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Guardian Stockbrokers Key Economic News Monday 2 Nov 2015
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK business barometer advanced in October
The business barometer in the UK registered a rise to 50.00 in October. In the prior month, the business barometer had registered a reading of 42.00.
Euro-zone unemployment rate slid surprisingly in September
Eurostat has indicated that compared to a revised level of 10.90% in the prior month the unemployment rate in the Euro-zone registered an unexpected drop to a level of 10.80% in September. Market anticipation was for the unemployment rate to climb to 11.00%.
German retail sales rose less than expected in September
Retail sales in Germany rose 3.40% in September on an annual basis, lower than market expectations for a rise of 4.10%. In the previous month, retail sales had risen by a revised 2.10%.
German retail sales remained flat in September
In September, on a monthly basis, retail sales remained steady in Germany, less than market expectations for a rise of 0.40%. Retail sales had dropped by a revised 0.70% in the previous month.
French consumer spending remained flat in September
Consumer spending remained steady on a MoM basis in September, in France, compared to a revised advance of 0.10% in the previous month. Markets were expecting consumer spending to advance 0.30%.
French producer price index registered a rise in September
The producer price index advanced 0.10% on a monthly basis, in September, in France. The producer price index had fallen by a revised 1.00% in the previous month.
Italian unemployment rate registered a surprise drop in September
Unemployment rate registered an unexpected drop to a level of 11.80% in September, in Italy, lower than market expectations of a steady reading. Unemployment rate had recorded a level of 11.90% in the previous month.
Italian consumer price index rose more than expected in October
In October, the preliminary consumer price index in Italy advanced 0.20% on a monthly basis, more than market expectations for an advance of 0.10%. The consumer price index had fallen 0.40% in the previous month.
Italian EU normalised consumer price index advanced more than expected in October
On a MoM basis, the preliminary EU normalised consumer price index recorded a rise of 0.50% in October, in Italy, compared to a rise of 1.60% in the prior month. Markets were anticipating the EU normalised consumer price index to advance 0.30%.
Italian producer price index slid in September
The producer price index registered a drop of 0.20% on a monthly basis in Italy, in September. In the prior month, the producer price index had recorded a drop of 0.70%.
Italian producer price index fell in September
In September, on a YoY basis, the producer price index in Italy recorded a drop of 3.80%. The producer price index had registered a revised drop of 3.50% in the previous month.
Spanish GDP advanced as expected in 3Q 2015
In 3Q 2015, the flash gross domestic product (GDP) recorded a rise of 3.40% on an annual basis in Spain, compared to a rise of 3.10% in the prior quarter. Markets were anticipating GDP to advance 3.40%.
Spanish GDP advanced as expected in 3Q 2015
On a QoQ basis in 3Q 2015, the flash GDP recorded a rise of 0.80% in Spain, at par with market expectations. In the previous quarter, GDP had climbed 1.00%.
Spanish current account surplus dropped in August
Current account surplus in Spain narrowed to €1.70 billion in August. Spain had reported a current account surplus of €3.00 billion in the previous month.
Swiss KOF economic barometer recorded a drop in October
In October, the KOF economic barometer dropped to 99.80 in Switzerland, compared to market expectations of a drop to a level of 100.10. The KOF economic barometer had recorded a revised reading of 100.30 in the prior month.
US core personal consumption expenditure rose less than expected in September
On a monthly basis, core personal consumption expenditure rose 0.10% in the US, in September, compared to a similar rise in the prior month. Market expectation was for core personal consumption expenditure to climb 0.20%.
US personal income rose less than expected in September
In September, personal income recorded a rise of 0.10% on a monthly basis in the US, lower than market expectations for an advance of 0.20%. In the previous month, personal income had advanced by a revised 0.40%.
US personal consumption expenditure deflator advanced as expected in September
In September, personal consumption expenditure deflator in the US registered a rise of 0.20% on an annual basis, compared to a rise of 0.30% in the prior month. Markets were anticipating personal consumption expenditure deflator to climb 0.20%.
US NAPM-Milwaukee manufacturing index climbed in October
Compared to a reading of 39.44 in the previous month the NAPM-Milwaukee manufacturing index in the US rose to a level of 46.66 in October. Markets were anticipating the NAPM-Milwaukee manufacturing index to climb to a level of 44.00.
US personal consumption expenditure deflator declined as expected in September
In September, on a monthly basis, personal consumption expenditure deflator slid 0.10% in the US, meeting market expectations. Personal consumption expenditure deflator had registered an unchanged reading in the previous month.
US Reuters/Michigan consumer sentiment index recorded a rise in October
In October, the final Reuters/Michigan consumer sentiment index in the US climbed to 90.00, compared to market expectations of a rise to 92.50. The Reuters/Michigan consumer sentiment index had registered a level of 87.20 in the prior month. The preliminary figures had recorded an advance to 92.10.
US core personal consumption expenditure rose less than expected in September
Core personal consumption expenditure in the US registered a rise of 1.30% on a YoY basis in September, less than market expectations for a rise of 1.40%. In the previous month, core personal consumption expenditure had registered a similar rise.
US personal spending rose less than expected in September
Personal spending climbed 0.10% on a MoM basis in September, in the US, compared to a rise of 0.40% in the previous month. Markets were expecting personal spending to climb 0.20%.
US Chicago Fed purchasing managers’ index registered a rise in October
The Chicago Fed purchasing managers’ index climbed to 56.20 in October, in the US, compared to market expectations of a rise to 49.40. In the previous month, the Chicago Fed purchasing managers index had recorded a reading of 48.70.
Japanese manufacturing PMI advanced in October
The final manufacturing PMI climbed to 52.40 in October, in Japan. Manufacturing PMI had registered a reading of 51.00 in the previous month. The preliminary figures had recorded an advance to 52.50.
Japanese housing starts advanced less than expected in September
In September, on an annual basis, housing starts rose 2.60% in Japan, compared to an advance of 8.80% in the prior month. Market anticipation was for housing starts to rise 5.80%.
Japanese construction orders registered a rise in September
On an annual basis, construction orders in Japan rose 6.70% in September. Construction orders had registered a drop of 15.60% in the previous month.
Japanese annualised housing starts dropped surprisingly in September
The annualised housing starts recorded an unexpected drop to a level of 0.90 million units in September, in Japan, lower than market expectations of a rise to a level of 0.94 million units. In the previous month, the annualised housing starts had recorded a reading of 0.93 million units.
Chinese Caixin/Markit manufacturing PMI index recorded a rise in October
In China, the final Caixin/Markit manufacturing PMI index climbed to 48.30 in October, compared to a reading of 47.20 in the previous month. Market anticipation was for Caixin/Markit manufacturing PMI index to advance to a level of 47.60. The preliminary figures had indicated a drop to 47.00.
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