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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales across all sectors recorded an unexpected drop in November
Retail sales across all sectors recorded an unexpected drop of 0.40% in the UK on a YoY basis in November, lower than market expectations for a rise of 0.50%. In the prior month, retail sales across all sectors had fallen 0.20%.
Eurozone investor confidence index rose in December
In December, the investor confidence index climbed to 15.70 in the Eurozone, lower than market expectations of an advance to 17.00. In the prior month, the investor confidence index had recorded a level of 15.10.
German industrial production advanced less than expected in October
In October, the seasonally adjusted industrial production climbed 0.20% on a MoM basis in Germany, less than market expectations for a rise of 0.80%. In the previous month, industrial production had dropped 1.10%.
German industrial production remained steady in October
On an annual basis, the non-seasonally & working day adjusted industrial production remained unchanged in October, in Germany, lower than market expectations for a rise of 0.70%. In the prior month, industrial production had recorded a revised rise of 0.40%.
Swiss foreign currency reserves recorded a rise in November
In Switzerland, foreign currency reserves advanced to CHF 562.70 billion in November, compared to a revised level of CHF 551.50 billion in the previous month. Markets were expecting foreign currency reserves to climb to a level of CHF 554.00 billion.
US consumer credit advanced less than expected in October
Consumer credit climbed $15.98 billion in the US, in October, lower than market expectations for an advance of $19.00 billion. In the prior month, consumer credit had registered a revised rise of $28.57 billion.
Japanese net employment outlook remained unchanged in 1Q 2016
In Japan, the net employment outlook remained steady at 23.00% in 1Q 2016.
Japanese (BOP basis) trade surplus rose in October
(BOP basis) trade surplus in Japan widened to Yen 200.20 billion in October, compared to a (BOP basis) trade surplus of Yen 82.30 billion in the previous month. Markets were anticipating the nation’s (BOP basis) trade surplus to widen to Yen 202.30 billion.
Japanese GDP deflator rose less than expected in 3Q 2015
The final gross domestic product (GD) deflator advanced 1.80% on a YoY basis in Japan, in 3Q 2015, less than market expectations for a rise of 2.00%. The preliminary figures had recorded an advance of 2.00%. In the previous quarter, the GDP deflator had advanced 1.50%.
Japanese bank lending including trusts recorded a rise in November
The bank lending including trusts advanced 2.30% in Japan on an annual basis, in November. In the prior month, bank lending including trusts had climbed 2.50%.
Japanese current account surplus fell in October
In October, the non-seasonally adjusted current account surplus in Japan fell to Yen 1458.40 billion, following a current account surplus of Yen 1468.40 billion in the prior month. Markets were expecting the country’s current account surplus to rise to Yen 1594.20 billion.
Japanese adjusted (total) current account surplus widened in October
Adjusted (total) current account surplus in Japan expanded to ¥1493.70 billion in October, compared to market expectations of an adjusted (total) current account surplus of ¥1535.00 billion. Japan had reported an adjusted (total) current account surplus of ¥776.20 billion in the prior month.
Japanese leading economic index recorded a rise in October
In October, the flash leading economic index in Japan rose to a level of 102.90, at par with market expectations. The leading economic index had recorded a reading of 101.60 in the prior month.
Japanese coincident index climbed in October
The flash coincident index in Japan registered a rise to 114.30 in October, compared to a level of 112.30 in the prior month. Market anticipation was for the coincident index to rise to 114.10.
Japanese nominal GDP rose more than expected in 3Q 2015
In 3Q 2015, the final nominal GDP recorded a rise of 0.40% in Japan, on a quarterly basis, more than market expectations for an advance of 0.20%. The preliminary figures had recorded an unchanged reading. Nominal GDP had climbed by a revised 0.20% in the prior quarter.
Japanese GDP unexpectedly climbed in 3Q 2015
The final GDP unexpectedly rose 0.30% on a quarterly basis in 3Q 2015, in Japan, more than market expectations for an unchanged reading. GDP had dropped by a revised 0.20% in the prior quarter. The preliminary figures had recorded a fall of 0.20%.
Japanese annualised GDP climbed surprisingly in 3Q 2015
In 3Q 2015, the final annualised GDP recorded an unexpected rise of 1.00% on a QoQ basis in Japan, compared to a revised fall of 0.70% in the prior quarter. Market expectation was for annualised GDP to record an unchanged reading. The preliminary figures had indicated a drop of 0.80%.
Japanese bank lending ex-trust rose as expected in November
On an annual basis, bank lending ex-trust advanced 2.30% in November, in Japan, compared to a rise of 2.50% in the prior month. Markets were expecting bank lending ex-trust to climb 2.30%.
Chinese trade surplus registered a drop in November
Trade surplus in China fell to $54.10 billion in November, compared to market expectations of a trade surplus of $64.00 billion. China had reported a trade surplus of $61.64 billion in the prior month.
Chinese imports dropped less than expected in November
In November, on a YoY basis, imports in China slid 8.70%, compared to a drop of 18.80% in the prior month. Market anticipation was for imports to ease 11.90%.
Chinese exports drop more than expected in November
Exports slid 6.80% on a YoY basis in China, in November, more than market expectations for a drop of 5.00%. In the prior month, exports had registered a drop of 6.90%.
Chinese employment outlook advanced in 1Q 2016
In 1Q 2016, employment outlook in China advanced to 7.00%. Employment outlook had registered a level of 5.00% in the prior quarter.
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