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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK balance of firms reporting total order book above normal eased in October
The balance of firms reporting total order book above normal in the UK registered a drop to -18.00 in October, compared to market expectations of a drop to -9.00. In the prior month, the balance of firms reporting total order book above normal had registered a level of -7.00.
UK CBI trends selling prices registered a rise in October
CBI trends selling prices climbed to -7.00 in October, in the UK, in line with market expectations. In the previous month, CBI trends selling prices had recorded a level of -8.00.
UK BBA mortgage approvals dropped surprisingly in September
In September, BBA mortgage approvals in the UK dropped unexpectedly to 44.48 K, compared to market expectations of an advance to 47.40 K. In the prior month, BBA mortgage approvals had registered a revised reading of 46.56 K.
UK CBI Business Optimism rose in 4Q 2015
Confederation of British Industry, in its business optimism survey, has indicated that pessimism among London businesses for the next six months has risen, with a net 12.00% of firms showing pessimism about their business prospects in 4Q 2015, as compared to a net 8.00% of firms that showed optimism in the previous quarter. Markets were expecting a net 2.00% of firms to show optimism about their future business prospects.
German Ifo business climate index recorded a drop in October
In October, the Ifo business climate index eased to 108.20 in Germany, compared to a level of 108.50 in the previous month. Markets were anticipating the Ifo business climate index to drop to a level of 107.80.
German Ifo current assessment index registered a decline in October
The Ifo current assessment index eased to 112.60 in October, in Germany, compared to market expectations of a drop to 113.50. In the prior month, the Ifo current assessment index had registered a reading of 114.00.
German Ifo business expectations index registered an unexpected rise in October
The Ifo business expectations index climbed unexpectedly to 103.80 in October, in Germany, compared to market expectations of a fall to 102.30. The Ifo business expectations index had recorded a reading of 103.30 in the previous month.
Spanish producer price index dropped in September
In Spain, the producer price index slid 0.90% on a MoM basis, in September. In the prior month, the producer price index had dropped 1.70%.
Spanish producer price index slid in September
In September, on an annual basis, the producer price index dropped 3.60% in Spain. In the previous month, the producer price index had dropped 2.20%.
US Dallas Fed manufacturing business index dropped unexpectedly in October
The Dallas Fed manufacturing business index dropped unexpectedly to a level of -12.70 in October, in the US, compared to market expectations of an advance to a level of -6.50. In the prior month, the Dallas Fed manufacturing business index had registered a level of -9.50.
US new home sales surprisingly fell in September
In the US, new home sales recorded an unexpected drop of 11.50%, on MoM basis, to a level of 468.00 K in September, lower than market expectations of 550.00 K. In the prior month, new home sales had registered a revised level of 529.00 K.
Japanese corporate service price index rose as expected in September
The corporate service price index climbed 0.60% on a YoY basis in September, in Japan, meeting market expectations. The corporate service price index had climbed by a revised 0.80% in the prior month.
Chinese industrial profits (YTD) dropped in September
Industrial profits (YTD) in China registered a drop of 1.70% on an annual basis, in September. In the previous month, industrial profits (YTD) had dropped 1.90%.
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