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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales advanced more than expected in September
In September, retail sales rose 1.90% in the UK on a MoM basis, compared to a revised fall of 0.40% in the previous month. Markets were anticipating retail sales to rise 0.40%.
UK retail sales rose more than expected in September
On a YoY basis, retail sales advanced 6.50% in September, in the UK, compared to a revised advance of 3.50% in the previous month. Markets were expecting retail sales to advance 4.80%.
ECB Chief signals more QE on pipeline
The ECB left its key interest rates unchanged at the October monetary policy meeting, while the ECB Chief Mario Draghi signalled that the central bank is ready to expand its massive bond buying programme. In a news conference, the ECB President stated that the policymakers would reassess the economy for any cues on whether they are providing enough stimulus measures, at its December policy meeting. He also highlighted the downside risks to both economic growth and inflation arising from slowing growth in China and other large developing economies, as well as weak commodity prices.
Euro-zone consumer confidence index eased in October
The preliminary consumer confidence index fell to a level of -7.70 in October, in the Euro-zone, higher than market expectations of a drop to -7.40. In the prior month, the consumer confidence index had registered a level of -7.10.
French industrial business climate index rose surprisingly in October
In October, the industrial business climate index advanced unexpectedly to a level of 101.00 in France, compared to market expectations of an unchanged reading. The industrial business climate index had recorded a reading of 100.00 in the prior month.
French own-company production outlook declined in October
Own-company production outlook dropped to 13.00 in October, in France. In the prior month, own-company production outlook had recorded a reading of 14.00.
French business survey overall demand recorded a rise in October
In October, business survey overall demand in France rose to a level of 5.00. Business survey overall demand had registered a revised level of 3.00 in the prior month.
French production outlook indicator declined in October
In October, the production outlook indicator in France eased to 2.00. In the previous month, the production outlook indicator had registered a revised level of 5.00.
Italian trade surplus widened in September
The (non-EU countries) trade surplus in Italy rose to €1.43 billion in September, following a revised trade surplus of €1.38 billion in the prior month.
Spanish unemployment rate (survey) declined in 3Q 2015
In 3Q 2015, unemployment rate (survey) in Spain eased to 21.18%, compared to a reading of 22.37% in the prior quarter. Markets were anticipating unemployment rate (survey) to drop to 21.89%.
US existing home sales climbed in September
In September, existing home sales in the US registered a rise of 4.70%, on monthly basis, to a level of 5.55 million, higher than market expectations of 5.39 million. In the prior month, existing home sales had recorded a revised reading of 5.30 million.
US Chicago Fed national activity index recorded a rise in September
In September, the Chicago Fed national activity index in the US registered a rise to -0.37, higher than market expectations of an advance to -0.20. In the previous month, the Chicago Fed national activity index had recorded a revised level of -0.39.
US housing price index advanced as expected in August
The housing price index in the US rose 0.50% in August on a monthly basis, meeting market expectations. In the previous month, the housing price index had registered a revised similar rise.
US Kansas City Fed manufacturing activity index advanced surprisingly in October
The Kansas City Fed manufacturing activity index climbed unexpectedly to -1.00 in October, in the US, compared to market expectations of a drop to a level of -9.00. The Kansas City Fed manufacturing activity index had registered a reading of -8.00 in the prior month.
US leading indicator registers an unexpected dropped in September
Leading indicator in the US unexpectedly eased 0.20% in September on a MoM basis, lower than market expectations for a steady reading. In the previous month, leading indicator had recorded a revised flat reading.
US continuing jobless claims advanced in the last week
The seasonally adjusted continuing jobless claims registered a rise to 2170.00 K in the week ended 10 October 2015, in the US, compared to a revised level of 2164.00 K in the previous week. Markets were anticipating continuing jobless claims to rise to a level of 2190.00 K.
US initial jobless claims advanced in the last week
The seasonally adjusted initial jobless claims rose to a level of 259.00 K in the week ended 17 October 2015, in the US, lower than market expectations of a rise to 265.00 K. Initial jobless claims had registered a revised reading of 256.00 K in the prior week.
Canadian retail sales (ex-autos) remained flat in August
In August, retail sales (ex-autos) in Canada remained flat on a monthly basis, less than market expectations for an advance of 0.20%. Retail sales (ex-autos) had risen by a revised 0.10% in the prior month.
Canadian retail sales rose more than expected in August
In August, on a monthly basis, retail sales in Canada registered a rise of 0.50%, compared to a revised rise of 0.60% in the prior month. Markets were anticipating retail sales to advance 0.10%.
Japanese manufacturing PMI climbed surprisingly in October
The flash manufacturing PMI recorded an unexpected rise to a level of 52.50 in Japan, in October, compared to a reading of 51.00 in the previous month. Market expectation was for manufacturing PMI to ease to 50.50.
Chinese leading economic index advanced in September
In September, on a monthly basis, the leading economic index in China recorded a rise of 1.60%. In the prior month, the leading economic index had climbed 1.00%.
Chinese house price index fell in September
In China, the house price index registered a drop of 0.90% on an annual basis, in September. In the previous month, the house price index had fallen 2.30%.
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