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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house price balance climbed in September
In September, house price balance rose to a level of 17.00 in the UK, higher than market expectations of an advance to 14.00. House price balance had recorded a level of 12.00 in the previous month.
Euro-zone industrial production rose more than expected in August
On a MoM basis, the seasonally adjusted industrial production recorded a rise of 1.60% in the Eurozone, in August, higher than market expectations for a rise of 1.50%. Industrial production had registered a revised drop of 0.70% in the previous month.
German wholesale price index climbed in September
In September, on a MoM basis, the wholesale price index climbed 0.40% in Germany. In the prior month, the wholesale price index had fallen 0.70%.
German wholesale price index slid in September
In Germany, the wholesale price index slid 0.30% on an annual basis, in September. The wholesale price index had dropped 1.20% in the previous month.
French CPI (ex-tobacco) declined as expected in September
On a monthly basis in France, the final consumer price index (CPI) (ex-tobacco) recorded a drop of 0.20% in September, at par with market expectations. The preliminary figures had also recorded a fall of 0.20%. The CPI (ex-tobacco) had risen 0.30% in the prior month.
French EU normalised CPI fell as expected in September
On a MoM basis, the final EU normalised CPI in France, fell 0.20% in September, in line with market expectations. In the previous month, EU normalised CPI had advanced 0.30%. The preliminary figures had also recorded a fall of 0.20%.
Swiss economic expectations index advanced in October
The economic expectations index in Switzerland rose to a level of 5.20 in October. In the previous month, the economic expectations index had registered a level of 2.70.
FOMC minutes indicated a rate hike ‘relatively soon’
The Federal Open Market Committee’s (FOMC) September meeting minutes showed that there was division between members who wanted a rate hike and those who took a more cautious approach. The Federal Reserve officials who favoured hiking interest rate worry that waiting too long could send the country into a recession. Further, several members judged that it would be appropriate to increase the interest rate relatively soon if economic developments unfolded about as the committee expected.
US JOLTs job openings declined in August
In August, JOLTs job openings in the US dropped to 5443.00 K, lower than market expectations of a drop to a level of 5800.00 K. JOLTs job openings had registered a revised reading of 5831.00 K in the prior month.
US mortgage applications dropped in the last week
In the US, mortgage applications slid 6.00% on a weekly basis, in the week ended 07 October 2016. Mortgage applications had advanced 2.90% in the prior week.
Japanese bank lending including trusts rose in September
On a YoY basis, bank lending including trusts rose 2.20% in September, in Japan. In the prior month, bank lending including trusts had registered a rise of 2.00%.
Japanese bank lending ex-trust climbed in September
In Japan, bank lending ex-trust climbed 2.20% on an annual basis, in September. In the prior month, bank lending ex-trust had recorded a rise of 2.00%.
Japanese average office vacancies in Tokyo recorded a rise in September
In Japan, average office vacancies in Tokyo advanced 3.70% in September on a monthly basis. In the prior month, average office vacancies in Tokyo had risen 3.90%.
Japanese machine tool orders registered a drop in September
The preliminary machine tool orders registered a drop of 6.30% in Japan on a YoY basis, in September. Machine tool orders had recorded a drop of 8.40% in the prior month.
Chinese imports recorded an unexpected drop in September
In September, imports recorded an unexpected drop of 1.90% in China on a YoY basis, compared to a rise of 1.50% in the previous month. Market expectation was for imports to climb 0.60%.
Chinese exports dropped more than expected in September
In China, exports registered a drop of 10.00% on a YoY basis in September, higher than market expectations for a fall of 3.30%. In the prior month, exports had recorded a drop of 2.80%.
Chinese trade surplus dropped in September
China has registered trade surplus of $41.99 billion in September, compared to a trade surplus of $52.05 billion in the prior month. Market expectation was for the nation to register a trade surplus of $53.00 billion.
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