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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK consumer confidence recorded an unexpected drop in October
The consumer confidence recorded an unexpected drop to a level of 2.00 in October, in the UK, compared to a level of 3.00 in the prior month. Market expectation was for the consumer confidence to rise to a level of 4.00.
UK net lending secured on dwellings advanced more than expected in September
In September, net lending secured on dwellings in the UK registered a rise of £3.60 billion, more than market expectations for a rise of £3.30 billion. Net lending secured on dwellings had risen £3.40 billion in the prior month.
UK M4 money supply slid in September
The Bank of England has reported that, in the UK, M4 money supply dropped 0.60% on a YoY basis, in September. M4 money supply had fallen by a revised 0.20% in the prior month.
UK M4 money supply dropped in September
In September, on a MoM basis, M4 money supply dropped 1.00% in the UK. M4 money supply had dropped by a revised 0.50% in the previous month.
UK number of mortgage approvals for house purchases eased surprisingly in September
Number of mortgage approvals for house purchases recorded an unexpected drop to 68.90 K in September, in the UK, compared to market expectations of an advance to a level of 72.40 K. Number of mortgage approvals for house purchases had recorded a revised reading of 70.70 K in the previous month.
UK house prices rose more than expected in October
The non-seasonally adjusted house prices registered a rise of 3.90% on a YoY basis in October, in the UK, higher than market expectations for a rise of 3.80%. House prices had recorded a rise of 3.80% in the prior month.
UK M4 Ex-IOFCs 3M annualised rose more than expected in September
M4 Ex-IOFCs 3M annualised registered a rise of 4.00% on a MoM basis in the UK, in September, compared to a revised advance of 1.90% in the previous month. Market anticipation was for M4 Ex-IOFCs 3M annualised to rise 2.70%.
UK house prices rose more than expected in October
On a monthly basis, the seasonally adjusted house prices in the UK advanced 0.60% in October, compared to a rise of 0.50% in the prior month. Markets were expecting house prices to rise 0.50%.
UK CBI distributive trade survey’s retail sales balance eased in October
In the UK, the CBI distributive trade survey’s retail sales balance dropped to 19.00% in October, lower than market expectations of a drop to 35.00%. The CBI distributive trade survey’s retail sales balance had recorded a level of 49.00% in the prior month.
UK consumer credit rose in September
The seasonally adjusted consumer credit recorded a rise of £21.03 billion in the UK, in September. In the previous month, consumer credit had registered a revised rise of £20.84 billion.
UK net consumer credit advanced more than expected in September
In September, net consumer credit in the UK climbed £1.30 billion, higher than market expectations for a rise of £1.10 billion. In the prior month, net consumer credit had registered a revised similar rise.
Euro-zone business climate indicator surprisingly advanced in October
In the Euro-zone, the business climate indicator registered an unexpected rise to a level of 0.44 in October, compared to a revised reading of 0.36 in the previous month. Markets were anticipating the business climate indicator to fall to 0.31.
Euro-zone industrial confidence index advanced surprisingly in October
In October, the industrial confidence index in the Euro-zone rose unexpectedly to a level of -2.00, higher than market expectations of a fall to -2.70. In the previous month, the industrial confidence index had recorded a revised level of -2.30.
Euro-zone services sentiment indicator recorded a drop in October
In October, the services sentiment indicator registered a drop to 11.90 in the Euro-zone, compared to market expectations of a fall to a level of 12.00. In the previous month, the services sentiment indicator had recorded a reading of 12.40.
Euro-zone economic sentiment indicator recorded an unexpected rise in October
The economic sentiment indicator rose unexpectedly to a level of 105.90 in October, in the Euro-zone, higher than market expectations of a drop to 105.10. The economic sentiment indicator had recorded a level of 105.60 in the prior month.
Euro-zone consumer confidence index slid in October
The final consumer confidence index in the Euro-zone eased to -7.70 in October, at par with market expectations. In the previous month, the consumer confidence index had registered a level of -7.10. The preliminary figures had also indicated a drop to -7.70.
German unemployment rate remained unchanged in October
The seasonally adjusted unemployment rate remained steady at 6.40% in October, in Germany, meeting market expectations.
German HICP recorded an unexpected rise in October
In October, on an annual basis, the preliminary harmonised index of consumer prices (HICP) unexpectedly rose 0.20% in Germany, higher than market expectations for a steady reading. The HICP had dropped 0.20% in the prior month.
German consumer price index remained steady in October
On a MoM basis, the preliminary consumer price index in Germany remained steady in October, more than market expectations for a fall of 0.10%. The consumer price index had recorded a drop of 0.20% in the previous month.
German HICP remained steady in October
The preliminary HICP in Germany remained flat in October on a MoM basis, compared to a fall of 0.30% in the prior month. Market expectation was for the HICP to fall 0.10%.
German number of people unemployed fell more than expected in October
The number of people unemployed in Germany eased 5.00 K in October, more than market expectations for a drop of 4.00 K. In the prior month, the number of people unemployed had recorded a rise of 2.00 K.
German consumer price index advanced more than expected in October
In October, on a YoY basis, the preliminary consumer price index in Germany registered a rise of 0.30%, higher than market expectations for a rise of 0.20%. The consumer price index had registered a flat reading in the prior month.
Spanish consumer price index dropped more than expected in October
On a YoY basis, the flash consumer price index registered a drop of 0.70% in Spain, in October, compared to a fall of 0.90% in the prior month. Market anticipation was for the consumer price index to ease 0.60%.
Spanish retail sales rose more than expected in September
On a YoY basis, retail sales registered a rise of 4.30% in Spain, in September, compared to a revised rise of 3.00% in the previous month. Market expectation was for retail sales to climb 3.00%.
Spanish consumer price index advanced as expected in October
The flash consumer price index climbed 0.70% on a MoM basis in Spain, in October, compared to a drop of 0.30% in the previous month. Market anticipation was for the consumer price index to rise 0.70%.
Spanish HICP declined as expected in October
The flash HICP index slid 0.90% on an annual basis in Spain in October, at par with market expectations. In the previous month, the HICP had recorded a drop of 1.10%.
Spanish HICP rose as expected in October
In October, on a monthly basis, the preliminary HICP in Spain advanced 0.30%, compared to an advance of 0.40% in the prior month. Market anticipation was for the HICP to advance 0.30%.
US pending home sales unexpectedly slid in September
Pending home sales in the US registered an unexpected drop of 2.30% on a MoM basis in September, lower than market expectations for a rise of 1.00%. In the previous month, pending home sales had registered a drop of 1.40%.
US personal consumption rose less than expected in 3Q 2015
On a QoQ basis in the US, the preliminary personal consumption registered a rise of 3.20% in 3Q 2015, lower than market expectations for a rise of 3.30%. Personal consumption had risen 3.60% in the prior quarter.
US annualised GDP rose as expected in 3Q 2015
On a quarterly basis in the US, the flash annualised gross domestic product advanced 1.50% in 3Q 2015, in line with market expectations. In the prior quarter, the annualised GDP had recorded a rise of 3.90%.
US continuing jobless claims registered a drop in the last week
In the US, the seasonally adjusted continuing jobless claims eased to 2144.00 K in the week ended 17 October 2015, lower than market expectations of a fall to 2160.00 K. Continuing jobless claims had registered a revised reading of 2181.00 K in the previous week.
US core personal consumption expenditure advanced less than expected in 3Q 2015
The flash core personal consumption expenditure advanced 1.30% on a quarterly basis in the US, in 3Q 2015, lower than market expectations for an advance of 1.40%. Core personal consumption expenditure had recorded a rise of 1.90% in the prior quarter.
US initial jobless claims advanced in the last week
The seasonally adjusted initial jobless claims climbed to 260.00 K in the week ended 24 October 2015, in the US, lower than market expectations of a rise to a level of 265.00 K. Initial jobless claims had registered a reading of 259.00 K in the prior week.
US pending home sales advanced less than expected in September
Pending home sales registered a rise of 2.50% on an annual basis in the US, in September, compared to a revised advance of 6.60% in the previous month. Market anticipation was for pending home sales to advance 7.30%.
US GDP price index advanced less than expected in 3Q 2015
In 3Q 2015, on a QoQ basis, the preliminary gross domestic product price index registered a rise of 1.20% in the US, less than market expectations for an advance of 1.40%. The GDP price index had advanced 2.10% in the prior quarter.
Canadian industrial product price index declined more than expected in September
On a monthly basis, the industrial product price index dropped 0.30% in Canada, in September, compared to a similar fall in the prior month. Market expectation was for the industrial product price index to fall 0.10%.
Canadian raw material price index advanced more than expected in September
On a monthly basis in September, the raw material price index registered a rise of 3.00% in Canada, compared to a revised drop of 6.80% in the previous month. Market anticipation was for the raw material price index to climb 1.10%.
Japanese National CPI ex-fresh food declined less than expected in September
National CPI ex-fresh food dropped 0.10% on an annual basis in September, in Japan, lower than market expectations for a drop of 0.20%. National CPI ex-fresh food had registered a similar fall in the prior month.
Japanese unemployment rate steadied in September
Unemployment rate remained steady at a level of 3.40% in September, in Japan, at par with market expectations.
Japanese Tokyo CPI excluding food and energy advanced less than expected in October
In October, on an annual basis, Tokyo CPI excluding food and energy rose 0.40% in Japan, less than market expectations for a rise of 0.50%. In the previous month, Tokyo CPI excluding food and energy had recorded a rise of 0.60%.
Japanese household spending unexpectedly fell in September
In September, on an annual basis, household spending in Japan registered an unexpected drop of 0.40%, lower than market expectations for an advance of 1.20%. Household spending had climbed 2.90% in the prior month.
Japanese job to applicant ratio rose in September
In September, job to applicant ratio in Japan rose to a level of 1.24, at par with market expectations. Job to applicant ratio had recorded a level of 1.23 in the previous month.
Japanese national consumer price index (CPI) remained unchanged in September
On a YoY basis, the national consumer price index (CPI) in Japan remained unchanged in September, in line with market expectations. The national consumer price index (CPI) had registered a rise of 0.20% in the prior month.
Japanese vehicle production eased in September
Vehicle production recorded a drop of 2.60% on a YoY basis, in September, in Japan. Vehicle production had recorded a drop of 4.70% in the prior month.
Japanese Tokyo CPI excluding fresh food declined as expected in October
On an annual basis in Japan, Tokyo CPI excluding fresh food fell 0.20% in October, at par with market expectations. In the prior month, Tokyo CPI excluding fresh food had registered a similar fall.
Japanese Tokyo consumer price index surprisingly climbed in October
In October, on an annual basis, Tokyo consumer price index in Japan recorded an unexpected rise of 0.10%, higher than market expectations for a steady reading. In the previous month, Tokyo consumer price index had registered a drop of 0.10%.
Bank of Japan kept its key interest rate steady
The Bank of Japan kept its key interest rate unchanged at 0.10%. Moreover, the central bank of Japan maintained its assets purchase program unchanged at an annual pace of ¥80.0 trillion.
Japanese National CPI ex-food, energy rose as expected in September
In September on an annual basis, National CPI ex-food, energy in Japan registered a rise of 0.90%, at par with market expectations. In the previous month, National CPI ex-food, energy had advanced 0.80%.
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