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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK industrial production remained steady in October
In October, industrial production remained unchanged in the UK on a monthly basis, at par with market expectations. Industrial production had recorded a rise of 0.70% in the previous month.
UK construction output unexpectedly eased in October
On an annual basis, construction output unexpectedly dropped 0.20% in October, in the UK, compared to market expectations for a rise of 1.80%. Construction output had recorded a rise of 1.10% in the previous month.
UK total trade deficit rose in October
Total trade deficit in the UK rose to £1.41 billion in October, from a revised total trade deficit of £1.14 billion in the previous month. Market anticipation was for the nation to post a total trade deficit of £3.00 billion.
UK construction output unexpectedly dropped in October
Construction output in the UK unexpectedly dropped 1.70% in October on a MoM basis, compared to market expectations for a rise of 0.10%. Construction output had registered a drop of 1.60% in the previous month.
UK trade deficit dropped in October
Non-EU trade deficit in the UK narrowed to £2.38 billion in October, from a revised trade deficit of £2.99 billion in the prior month. Market expectation was for the nation’s trade deficit to rise to £3.30 billion.
UK Rightmove house price index declined in December
On a MoM basis, the Rightmove house price index in the UK dropped 2.60% in December. The Rightmove house price index had registered a drop of 0.80% in the previous month.
UK visible trade deficit widened in October
Visible trade deficit in the UK expanded to £10.78 billion in October, from a revised visible trade deficit of £10.45 billion in the prior month. Market expectation was for the nation’s visible trade deficit to widen to £11.50 billion.
UK industrial production advanced more than expected in October
In October, industrial production advanced 3.60% on a YoY basis in the UK, compared to an advance of 2.50% in the prior month. Markets were anticipating industrial production to rise 3.50%.
UK manufacturing production surprisingly advanced in October
Manufacturing production recorded an unexpected rise of 0.10% in October, on a monthly basis, compared to market expectations for a steady reading. In the previous month, manufacturing production had recorded a rise of 0.70%.
UK manufacturing production rose more than expected in October
Manufacturing production recorded a rise of 3.90% in the UK on an annual basis in October, higher than market expectations for a rise of 3.80%. Manufacturing production had risen 2.70% in the prior month.
UK NIESR estimated GDP advanced more than expected in the September-November 2017 period
In the September-November 2017 period, NIESR estimated gross domestic product (GDP) registered a rise of 0.50% on a monthly basis in the UK, more than market expectations for an advance of 0.40%. In the August-October 2017 period, NIESR estimated GDP had registered a similar rise.
UK Rightmove house price index climbed in December
On an annual basis, the Rightmove house price index advanced 1.20% in the UK, in December. In the previous month, the Rightmove house price index had risen 1.80%.
German trade surplus dropped in October
The seasonally adjusted trade surplus in Germany fell to €18.90 billion in October, from a trade surplus of €24.10 billion in the prior month. Markets were anticipating the country’s trade surplus to narrow to €21.90 billion.
German exports unexpectedly dropped in October
The seasonally adjusted exports unexpectedly fell 0.40% on a MoM basis in October, in Germany, compared to market expectations for an advance of 1.00%. In the prior month, exports had registered a similar fall.
German imports rose more than expected in October
In October, the seasonally adjusted imports in Germany advanced 1.80% on a monthly basis, more than market expectations for an advance of 1.00%. In the previous month, imports had dropped 1.00%.
German labour costs rose in 3Q 2017
The seasonally adjusted labour costs in Germany advanced 0.70% in 3Q 2017 on a quarterly basis. In the previous quarter, labour costs had climbed by a revised 0.10%.
German labour costs advanced in 3Q 2017
In Germany, the working day adjusted labour costs rose 2.20% in 3Q 2017 on a YoY basis. In the prior quarter, labour costs had climbed 2.30%.
German current account surplus fell in October
In October, the non-seasonally adjusted current account surplus in Germany narrowed to €18.10 billion, less than market expectations of a current account surplus of €20.00 billion. Germany had reported a revised current account surplus of €25.80 billion in the prior month.
French budget deficit widened in October
Budget deficit in France widened to €77.10 billion in October, following a budget deficit of €76.30 billion in the prior month.
French industrial production surprisingly climbed in October
In October, industrial production in France recorded an unexpected rise of 1.90% on a MoM basis, compared to a revised advance of 0.80% in the previous month. Markets were expecting industrial production to ease 0.10%.
French manufacturing production rose in October
Manufacturing production in France recorded a rise of 2.70% on a monthly basis, in October. Manufacturing production had recorded a revised rise of 0.60% in the previous month.
Non-farm payrolls in the US rose in November
In the US, non-farm payrolls registered a rise of 228.00 K in November, following a revised advance of 244.00 K in the prior month. Market anticipation was for non-farm payrolls to advance 195.00 K.
US average weekly hours of all employees unexpectedly rose in November
Average weekly hours of all employees recorded an unexpected rise to a level of 34.50 in November, in the US, compared to a level of 34.40 in the previous month. Markets were anticipating average weekly hours for all employees to remain unchanged.
Household employment in the US rose in November
Household employment in the US climbed by 57.00 K in November, following a loss of 484.00 K in the previous month.
Manufacturing payrolls in the US climbed in November
Manufacturing payrolls registered a rise of 31.00 K in the US, in November, higher than market anticipations of an advance of 15.00 K. Manufacturing payrolls had recorded a revised increase of 23.00 K in the previous month.
US average hourly earnings of all employees advanced less than expected in November
On a MoM basis in the US, average hourly earnings of all employees recorded a rise of 0.20% in November, less than market expectations for a rise of 0.30%. In the prior month, average hourly earnings of all employees had recorded a revised drop of 0.10%.
US wholesale inventories declined more than expected in October
In the US, the seasonally adjusted final wholesale inventories fell 0.50% in October on a monthly basis, higher than market expectations for a drop of 0.40%. The preliminary figures had indicated a drop of 0.40%. In the previous month, the wholesale inventories had risen by a revised 0.10%.
US unemployment rate remained steady in November
In the US, unemployment rate remained unchanged at 4.10% in November, at par with market expectations.
US labour force participation rate steadied in November
The labour force participation rate in the US remained unchanged at 62.70 % in November.
US underemployment rate rose in November
In November, underemployment rate in the US rose to a level of 8.00%, compared to a reading of 7.90% in the prior month.
US Reuters/Michigan consumer sentiment index unexpectedly dropped in December
In December, the flash Reuters/Michigan consumer sentiment index recorded an unexpected drop to 96.80 in the US, compared to a level of 98.50 in the previous month. Market anticipation was for the Reuters/Michigan consumer sentiment index to climb to 99.00.
Private payrolls in the US increased in November
In the US, private payrolls recorded an increase of 221.00 K in November, compared to a revised gain of 247.00 K in the prior month. Markets were anticipating private payrolls to advance 195.00 K.
US average hourly earnings of all employees rose less than expected in November
Average hourly earnings of all employees in the US advanced 2.50% on an annual basis in November, less than market expectations for an advance of 2.70%. In the prior month, average hourly earnings of all employees had climbed by a revised 2.30%.
Canadian housing starts surprisingly rose in November
In November, the seasonally adjusted housing starts in Canada climbed unexpectedly to a level of 252.20 K, compared to a revised level of 222.70 K in the prior month. Market anticipation was for housing starts to ease to a level of 213.00 K.
Canadian capacity utilisation climbed in 3Q 2017
Capacity utilisation climbed to 85.00% in 3Q 2017, in Canada. Capacity utilisation had registered a revised level of 84.30% in the previous quarter.
Japanese money supply M2+CD advanced less than expected in November
Money supply M2+CD in Japan advanced 4.00% in November on an annual basis, compared to a rise of 4.10% in the previous month. Markets were anticipating money supply M2+CD to climb 4.10%.
Japanese corporate bankruptcies dropped in November
In Japan, corporate bankruptcies registered a drop of 2.30% on a YoY basis, in November. In the prior month, corporate bankruptcies had advanced 7.32%.
Japanese Eco Watchers Survey for future outlook declined in November
In November, Eco Watchers Survey for the future outlook dropped to 53.80 in Japan, compared to market expectations of a drop to 54.00. In the previous month, Eco Watchers Survey for the future outlook had registered a reading of 54.90.
Japanese Eco Watchers Survey for current situation unexpectedly rose in November
Eco Watchers Survey for the current situation registered an unexpected rise to a level of 55.10 in Japan, in November, compared to market expectations of a drop to 52.10. Eco Watchers Survey for the current situation had recorded a level of 52.20 in the prior month.
Japanese M3 money supply advanced less than expected in November
M3 money supply in Japan climbed 3.40% on an annual basis in November, lower than market expectations for a rise of 3.50%. In the previous month, M3 money supply had registered a revised similar rise.
Japanese business survey index (BSI) of large manufacturing industries advanced less than expected in 4Q 2017
In 4Q 2017, business survey index (BSI) of large manufacturing industries recorded a rise of 9.70% in Japan, on a QoQ basis, less than market expectations for a rise of 10.00%. Business survey index (BSI) of large manufacturing industries had risen 9.40% in the prior quarter.
Chinese PPI advanced as expected in November
On a YoY basis, the producer price index (PPI) in China recorded a rise of 5.80% in November, meeting market expectations. The PPI had recorded a rise of 6.90% in the previous month.
Chinese CPI rose as expected in November
In November, the consumer price index (CPI) recorded a rise of 1.80% on a YoY basis in China, compared to an advance of 1.90% in the prior month. Market expectation was for the CPI to advance 1.80%.
Chinese CPI remained steady in November
In November, on a monthly basis, the CPI remained steady in China. In the previous month, the CPI had recorded a rise of 0.10%.
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