.90% in the prior month. Market expectation was for industrial production to rise 0.90%.
French trade deficit widened in October
France has reported trade deficit of €4.96 billion in October, from a revised trade deficit of €4.64 billion in the prior month. Market anticipation was for a trade deficit of €4.68 billion.
French current account deficit dropped in October
In October, current account deficit in France dropped to €2.20 billion. France had posted a revised current account deficit of €3.30 billion in the previous month.
Spanish housing price index rose in 3Q 2017
The housing price index in Spain registered a rise of 1.80% in 3Q 2017 on a QoQ basis. In the prior quarter, the housing price index had registered a rise of 2.00%.
Swiss unemployment rate surprisingly dropped in November
The seasonally adjusted unemployment rate recorded an unexpected drop to a level of 3.00% in November, in Switzerland, compared to market expectations of a steady reading. Unemployment rate had registered a level of 3.10% in the prior month.
Swiss foreign currency reserves unexpectedly dropped in November
In Switzerland, foreign currency reserves recorded an unexpected drop to CHF 738.20 billion in November, compared to market expectations of an advance to a level of CHF 745.00 billion. Foreign currency reserves had recorded a revised level of CHF 742.00 billion in the previous month.
Swiss unemployment rate climbed in November
The non-seasonally adjusted unemployment rate in Switzerland rose to a level of 3.10% in November, in line with market expectations. Unemployment rate had registered a level of 3.00% in the previous month.
US continuing jobless claims slid in the last week
Compared to a revised reading of 1960.00 K in the previous week the seasonally adjusted continuing jobless claims in the US dropped to 1908.00 K in the week ended 25 November 2017. Markets were expecting continuing jobless claims to fall to a level of 1919.00 K.
US number of planned layoffs by US companies advanced in November
In the US, the number of planned layoffs by US companies advanced 30.10% on an annual basis, in November. The number of planned layoffs by US companies had fallen 3.00% in the previous month.
US initial jobless claims unexpectedly dropped in the last week
In the US, the seasonally adjusted initial jobless claims unexpectedly fell to a level of 236.00 K in the week ended 02 December 2017, lower than market expectations of a rise to a level of 240.00 K. In the prior week, initial jobless claims had recorded a level of 238.00 K.
US household wealth rose in 3Q 2017
In the US, household wealth climbed $1742.06 billion, in 3Q 2017. Household wealth had recorded a revised rise of $1276.06 billion in the previous quarter.
US consumer credit rose more than expected in October
In October, consumer credit in the US rose $20.52 billion, more than market expectations for a rise of $17.00 billion. In the prior month, consumer credit had registered a revised rise of $19.21 billion.
US number of planned layoffs by US companies advanced in November
In the US, the number of planned layoffs by US companies rose to a level of 35.04 K in November. The number of planned layoffs by US companies had recorded a reading of 29.83 K in the previous month.
Canadian Ivey PMI declined in November
In November, the non-seasonally adjusted Ivey PMI in Canada fell to a level of 62.40. In the prior month, Ivey PMI had registered a reading of 63.50.
Canadian building permits rose more than expected in October
Building permits climbed 3.50% on a monthly basis in October, in Canada, higher than market expectations for a rise of 1.00%. In the prior month, building permits had advanced by a revised 4.90%.
Canadian Ivey PMI dropped in November
The seasonally adjusted Ivey PMI fell to a level of 63.00 in Canada, in November, higher than market expectations of a fall to a level of 62.50. In the previous month, Ivey PMI had registered a reading of 63.80.
Japanese annualised GDP advanced more than expected in 3Q 2017
On a quarterly basis in Japan, the final annualised GDP climbed 2.50% in 3Q 2017, compared to a revised advance of 2.60% in the previous quarter. Market expectation was for annualised GDP to rise 1.50%. The preliminary figures had recorded an advance of 1.40%.
Japanese current account surplus fell in October
The non-seasonally adjusted current account surplus in Japan narrowed to ¥2176.40 billion in October, following a current account surplus of ¥2271.20 billion in the previous month. Markets were anticipating the nation’s current account surplus to narrow to ¥1721.00 billion.
Japanese nominal GDP rose more than expected in 3Q 2017
On a quarterly basis, the final nominal GDP in Japan registered a rise of 0.80% in 3Q 2017, higher than market expectations for a rise of 0.70%. Nominal GDP had registered a revised rise of 0.60% in the previous quarter. The preliminary figures had recorded an advance of 0.60%.
Japanese bank lending including trusts advanced less than expected in November
On an annual basis, bank lending including trusts climbed 2.70% in November, in Japan, less than market expectations for an advance of 2.80%. In the prior month, bank lending including trusts had advanced 2.80%.
Japanese GDP advanced more than expected in 3Q 2017
On a QoQ basis in 3Q 2017, the final GDP rose 0.60% in Japan, compared to a similar rise in the previous quarter. Market anticipation was for GDP to advance 0.40%. The preliminary figures had indicated a rise of 0.30%.
Japanese adjusted (total) current account surplus widened in October
Adjusted (total) current account surplus in Japan rose to ¥2441.50 billion in October, more than market expectations of an adjusted (total) current account surplus of ¥1932.70 billion. Japan had posted an adjusted (total) current account surplus of ¥1835.10 billion in the prior month.
Japanese labour cash earnings advanced less than expected in October
On an annual basis, in Japan, labour cash earnings recorded a rise of 0.60% in October, lower than market expectations for an advance of 0.80%. In the prior month, labour cash earnings had recorded a rise of 0.90%.
Japanese GDP deflator advanced as expected in 3Q 2017
In 3Q 2017, the final GDP deflator climbed 0.10% in Japan on a YoY basis, compared to a drop of 0.40% in the previous quarter. Market expectation was for the GDP deflator to advance 0.10%. The preliminary figures had also recorded an advance of 0.10%.
Japanese corporate bankruptcies dropped in November
Corporate bankruptcies recorded a drop of 2.30% on a YoY basis in Japan, in November. Corporate bankruptcies had registered a rise of 7.32% in the prior month.
Japanese leading economic index dropped in October
In October, the preliminary leading economic index registered a drop to 106.10 in Japan, in line with market expectations. In the previous month, the leading economic index had registered a reading of 106.40.
Japanese bank lending ex-trust rose in November
In Japan, bank lending ex-trust registered a rise of 2.70% in November on an annual basis. Bank lending ex-trust had climbed 2.80% in the prior month.
Japanese (BOP basis) trade surplus dropped in October
In October, (BOP basis) trade surplus in Japan dropped to ¥430.20 billion, compared to market expectations of a (BOP basis) trade surplus of ¥418.10 billion. Japan had registered a (BOP basis) trade surplus of ¥852.20 billion in the previous month.
Japanese coincident index surprisingly rose in October
In October, the preliminary coincident index in Japan advanced unexpectedly to 116.50, higher than market expectations of an unchanged reading. In the previous month, the coincident index had registered a level of 116.20.
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