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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK trade deficit dropped in August
Non-EU trade deficit in the UK narrowed to £3.76 billion in August, compared to a revised trade deficit of £4.78 billion in the previous month. Market anticipation was for the nation to register a trade deficit of £3.00 billion.
UK visible trade deficit fell in August
In August, visible trade deficit in the UK dropped to £11.15 billion, following a revised visible trade deficit of £12.20 billion in the prior month. Markets were expecting the nation to register a visible trade deficit of £9.93 billion.
UK total trade deficit declined in August
The UK has reported total trade deficit of £3.27 billion in August, from a revised total trade deficit of £4.44 billion in the previous month. Market anticipation was for a total trade deficit of £2.15 billion.
UK construction output surprisingly eased in August
Construction output unexpectedly fell 1.30% on an annual basis in August, in the UK, compared to a revised advance of 2.00% in the prior month. Market anticipation was for construction output to advance 1.40%.
French budget deficit widened in August
Budget deficit in France widened to €89.70 billion in August, compared to a budget deficit of €79.80 billion in the previous month.
French industrial production advanced more than expected in August
In August, on a monthly basis, industrial production climbed 1.60% in France, more than market expectations for an advance of 0.60%. In the prior month, industrial production had recorded a revised drop of 1.10%.
French manufacturing production rose more than expected in August
In August on a monthly basis, manufacturing production in France recorded a rise of 2.20%, higher than market expectations for a rise of 1.00%. In the prior month, manufacturing production had dropped by a revised 1.30%.
Italian industrial production advanced less than expected in August
In August, on an annual basis, the working day adjusted industrial production in Italy recorded a rise of 1.00%, compared to a revised rise of 2.80% in the previous month. Market anticipation was for industrial production to advance 1.40%.
Italian industrial production advanced in August
The non-seasonally adjusted industrial production registered a rise of 4.10% in Italy on a YoY basis, in August. Industrial production had advanced by a revised 2.80% in the prior month.
Italian industrial production fell more than expected in August
On a monthly basis, the seasonally adjusted industrial production in Italy fell 0.50% in August, more than market expectations for a drop of 0.30%. In the previous month, industrial production had registered a rise of 1.10%.
US import price index dropped less than expected in September
In the US, the import price index eased 10.70% in September on a YoY basis, lower than market expectations for a fall of 11.20%. In the previous month, the import price index had fallen by a revised 11.30%.
US export price index dropped more than expected in September
In September, on a MoM basis, the export price index dropped 0.70% in the US, compared to a drop of 1.40% in the prior month. Market expectation was for the export price index to fall 0.20%.
US wholesale inventories surprisingly rose in August
In August, on a monthly basis, the seasonally adjusted wholesale inventories in the US unexpectedly rose 0.10%, more than market expectations for a steady reading. In the previous month, the wholesale inventories had fallen by a revised 0.30%.
US export price index eased in September
In September, on a YoY basis, the export price index dropped 7.40% in the US. The export price index had registered a drop of 7.00% in the previous month.
US import price index fell less than expected in September
The import price index eased 0.10% on a monthly basis in the US, in September, compared to a revised fall of 1.60% in the previous month. Market expectation was for the import price index to drop 0.50%.
Canadian unemployment rate unexpectedly climbed in September
The unemployment rate rose unexpectedly to 7.10% in September, in Canada, compared to market expectations of an unchanged reading. In the previous month, the unemployment rate had registered a level of 7.00%.
Net number of people employed in Canada recorded an increase in September
The net number of people employed in Canada advanced by 12.10 K in September, following a gain of 12.00 K in the previous month. Markets were anticipating the net number of people employed to advance 10.00 K.
Canadian firms expecting sales to grow at a faster pace over the next 12 months recorded a rise in 3Q 2015, reports Bank of Canada
The balance of opinion on future sales widened to 16.00% from 8.00% in the prior quarter. Market expectation was for the balance of opinion on future sales to fall to 4.00%.
Part time employment in Canada rose in September
In Canada, part time employment climbed by 74.00 K in September, compared to a decline of 42.40 K in the previous month.
Canada’s overall business lending conditions tightened in 3Q 2015
Overall business lending conditions in Canada tightened during the 3Q 2015, with the reading coming in at 4.40 from a reading of 1.40 in the prior quarter.
Number of full time employment in Canada fell in September
The number of full time employment in Canada recorded a drop of 61.90 K in September. The number of full time employment had recorded an increase of 54.40 K in the prior month.
Canadian participation rate remained steady in September
In Canada, the participation rate remained unchanged at a level of 65.90% in September, compared to market expectations of a drop to a level of 65.80%.
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