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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP advanced less than expected in 3Q 2015
The flash gross domestic product (GDP) advanced 0.50% on a QoQ basis in the UK, in 3Q 2015, less than market expectations for an advance of 0.60%. GDP had climbed 0.70% in the previous quarter.
UK index of services advanced less than expected in August
In August, on a MoM basis, the index of services rose 0.90% in the UK, less than market expectations for a rise of 1.00%. The index of services had climbed 0.80% in the May-July 2015 period.
UK GDP advanced less than expected in 3Q 2015
On a YoY basis, the preliminary gross domestic product (GDP) in the UK advanced 2.30% in 3Q 2015, compared to an advance of 2.40% in the previous quarter. Markets were anticipating GDP to climb 2.40%.
UK index of services remained flat in August
The index of services in the UK remained unchanged in August on a monthly basis, less than market expectations for an advance of 0.20%. In the previous month, the index of services had risen 0.20%.
Euro-zone private sector loans advanced as expected in September
In September, private sector loans advanced 1.10% on an annual basis in the Euro-zone, compared to an advance of 1.00% in the prior month. Market expectation was for private sector loans to advance 1.10%.
Euro-zone M3 money supply advanced less than expected in September
M3 money supply in the Euro-zone registered a rise of 4.90% in September on a YoY basis, compared to a revised similar rise in the previous month. Markets were expecting M3 money supply to rise 5.00%.
Euro-zone three-month average of M3 money supply advanced in the July-September 2015 period
In the July-September 2015 period, on a YoY basis, the three-month average of M3 money supply in the Euro-zone climbed 5.00%. The three-month average of M3 money supply had registered a similar rise in the June-August 2015 period.
Swiss UBS consumption indicator advanced in September
UBS consumption indicator advanced to 1.65 in September, in Switzerland. In the previous month, UBS consumption indicator had recorded a revised reading of 1.64.
US Markit composite PMI slid in October
The flash Markit composite PMI registered a drop to 54.50 in October, in the US, compared to a reading of 55.00 in the previous month.
US CB consumer confidence index registered an unexpected drop in October
Compared to a revised reading of 102.60 in the previous month the CB consumer confidence index recorded an unexpected drop to 97.60 in October, in the US. Markets were expecting the CB consumer confidence index to advance to a level of 103.00.
US durable goods orders (ex transportation) unexpectedly slid in September
In September, on a monthly basis, durable goods orders (ex transportation) unexpectedly eased 0.40% in the US, lower than market expectations for a steady reading. Durable goods orders (ex transportation) had registered a revised drop of 0.90% in the prior month.
US Markit services PMI fell surprisingly in October
In October, the flash Markit services PMI in the US eased unexpectedly to 54.40, compared to market expectations of an advance to a level of 55.50. In the previous month, Markit services PMI had registered a reading of 55.10.
US non-defense capital goods orders (ex aircraft) unexpectedly slid in September
On a MoM basis, in September, the non-defense capital goods orders (ex aircraft) unexpectedly dropped 0.30% in the US, compared to a revised fall of 1.60% in the prior month. Market anticipation was for the non-defense capital goods orders (ex aircraft) to advance 0.20%.
US Richmond Fed manufacturing index climbed in October
The Richmond Fed manufacturing index advanced to -1.00 in the US, in October, higher than market expectations of a rise to -3.00. In the prior month, the Richmond Fed manufacturing index had recorded a reading of -5.00.
US Redbook index recorded a rise in the last week
The Redbook index registered a rise of 1.50% on a YoY basis in the US, in the week ended 23 October 2015. The Redbook index had advanced 1.30% in the prior week.
US non-defense capital goods shipments (ex aircraft) advanced more than expected in September
In September, on a MoM basis, the non-defense capital goods shipments (ex aircraft) in the US advanced 0.50%, more than market expectations for a rise of 0.40%. The non-defense capital goods shipments (ex aircraft) had registered a revised drop of 0.80% in the previous month.
US S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas advanced less than expected in August
The S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas climbed 5.09% in the US, on an annual basis in August, less than market expectations for a rise of 5.10%. In the prior month, the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas had recorded a revised rise of 4.91%.
US S&P/Case-Shiller composite index of 20 metropolitan areas advanced more than expected in August
On a monthly basis, in the US, the seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas climbed 0.11% in August, compared to a fall of 0.20% in the previous month. Markets were expecting the S&P/Case-Shiller composite index of 20 metropolitan areas to climb 0.10%.
US S&P/Case-Shiller home price index advanced in August
The S&P/Case-Shiller home price index in the US advanced to 182.47 in August, higher than market expectations of a rise to 182.26. The S&P/Case-Shiller home price index had recorded a revised level of 181.81 in the prior month.
US durable goods orders fell less than expected in September
In September, durable goods orders slid 1.20% on a monthly basis in the US, lower than market expectations for a drop of 1.30%. In the prior month, durable goods orders had fallen by a revised 3.00%.
US Redbook index remained steady in the last week
In the week ended 23 October 2015, on a monthly basis, the seasonally adjusted Redbook index remained unchanged in the US. In the prior week, the Redbook index had fallen 0.10%.
Japanese retail trade rose less than expected in September
On a monthly basis, retail trade in Japan climbed 0.70% in September, lower than market expectations for a rise of 1.10%. Retail trade had recorded a flat reading in the prior month.
Japanese retail trade surprisingly dropped in September
In September, retail trade recorded an unexpected drop of 0.20% on an annual basis in Japan, less than market expectations for an advance of 0.40%. In the prior month, retail trade had registered a rise of 0.80%.
Japanese large retailer’s sales advanced more than expected in September
In September, large retailer’s sales registered a rise of 1.70% on a monthly basis in Japan, higher than market expectations for an advance of 1.40%. In the prior month, large retailer’s sales had registered a rise of 1.80%.
Chinese leading index fell in September
In September, the leading index in China dropped to 98.51. The leading index had recorded a revised reading of 98.53 in the previous month.
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