The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales rose more than expected in November
In November, retail sales advanced 1.70% on a monthly basis in the UK, compared to a revised fall of 0.50% in the prior month. Market expectation was for retail sales to climb 0.60%.
UK retail sales advanced more than expected in November
Retail sales registered a rise of 5.00% on a YoY basis in the UK, in November, more than market expectations for an advance of 3.00%. Retail sales had risen by a revised 4.20% in the prior month.
UK CBI trends selling prices remained steady in December
CBI trends selling prices remained unchanged at a level of -2.00 in the UK, in December.
UK balance of firms reporting total order book above normal advanced in December
In December, the balance of firms reporting total order book above normal advanced to -7.00 in the UK, compared to market expectations of a rise to -10.00. In the prior month, the balance of firms reporting total order book above normal had registered a reading of -11.00.
Euro-zone construction output advanced in October
On a MoM basis, the seasonally adjusted construction output recorded a rise of 0.50% in the Euro-zone, in October. Construction output had fallen by a revised 0.70% in the previous month.
Euro-zone labour cost recorded a rise in 3Q 2015
In 3Q 2015, on a QoQ basis, labour cost advanced 1.10% in the Euro-zone. In the previous quarter, labour cost had advanced 1.60%.
German Ifo business expectations index remained steady in December
The Ifo business expectations index remained flat at 104.70 in Germany, compared to market expectations of a rise to a level of 105.00.
German Ifo current assessment index declined surprisingly in December
In Germany, the Ifo current assessment index registered an unexpected drop to a level of 112.80 in December, compared to market expectations of a steady reading. In the prior month, the Ifo current assessment index had registered a reading of 113.40.
German Ifo business climate index slid surprisingly in December
The Ifo business climate index dropped unexpectedly to a level of 108.70 in December, in Germany, lower than market expectations of a steady reading. The Ifo business climate index had registered a level of 109.00 in the prior month.
French industrial business climate index declined in December
In December, the industrial business climate index recorded a drop to 101.00 in France, at par with market expectations. In the previous month, the industrial business climate index had registered a reading of 102.00.
French production outlook indicator eased in December
In France, the production outlook indicator registered a drop to 0.00 in December, compared to a revised level of 9.00 in the previous month.
French own-company production outlook climbed in December
In December, own-company production outlook rose to a level of 10.00 in France. In the prior month, own-company production outlook had recorded a revised level of 3.00.
Italian trade surplus expanded in October
Italy has reported (EU countries) trade surplus of €1.29 billion in October, following a revised trade surplus of €0.76 billion in the prior month.
Italian global trade surplus widened in October
Global trade surplus in Italy rose to €4.81 billion in October. Italy had posted a revised global trade surplus of €2.19 billion in the prior month.
US leading indicator advanced more than expected in November
On a monthly basis, leading indicator in the US advanced 0.40% in November, more than market expectations for a rise of 0.10%. Leading indicator had recorded a rise of 0.60% in the prior month.
US initial jobless claims registered a drop in the last week
The seasonally adjusted initial jobless claims registered a drop to 271.00 K in the US, in the week ended 12 December 2015, compared to market expectations of a drop to 275.00 K. In the previous week, initial jobless claims had registered a level of 282.00 K.
US continuing jobless claims fell in the last week
The seasonally adjusted continuing jobless claims in the US eased to 2238.00 K in the week ended 05 December 2015, compared to market expectations of a fall to 2200.00 K. Continuing jobless claims had recorded a revised reading of 2245.00 K in the prior week.
US Philadelphia Fed manufacturing index fell in December
Philadelphia Fed manufacturing index in the US recorded a drop to -5.90 in December, compared to market expectations of a fall to 1.00. In the previous month, Philadelphia Fed manufacturing index had recorded a reading of 1.90.
US current account deficit rose in 3Q 2015
US has posted current account deficit of $124.10 billion in 3Q 2015, following a revised current account deficit of $111.10 billion in the prior quarter. Market expectation was for a current account surplus of $118.60 billion.
Chinese house price index climbed in November
In November, on an annual basis, the house price index climbed 0.90% in China. In the prior month, the house price index had recorded a rise of 0.10%.
Chinese MNI business sentiment index climbed in December
In China, the MNI business sentiment index recorded a rise to 52.70 in December. In the prior month, the MNI business sentiment index had recorded a reading of 49.90.
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