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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail price index unexpectedly eased in September
In the UK, the retail price index unexpectedly eased by 0.10%, on MoM basis, to a level of 259.60 in September, compared to a reading of 259.80 in the previous month. Market anticipation was for the retail price index to rise to a level of 260.00.
UK output producer price index dropped as expected in September
In September, the non-seasonally adjusted output producer price index registered a drop of 1.80% in the UK on a YoY basis, compared to a revised fall of 1.90% in the previous month. Markets were anticipating output producer price index to fall 1.80%.
UK retail price index ex-mort int. payments advanced less than expected in September
In the UK, the retail price index ex-mort int. payments climbed 0.90% on an annual basis in September, compared to an advance of 1.20% in the previous month. Markets were anticipating the retail price index ex-mort int. payments to climb 1.10%.
UK PPI core output advanced as expected in September
On a YoY basis, the non-seasonally adjusted PPI core output rose 0.20% in September, in the UK, at par with market expectations. In the prior month, PPI core output had registered a revised flat reading.
UK core consumer price index advanced less than expected in September
In the UK, the core consumer price index advanced 1.00% on an annual basis in September, lower than market expectations for a rise of 1.10%. In the previous month, the core consumer price index had registered a similar rise.
UK house price index rose more than expected in August
Office for National Statistics has indicated that, in August, the house price index in the UK advanced 5.20% on an annual basis, compared to a similar rise in the previous month. Market anticipation was for the house price index to advance 5.00%.
UK PPI core output surprisingly advanced in September
The non-seasonally adjusted PPI core output in the UK unexpectedly rose 0.10% on a MoM basis in September, compared to a revised drop of 0.10% in the previous month. Markets were expecting PPI core output to record a flat reading.
UK consumer price index unexpectedly dropped in September
In September, on a YoY basis, the consumer price index recorded an unexpected drop of 0.10% in the UK, compared to an unchanged reading in the prior month. Markets were expecting the consumer price index to record an unchanged reading.
UK input producer price index advanced more than expected in September
On a MoM basis, the non-seasonally adjusted input producer price index climbed 0.60% in September, in the UK, more than market expectations for a rise of 0.30%. Input producer price index had fallen by a revised 3.00% in the prior month.
UK output producer price index fell as expected in September
In September, the non-seasonally adjusted output producer price index in the UK eased 0.10% on a MoM basis, meeting market expectations. In the prior month, output producer price index had dropped by a revised 0.50%.
UK consumer price index unexpectedly eased in September
In September, on a MoM basis, the consumer price index recorded an unexpected drop of 0.10% in the UK, lower than market expectations for an unchanged reading. In the prior month, the consumer price index had climbed 0.20%.
UK retail price index advanced less than expected in September
In the UK, the retail price index recorded a rise of 0.80% on an annual basis in September, less than market expectations for an advance of 1.00%. In the previous month, the retail price index had risen 1.10%.
UK input producer price index dropped more than expected in September
In September, on an annual basis, the non-seasonally adjusted input producer price index in the UK slid 13.30%, higher than market expectations for a drop of 13.00%. Input producer price index had registered a revised drop of 14.60% in the previous month.
Euro-zone economic sentiment index registered a drop in October
The economic sentiment index recorded a drop to 30.10 in October, in the Eurozone, compared to a level of 33.30 in the prior month.
German consumer price index declined as expected in September
The final consumer price index fell 0.20% on a monthly basis in Germany, in September, compared to an unchanged reading in the previous month. Markets were anticipating the consumer price index to drop 0.20%. The preliminary figures had also indicated a fall of 0.20%.
German current situation index declined in October
The current situation index eased to 55.20 in October, in Germany, compared to market expectations of a fall to 64.00. The current situation index had registered a level of 67.50 in the prior month.
German economic sentiment index eased in October
The economic sentiment index eased to 1.90 in October, in Germany, lower than market expectations of a drop to a level of 6.50. The economic sentiment index had registered a reading of 12.10 in the previous month.
German HICP dropped as expected in September
On an annual basis in Germany, the final harmonised consumer price index registered a drop of 0.20% in September, compared to a rise of 0.10% in the previous month. Markets were anticipating the HICP to fall 0.20%. The preliminary figures had also indicated a fall of 0.20%.
German HICP declined as expected in September
In September, on a monthly basis, the final harmonised consumer price index in Germany eased 0.30%, at par with market expectations. The HICP had recorded a flat reading in the prior month. The preliminary figures had also recorded a drop of 0.30%.
German consumer price index remained steady in September
On an annual basis, the final consumer price index remained steady in September, in Germany, meeting market expectations. The consumer price index had recorded a rise of 0.20% in the previous month. The preliminary figures had also indicated a steady reading.
German wholesale price index recorded a drop in September
In Germany, the wholesale price index fell 0.60% in September on a MoM basis. In the prior month, the wholesale price index had recorded a drop of 0.80%.
German wholesale price index recorded a drop in September
In September, on a YoY basis, the wholesale price index in Germany dropped 1.80%. The wholesale price index had recorded a drop of 1.10% in the previous month.
Swiss producer and import price index declined as expected in September
On a monthly basis, the producer and import price index in Switzerland eased 0.10% in September, at par with market expectations. In the prior month, the producer and import price index had dropped 0.70%.
Swiss producer and import price index declined as expected in September
On a YoY basis, the producer and import price index eased 6.80% in September, in Switzerland, in line with market expectations. The producer and import price index had registered a similar fall in the prior month.
Fed’s Bullard calls for rate hike by the end of this year
In his speech, St. Louis Fed President James Bullard was more hawkish, calling for the Fed to begin raising rates before the end of the year. However, when asked about a hike at the October meeting, James Bullard said that it would be tough for the US Fed to change course after only one month of additional data. He stated that he still expects the US economy to grow above the 2% trend rate and inflation to move above the Fed’s 2% target by 2017. Bullard suggested concern about China’s economy might be exaggerated.
US Redbook index registered a rise in the last week
In the US, the Redbook index recorded a rise of 1.10% on an annual basis, in the week ended 09 October 2015. The Redbook index had recorded a rise of 0.70% in the prior week.
US small business optimism index rose unexpectedly in September
In the US, the small business optimism index advanced unexpectedly to a level of 96.10 in September, higher than market expectations of a drop to 95.50. In the previous month, the small business optimism index had recorded a level of 95.90.
US Redbook index recorded a drop in the last week
In the week ended 09 October 2015, on a MoM basis, the seasonally adjusted Redbook index in the US slid 0.20%. The Redbook index had registered a drop of 1.60% in the prior week.
Japanese domestic corporate goods price index fell as expected in September
The domestic corporate goods price index dropped 3.90% on a YoY basis in September, in Japan, meeting market expectations. In the prior month, the domestic corporate goods price index had registered a drop of 3.60%.
Japanese machine tool orders registered a drop in September
On a YoY basis, the preliminary machine tool orders registered a drop of 19.10% in September, in Japan. Machine tool orders had fallen 16.50% in the prior month.
Japanese M3 money supply rose less than expected in September
In September, M3 money supply climbed 3.10% in Japan on a YoY basis, compared to an advance of 3.40% in the previous month. Market expectation was for M3 money supply to rise 3.50%.
Japanese domestic corporate goods price index declined more than expected in September
The domestic corporate goods price index fell 0.50% on a monthly basis in September, in Japan, compared to a drop of 0.60% in the prior month. Markets were expecting the domestic corporate goods price index to drop 0.40%.
Japanese consumer confidence index eased in September
The consumer confidence index in Japan eased to 40.60 in September, compared to market expectations of a drop to a level of 41.50. The consumer confidence index had recorded a level of 41.70 in the previous month.
Japanese money supply M2+CD rose less than expected in September
Money supply M2+CD advanced 3.80% in Japan on an annual basis in September, lower than market expectations for a rise of 4.30%. In the previous month, money supply M2+CD had advanced 4.20%.
Chinese consumer price index rose less than expected in September
The consumer price index in China recorded a rise of 0.10% in September on a MoM basis, less than market expectations for a rise of 0.50%. The consumer price index had advanced 0.50% in the prior month.
Chinese producer price index fell as expected in September
The producer price index dropped 5.90% in China, on an annual basis in September, in line with market expectations. In the prior month, the producer price index had registered a similar fall.
Chinese consumer price index advanced less than expected in September
The consumer price index in China rose 1.60% on an annual basis in September, lower than market expectations for a rise of 1.80%. In the previous month, the consumer price index had risen 2.00%.
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