The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone services PMI registered an unexpected rise in October
In October, the preliminary services PMI in the Euro-zone rose unexpectedly to 54.20, higher than market expectations of a drop to 53.50. Services PMI had recorded a reading of 53.70 in the previous month.
Euro-zone manufacturing PMI remained steady in October
The preliminary manufacturing PMI remained flat at a level of 52.00 in the Euro-zone, in October, compared to market expectations of a fall to a level of 51.70.
Euro-zone composite PMI registered an unexpected rise in October
The preliminary composite PMI advanced unexpectedly to a level of 54.00 in the Euro-zone, in October, compared to a reading of 53.60 in the prior month. Markets were anticipating composite PMI to ease to 53.40.
German manufacturing PMI declined in October
In Germany, the flash manufacturing PMI recorded a drop to 51.60 in October, compared to market expectations of a drop to 51.70. In the previous month, manufacturing PMI had registered a level of 52.30.
German services PMI recorded an unexpected rise in October
The flash services PMI climbed unexpectedly to 55.20 in Germany, in October, higher than market expectations of a fall to a level of 53.90. In the prior month, services PMI had registered a level of 54.10.
French services PMI climbed unexpectedly in October
The flash services PMI rose unexpectedly to 52.30 in October, in France, compared to a reading of 51.90 in the prior month. Markets were expecting services PMI to ease to a level of 51.70.
French manufacturing PMI advanced surprisingly in October
In October, the flash manufacturing PMI climbed unexpectedly to a level of 50.70 in France, compared to market expectations of a fall to a level of 50.20. Manufacturing PMI had recorded a level of 50.60 in the previous month.
Italian annual wage inflation steadied in September
In September, the annual wage inflation remained flat at a level of 1.20% in Italy.
Italian industrial sales registered a drop in August
On a MoM basis, the seasonally adjusted industrial sales registered a drop of 1.60% in August, in Italy. Industrial sales had fallen 1.10% in the prior month.
Italian industrial orders declined in August
The seasonally adjusted industrial orders in Italy registered a drop of 5.50% in August on a MoM basis. Industrial orders had recorded a revised rise of 0.40% in the previous month.
Italian industrial orders advanced in August
In August, on an annual basis, the non-seasonally adjusted industrial orders recorded a rise of 2.10% in Italy. In the prior month, industrial orders had climbed 10.40%.
Italian industrial sales declined in August
The non-seasonally adjusted industrial sales in Italy recorded a drop of 2.40% on an annual basis, in August. In the prior month, industrial sales had advanced 2.30%.
Italian wage inflation remained flat in September
In September, the wage inflation in Italy remained unchanged at 0.00%.
Italian retail sales climbed in August
The seasonally adjusted retail sales advanced 0.30% on a monthly basis in Italy, in August. In the previous month, retail sales had registered a revised similar rise.
Italian retail sales rose in August
In August, on a YoY basis, the non-seasonally adjusted retail sales recorded a rise of 1.30% in Italy. In the previous month, retail sales had advanced by a revised 1.60%.
US Markit manufacturing PMI surprisingly advanced in October
The preliminary Markit manufacturing PMI recorded an unexpected rise to a level of 54.00 in the US, in October, higher than market expectations of a drop to a level of 52.70. The Markit manufacturing PMI had registered a reading of 53.10 in the previous month.
Canadian core consumer price index advanced less than expected in September
On a monthly basis in September, the core consumer price index advanced 0.20% in Canada, compared to a similar rise in the previous month. Market expectation was for the core consumer price index to rise 0.30%.
Canadian consumer price index unexpectedly dropped in September
In September, the consumer price index unexpectedly eased by, on MoM basis, to a level of 127.10 in Canada, compared to market expectations of 127.30. In the prior month, the consumer price index had registered a reading of 127.30.
Canadian consumer price index fell more than expected in September
On a monthly basis, the consumer price index dropped 0.20% in September, in Canada, more than market expectations for a fall of 0.10%. The consumer price index had recorded an unchanged reading in the prior month.
Canadian consumer price index declined as expected in September
In September, the seasonally adjusted consumer price index fell 0.20% in Canada on a MoM basis, meeting market expectations. Consumer price index had registered a flat reading in the previous month.
Canadian core consumer price index advanced in September
On a monthly basis, the seasonally adjusted core consumer price index rose 0.10% in Canada, in September. Core consumer price index had advanced by a revised 0.20% in the previous month.
Japanese coincident index dropped in August
In Japan, the final coincident index eased to 112.20 in August. In the previous month, the coincident index had recorded a reading of 113.10. The preliminary figures had indicated a fall to 112.50.
Japanese leading economic index registered a drop in August
In Japan, the final leading economic index eased to 103.50 in August, compared to a level of 105.00 in the prior month. The preliminary figures had also recorded a drop to 103.50.
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