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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 dropped in December
Number of mortgage approvals for house purchases in the UK dropped to 61.00 K in December, compared to a revised reading of 64.70 K in the prior month. Markets were anticipating number of mortgage approvals for house purchases to fall to 63.50 K.
UK net consumer credit advanced more than expected in December
Net consumer credit climbed £1.50 billion in the UK in December, more than market expectations for a rise of £1.40 billion. In the prior month, net consumer credit had registered a revised similar rise.
UK consumer confidence unexpectedly advanced in January
The consumer confidence climbed unexpectedly to -9.00 in January, in the UK, compared to market expectations of a steady reading. In the prior month, the consumer confidence had recorded a level of -13.00.
UK M4 money supply rose in December
M4 money supply recorded a rise of 3.70% in the UK on a YoY basis, in December. In the previous month, M4 money supply had recorded a revised rise of 3.80%.
UK BRC shop price index dropped more than expected in January
On a YoY basis, in the UK, the BRC shop price index slid 0.50% in January, more than market expectations for a drop of 0.40%. In the prior month, the BRC shop price index had dropped 0.60%.
UK business barometer climbs in January
In January, the business barometer in the UK rose to a level of 35.00%. The business barometer had registered a reading of 28.00% in the prior month.
UK net lending secured on dwellings rose more than expected in December
Net lending secured on dwellings in the UK recorded a rise of £3.70 billion in December, compared to a revised similar rise in the prior month. Market anticipation was for net lending secured on dwellings to climb £3.40 billion.
Euro-zone consumer confidence index advanced in January
Compared to a reading of 0.50 in the previous month the final consumer confidence index recorded a rise to 1.30 in the Euro-zone, in January. Markets were anticipating the consumer confidence index to climb to 1.30. The preliminary figures had also recorded an advance to 1.30.
Euro-zone services sentiment indicator surprisingly slid in January
The services sentiment indicator in the Euro-zone fell unexpectedly to 16.70 in January, compared to market expectations of a rise to a level of 18.50. The services sentiment indicator had registered a revised reading of 18.00 in the previous month.
Euro-zone industrial confidence index steadied in January
The industrial confidence index in the Euro-zone remained steady at a level of 8.80 in January, compared to market expectations of a rise to a level of 8.90.
Euro-zone GDP rose as expected in 4Q 2017
On an annual basis in the Euro-zone, the seasonally adjusted flash gross domestic product (GDP) advanced 2.70% in 4Q 2017, meeting market expectations. GDP had recorded a rise of 2.60% in the previous quarter.
Euro-zone business climate indicator surprisingly eased in January
In the Euro-zone, the business climate indicator recorded an unexpected drop to a level of 1.54 in January, compared to market expectations of a rise to 1.68. In the prior month, the business climate indicator had recorded a revised reading of 1.60.
Euro-zone economic sentiment indicator surprisingly dropped in January
The economic sentiment indicator in the Euro-zone recorded an unexpected drop to 114.70 in January, compared to a revised reading of 115.30 in the previous month. Market anticipation was for the economic sentiment indicator to climb to a level of 116.20.
Euro-zone GDP rose as expected in 4Q 2017
On a quarterly basis, the seasonally adjusted flash GDP recorded a rise of 0.60% in 4Q 2017, in the Euro-zone, compared to a similar rise in the previous quarter. Market expectation was for GDP to climb 0.60%.
German CPI fell more than expected in January
In January, the preliminary consumer price index (CPI) slid 0.70% in Germany on a monthly basis, compared to an advance of 0.60% in the previous month. Market anticipation was for the CPI to drop 0.60%.
German CPI rises less than expected in January
The preliminary CPI in Germany registered a rise of 1.60% in January on an annual basis, compared to a rise of 1.70% in the previous month. Markets were expecting the CPI to climb 1.70%.
German HICP rose less than expected in January
On an annual basis, the flash harmonised consumer price index (HICP) recorded a rise of 1.40% in January, in Germany, lower than market expectations for an advance of 1.60%. In the previous month, the HICP had advanced 1.60%.
German HICP declined more than expected in January
In January, the flash HICP slid 1.00% on a monthly basis in Germany, more than market expectations for a fall of 0.70%. The HICP had recorded a rise of 0.80% in the previous month.
French GDP advanced more than expected in 4Q 2017
The flash GDP in France registered a rise of 2.40% in 4Q 2017 on a YoY basis, higher than market expectations for an advance of 2.30%. GDP had recorded a rise of 2.30% in the prior quarter.
French GDP advanced as expected in 4Q 2017
In 4Q 2017, on a quarterly basis, the preliminary GDP in France rose 0.60%, compared to a similar rise in the prior quarter. Markets were expecting GDP to rise 0.60%.
French consumer spending dropped more than expected in December
In France, consumer spending slid 1.20% in December on a monthly basis, compared to a revised rise of 3.00% in the previous month. Market anticipation was for consumer spending to ease 0.10%.
Italian business confidence index surprisingly declined in January
The business confidence index eased unexpectedly to a level of 109.90 in January, in Italy, compared to market expectations of an advance to 110.50. In the previous month, the business confidence index had recorded a revised reading of 110.30.
Italian wage inflation climbed in December
In Italy, the wage inflation registered a rise to 0.10% in December. In the prior month, the wage inflation had registered a reading of 0.00%.
Italian economic sentiment index eased in January
The economic sentiment index recorded a drop to 105.60 in January, in Italy. In the previous month, the economic sentiment index had registered a revised reading of 108.70.
Italian consumer confidence index surprisingly dropped in January
The consumer confidence index registered an unexpected drop to a level of 115.50 in January, in Italy, lower than market expectations of an advance to 116.70. The consumer confidence index had registered a revised level of 116.50 in the previous month.
Spanish GDP rose as expected in 4Q 2017
The preliminary GDP registered a rise of 3.10% on a YoY basis in Spain, in 4Q 2017, at par with market expectations. GDP had registered a similar rise in the previous quarter.
Spanish GDP advanced as expected in 4Q 2017
On a QoQ basis, in Spain, the flash GDP registered a rise of 0.70% in 4Q 2017, in line with market expectations. GDP had registered a rise of 0.80% in the previous quarter.
Swiss exports advanced in December
In Switzerland, exports advanced 2.80% on a MoM basis, in December. Exports had recorded a revised rise of 0.40% in the previous month.
Swiss trade surplus widened in December
Trade surplus in Switzerland expanded to CHF 2.63 billion in December. Switzerland had posted a revised trade surplus of CHF 2.58 billion in the previous month.
Swiss imports advanced in December
On a monthly basis, imports registered a rise of 0.60% in Switzerland, in December. In the prior month, imports had climbed by a revised 3.70%.
Swiss KOF economic barometer declined in January
In January, the KOF economic barometer in Switzerland dropped to 106.90, compared to a revised level of 111.40 in the previous month. Markets were anticipating the KOF economic barometer to ease to 110.80.
US S&P/Case-Shiller home price index rose in November
The S&P/Case-Shiller home price index rose to a level of 204.21 in the US, in November, compared to a revised reading of 203.71 in the previous month.
US CB consumer confidence index unexpectedly climbed in January
Compared to a revised reading of 123.10 in the prior month the CB consumer confidence index rose unexpectedly to a level of 125.40 in the US, in January. Market expectation was for the CB consumer confidence index to drop to a level of 123.00.
US S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas advanced more than expected in November
The S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas in the US registered a rise of 6.41% on an annual basis in November, compared to a revised advance of 6.32% in the previous month. Markets were expecting the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas to rise 6.30%.
US S&P/Case-Shiller composite index of 20 metropolitan areas rose more than expected in November
The seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas recorded a rise of 0.75% in the US on a MoM basis in November, more than market expectations for a rise of 0.60%. The S&P/Case-Shiller composite index of 20 metropolitan areas had registered a rise of 0.70% in the previous month.
Japanese industrial production rose more than expected in December
On a monthly basis in December, the preliminary industrial production rose 2.70% in Japan, more than market expectations for an advance of 1.50%. In the prior month, industrial production had risen 0.50%.
Japanese corporate loans & discounts climbed in December
Corporate loans & discounts in Japan registered a rise of 2.77% on an annual basis, in December. In the previous month, corporate loans & discounts had climbed 3.11%.
Japanese industrial production advanced more than expected in December
On a YoY basis in December, the preliminary industrial production rose 4.20% in Japan, compared to an advance of 3.60% in the previous month. Market anticipation was for industrial production to advance 3.30%.
Chinese NBS non-manufacturing PMI unexpectedly advanced in January
The NBS non-manufacturing PMI climbed unexpectedly to 55.30 in January, in China, compared to a level of 55.00 in the prior month. Market anticipation was for the NBS non-manufacturing PMI to drop to a level of 54.90.
Chinese NBS manufacturing PMI unexpectedly slid in January
The NBS manufacturing PMI dropped unexpectedly to 51.30 in January, in China, compared to a level of 51.60 in the prior month. Market expectation was for the NBS manufacturing PMI to record a flat reading.
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