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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction output unexpectedly advanced in November
In November, on a YoY basis, construction output in the UK registered an unexpected rise of 0.40%, higher than market expectations for a drop of 1.00%. Construction output had climbed by a revised 1.30% in the previous month.
UK total trade deficit expanded in November
Total trade deficit in the UK rose to £2.80 billion in November, compared to a revised total trade deficit of £2.23 billion in the prior month. Market expectation was for the nation’s total trade deficit to narrow to £1.50 billion.
UK manufacturing production advanced more than expected in November
In November, manufacturing production recorded a rise of 0.40% on a MoM basis in the UK, more than market expectations for a rise of 0.30%. In the prior month, manufacturing production had recorded a revised rise of 0.30%.
UK NIESR estimated GDP rose more than expected in the October-December 2017 period
In the October-December 2017 period, NIESR estimated gross domestic product (GDP) in the UK, rose 0.60% on a MoM basis, more than market expectations for an advance of 0.50%. NIESR estimated GDP had registered a revised similar rise in the September-November 2017 period.
UK trade deficit widened in November
Non-EU trade deficit in the UK widened to £4.68 billion in November, more than market expectations of a trade deficit of £2.60 billion. The UK had registered a revised trade deficit of £3.37 billion in the prior month.
UK construction output advanced less than expected in November
On a MoM basis in November, construction output registered a rise of 0.40% in the UK, lower than market expectations for a rise of 0.80%. In the prior month, construction output had fallen by a revised 1.10%.
UK industrial production rose more than expected in November
On an annual basis, industrial production in the UK advanced 2.50% in November, more than market expectations for a rise of 1.80%. In the previous month, industrial production had advanced by a revised 4.30%.
UK visible trade deficit widened in November
Visible trade deficit in the UK rose to £12.23 billion in November, compared to market expectations of a visible trade deficit of £10.95 billion. The UK had reported a revised visible trade deficit of £11.68 billion in the prior month.
UK manufacturing production rose more than expected in November
In November, manufacturing production recorded a rise of 3.50% in the UK on a YoY basis, compared to a revised rise of 4.70% in the prior month. Markets were expecting manufacturing production to advance 2.80%.
UK industrial production rose as expected in November
Industrial production recorded a rise of 0.40% on a MoM basis in the UK, in November, at par with market expectations. In the prior month, industrial production had risen by a revised 0.20%.
French industrial production declined as expected in November
Industrial production dropped 0.50% in France, on a MoM basis in November, in line with market expectations. In the previous month, industrial production had registered a revised rise of 1.70%.
French manufacturing production dropped less than expected in November
Manufacturing production in France registered a drop of 1.00% on a MoM basis in November, less than market expectations for a drop of 1.40%. In the previous month, manufacturing production had recorded a revised rise of 2.50%.
US mortgage applications rose in the last week
On a weekly basis, mortgage applications registered a rise of 8.30% in the US, in the week ended 05 January 2018. In the previous week, mortgage applications had dropped by a revised 1.60%.
US export price index rose in December
The export price index registered a rise of 2.60% in the US on an annual basis, in December. The export price index had risen 3.10% in the previous month.
US import price index rose less than expected in December
On a MoM basis, in December, the import price index climbed 0.10% in the US, compared to a revised rise of 0.80% in the previous month. Markets were anticipating the import price index to rise 0.40%.
US wholesale inventories rose more than expected in November
The seasonally adjusted final wholesale inventories climbed 0.80% on a monthly basis in the US, in November, compared to a revised fall of 0.40% in the prior month. The preliminary figures had recorded a rise of 0.70%. Market anticipation was for the wholesale inventories to climb 0.70%.
US export price index unexpectedly slid in December
In December, on a monthly basis, the export price index in the US registered an unexpected drop of 0.10%, lower than market expectations for a rise of 0.30%. The export price index had advanced 0.50% in the previous month.
US import price index advanced less than expected in December
In December, the import price index in the US registered a rise of 3.00% on an annual basis, lower than market expectations for a rise of 3.10%. The import price index had advanced by a revised 3.30% in the previous month.
Canadian building permits fell more than expected in November
In November, building permits in Canada registered a drop of 7.70% on a monthly basis, higher than market expectations for a drop of 1.00%. In the previous month, building permits had recorded a revised rise of 4.40%.
Japanese foreign exchange reserves climbed in December
Foreign exchange reserves climbed to $1264.30 billion in Japan, in December. In the prior month, foreign exchange reserves had registered a level of $1261.20 billion.
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