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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone construction output registered a drop in August
The seasonally adjusted construction output in the Euro-zone fell 0.20% on a monthly basis, in August. Construction output had recorded a revised rise of 0.40% in the prior month.
US housing market index registered a rise in October
In October, the housing market index in the US recorded a rise to 64.00, higher than market expectations of an advance to a level of 62.00. The housing market index had registered a revised level of 61.00 in the prior month.
Chinese GDP advanced more than expected in 3Q 2015
In China, GDP registered a rise of 6.90% on an annual basis in 3Q 2015, more than market expectations for a rise of 6.80%. In the prior quarter, GDP had recorded a rise of 7.00%.
Chinese retail sales advanced more than expected in September
In September, on a YoY basis, retail sales in China registered a rise of 10.90%, compared to a rise of 10.80% in the prior month. Markets were anticipating retail sales to rise 10.80%.
Chinese retail sales (YTD) rose as expected in September
In China, retail sales (YTD) recorded a rise of 10.50% in September on a YoY basis, meeting market expectations. Retail sales (YTD) had registered a similar rise in the prior month.
Chinese industrial production (YTD) rose less than expected in September
Industrial production (YTD) advanced 6.20% on a YoY basis in China, in September, less than market expectations for a rise of 6.30%. Industrial production (YTD) had climbed 6.30% in the prior month.
Chinese fixed assets investment excl. rural YTD advanced less than expected in September
In September, on a YoY basis, fixed assets investment excl. rural YTD in China rose 10.30%, compared to an advance of 10.90% in the previous month. Market expectation was for fixed assets investment excl. rural YTD to climb 10.80%.
Chinese GDP advanced as expected in 3Q 2015
In China, GDP registered a rise of 1.80% on a QoQ basis in 3Q 2015, meeting market expectations. In the prior quarter, GDP had registered a revised similar rise.
Chinese industrial production advanced less than expected in September
In September, industrial production in China rose 5.70% on an annual basis, compared to an advance of 6.10% in the prior month. Markets were expecting industrial production to climb 6.00%.
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