The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI declined in November
The manufacturing PMI dropped to 52.70 in the UK, in November, compared to a revised level of 55.20 in the previous month. Market expectation was for the manufacturing PMI to drop to a level of 53.60.
UK BRC shop price index dropped in November
The BRC shop price index recorded a drop of 2.10% on an annual basis, in November, in the UK. The BRC shop price index had registered a drop of 1.80% in the previous month.
Eurozone manufacturing PMI advanced in November
In November, the final manufacturing PMI in the Eurozone climbed to 52.80, in line with market expectations. The preliminary figures had also recorded a rise to 52.80. In the previous month, the manufacturing PMI had recorded a reading of 52.30.
Eurozone unemployment rate dropped surprisingly in October
In October, the unemployment rate registered an unexpected drop to a level of 10.70% in the Eurozone, compared to a reading of 10.80% in the previous month. Markets were anticipating the unemployment rate to record a flat reading.
German number of people unemployed dropped more than expected in November
In November, the number of people unemployed fell 13.00 K in Germany, higher than market expectations for a drop of 5.00 K. The number of people unemployed had dropped by a revised 6.00 K in the previous month.
German manufacturing PMI recorded a rise in November
The final manufacturing PMI in Germany rose to a level of 52.90 in November, higher than market expectations of a rise to a level of 52.60. The preliminary figures had indicated an advance to 52.60. In the previous month, manufacturing PMI had recorded a level of 52.10.
German unemployment rate dropped surprisingly in November
In November, the seasonally adjusted unemployment rate in Germany recorded an unexpected drop to a level of 6.30%, compared to market expectations of a steady reading. Unemployment rate had registered a reading of 6.40% in the prior month.
French manufacturing PMI remained flat in November
The final manufacturing PMI remained unchanged at 50.60 in France, in November, compared to market expectations of an advance to a level of 50.80. The preliminary figures had indicated a rise to 50.80.
Italian manufacturing PMI advanced in November
In November, the manufacturing PMI recorded a rise to 54.90 in Italy, compared to a reading of 54.10 in the previous month. Market anticipation was for the manufacturing PMI to rise to a level of 54.20.
Italian GDP advanced as expected in 3Q 2015
The final gross domestic product (GDP) rose 0.20% in Italy on a QoQ basis in 3Q 2015, at par with market expectations. In the prior quarter, the GDP had risen 0.30%. The preliminary figures had also indicated a rise of 0.20%.
Italian unemployment rate recorded an unexpected drop in October
Compared to a revised level of 11.60% in the previous month unemployment rate dropped unexpectedly to a level of 11.50% in October, in Italy. Market anticipation was for unemployment rate to advance to a level of 11.70%.
Spanish manufacturing PMI climbed in November
The manufacturing PMI registered a rise to 53.10 in Spain, in November, compared to a level of 51.30 in the prior month. Markets were expecting the manufacturing PMI to climb to 51.70.
Swiss real retail sales eased in October
On a YoY basis, real retail sales registered a drop of 0.80% in Switzerland, in October. Real retail sales had dropped by a revised 1.20% in the prior month.
Swiss GDP remained unchanged in 3Q 2015
In Switzerland, the seasonally adjusted gross domestic product (GDP) remained steady in 3Q 2015 on a quarterly basis, lower than market expectations for an advance of 0.20%. GDP had advanced 0.20% in the previous quarter.
Swiss GDP rose as expected in 3Q 2015
In 3Q 2015, gross domestic product (GDP) rose 0.80% on a YoY basis in Switzerland, in line with market expectations. In the prior quarter, GDP had recorded a revised rise of 0.90%.
Swiss SVME manufacturing PMI registered a surprise drop in November
In November, the SVME manufacturing PMI in Switzerland eased unexpectedly to a level of 49.70, compared to market expectations of a rise to 50.80. In the prior month, the SVME manufacturing PMI had registered a level of 50.70.
US Redbook index registered a rise in the last week
The Redbook Research has reported that, on a YoY basis, the Redbook index rose 3.90% in the US, in the week ended 27 November 2015. The Redbook index had advanced 1.50% in the previous week.
US ISM prices paid index recorded an unexpected drop in November
In November, the ISM prices paid index in the US eased unexpectedly to a level of 35.50, compared to a reading of 39.00 in the prior month. Markets were expecting the ISM prices paid index to rise to 40.00.
US Markit manufacturing PMI dropped in November
The final Markit manufacturing PMI recorded a drop to 52.80 in the US, in November, compared to market expectations of a drop to 52.60. The preliminary figures had indicated a drop to 52.60. In the prior month, the Markit manufacturing PMI had recorded a level of 54.10.
US ISM manufacturing activity index eased unexpectedly in November
In November, the ISM manufacturing activity index in the US fell unexpectedly to 48.60, lower than market expectations of a rise to 50.50. The ISM manufacturing activity index had registered a reading of 50.10 in the prior month.
US ISM production declined in November
In the US, ISM production registered a drop to 49.20 in November. In the previous month, ISM production had recorded a level of 52.90.
US Redbook index registered a rise in the last week
The seasonally adjusted Redbook index in the US climbed 1.60% in the week ended 27 November 2015 on a MoM basis. The Redbook index had risen 0.90% in the prior week.
US construction spending rose more than expected in October
On a MoM basis, construction spending climbed 1.00% in the US, in October, higher than market expectations for a rise of 0.60%. Construction spending had climbed 0.60% in the previous month.
US ISM inventories slid in November
ISM inventories fell to a level of 43.00 in the US, in November, compared to a reading of 46.50 in the prior month.
US ISM backlog orders advanced in November
ISM backlog orders registered a rise to 43.00 in the US, in November. ISM backlog orders had registered a level of 42.50 in the previous month.
US ISM new orders dropped in November
ISM new orders dropped to 48.90 in November, in the US. ISM new orders had recorded a reading of 52.90 in the previous month.
Canadian annualised GDP advanced as expected in 3Q 2015
Annualised gross domestic product (GDP) in Canada registered a rise of 2.30% on a quarterly basis in 3Q 2015, at par with market expectations. Annualised GDP had dropped by a revised 0.30% in the previous quarter.
Japanese vehicle sales climbed in November
Vehicle sales in Japan rose 0.30% on a YoY basis, in November. Vehicle sales had risen 0.20% in the previous month.
Japanese monetary base climbed in November
The monetary base rose 32.50% on a YoY basis in Japan, in November. In the previous month, the monetary base had registered a similar rise.
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