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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK number of mortgage approvals for house purchases surprisingly climbed in November
In the UK, number of mortgage approvals for house purchases recorded an unexpected rise to a level of 65.10 K in November, compared to a revised reading of 64.90 K in the previous month. Market anticipation was for number of mortgage approvals for house purchases to drop to 64.00 K.
UK official reserves dropped in December
In December, official reserves dropped $44.00 million in the UK. Official reserves had recorded a rise of $865.00 million in the prior month.
UK services PMI advanced in December
In December, the services PMI recorded a rise to 54.20 in the UK, higher than market expectations of a rise to a level of 54.00. In the prior month, the services PMI had recorded a level of 53.80.
UK net lending secured on dwellings advanced more than expected in November
In the UK, net lending secured on dwellings recorded a rise of £3.50 billion in November, higher than market expectations for a rise of £3.40 billion. In the prior month, net lending secured on dwellings had advanced by a revised £3.30 billion.
UK BRC shop price index eased in December
In December, on a YoY basis, the BRC shop price index slid 0.60% in the UK. The BRC shop price index had recorded a drop of 0.10% in the previous month.
UK house prices advanced more than expected in December
The seasonally adjusted house prices recorded a rise of 0.60% on a MoM basis in December, in the UK, higher than market expectations for an advance of 0.10%. House prices had recorded a rise of 0.10% in the prior month.
UK house prices rose more than expected in December
On an annual basis, the non-seasonally adjusted house prices in the UK recorded a rise of 2.60% in December, more than market expectations for a rise of 2.00%. House prices had advanced 2.50% in the prior month.
UK net consumer credit rose less than expected in November
Net consumer credit advanced £1.40 billion in the UK in November, compared to a revised similar rise in the prior month. Markets were anticipating net consumer credit to rise £1.50 billion.
Euro-zone composite PMI rose in December
The final composite PMI recorded a rise to 58.10 in December, in the Euro-zone, compared to a level of 57.50 in the prior month. The preliminary figures had indicated an advance to 58.00. Market expectation was for composite PMI to advance to 58.00.
Euro-zone services PMI advanced in December
The final services PMI advanced to 56.60 in the Euro-zone, in December, higher than market expectations of an advance to a level of 56.50. In the previous month, services PMI had recorded a reading of 56.20. The preliminary figures had indicated an advance to 56.50.
German services PMI advanced in December
The final services PMI climbed to 55.80 in December, in Germany, compared to a reading of 54.30 in the previous month. The preliminary figures had also indicated a rise to 55.80. Market expectation was for services PMI to rise to.
German Markit composite PMI rose in December
The final Markit composite PMI rose to a level of 58.90 in December, in Germany, higher than market expectations of a rise to 58.70. Markit composite PMI had registered a level of 57.30 in the previous month. The preliminary figures had indicated a rise to 58.70.
French Markit composite PMI declined in December
The final Markit composite PMI in France dropped to 59.60 in December, compared to a reading of 60.30 in the prior month. Markets were anticipating Markit composite PMI to fall to 60.00. The preliminary figures had indicated a fall to 60.00.
French services PMI fell in December
In December, the final services PMI eased to 59.10 in France, compared to a level of 60.40 in the previous month. The preliminary figures had recorded a drop to 59.40. Markets were anticipating services PMI to drop to 59.40.
Italian services PMI surprisingly climbed in December
In December, the services PMI advanced unexpectedly to a level of 55.40 in Italy, compared to a reading of 54.70 in the prior month. Market anticipation was for the services PMI to record a flat reading.
Spanish services PMI rose in December
In Spain, the services PMI rose to a level of 54.60 in December, in line with market expectations. The services PMI had recorded a reading of 54.40 in the previous month.
US Markit services PMI dropped in December
The final Markit services PMI recorded a drop to 53.70 in the US, in December, higher than market expectations of a fall to a level of 52.50. In the prior month, Markit services PMI had recorded a reading of 54.50. The preliminary figures had recorded a fall to 52.40.
US Markit composite PMI eased in December
In the US, the final Markit composite PMI recorded a drop to 54.10 in December. In the prior month, Markit composite PMI had registered a level of 54.50. The preliminary figures had recorded a drop to 53.00.
US initial jobless claims unexpectedly climbed in the last week
The seasonally adjusted initial jobless claims in the US climbed unexpectedly to a level of 250.00 K in the week ended 30 December 2017, compared to market expectations of a fall to 240.00 K. Initial jobless claims had registered a revised reading of 247.00 K in the prior week.
US continuing jobless claims slid in the last week
The seasonally adjusted continuing jobless claims eased to 1914.00 K in the US, in the week ended 23 December 2017, compared to market expectations of a fall to 1928.00 K. Continuing jobless claims had recorded a revised reading of 1951.00 K in the previous week.
US number of planned layoffs by US companies fell in December
On a YoY basis, the number of planned layoffs by US companies in the US eased 3.60% in December. In the prior month, the number of planned layoffs by US companies had climbed 30.10%.
Private sector employment in the US advanced in December
The private sector employment in the US rose by 250.00 K in December, compared to a revised advance of 185.00 K in the previous month. Markets were anticipating the private sector employment to advance 190.00 K.
Canadian raw material price index rose in November
In Canada, the raw material price index rose 5.50% in November on a monthly basis. In the previous month, the raw material price index had advanced 3.80%.
Canadian industrial product price index advanced more than expected in November
In November, on a MoM basis, the industrial product price index in Canada recorded a rise of 1.40%, compared to a revised rise of 1.10% in the previous month. Market anticipation was for the industrial product price index to advance 1.00%.
Japanese corporate loans & discounts rose in November
Corporate loans & discounts rose 3.11% in Japan on an annual basis, in November. Corporate loans & discounts had risen 3.54% in the previous month.
Japanese Markit composite PMI remained flat in December
In Japan, Markit composite PMI remained unchanged at 52.20 in December.
Japanese monetary base rose in December
The monetary base rose 11.20% on an annual basis, in December, in Japan. In the prior month, the monetary base had advanced 13.20%.
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