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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Rightmove house price index climbs in October
The Rightmove house price index recorded a rise of 0.90% on a MoM basis, in October, in the UK. In the previous month, the Rightmove house price index had climbed 0.70%.
UK construction output rises less than expected in August
In August, construction output recorded a rise of 0.20% on an annual basis in the UK, lower than market expectations for a rise of 1.20%. In the previous month, construction output had registered a revised drop of 1.00%.
UK Rightmove house price index records a rise in October
Rightmove has indicated that, on a YoY basis, the Rightmove house price index registered a rise of 4.20% in October, in the UK. The Rightmove house price index had recorded a rise of 4.00% in the previous month.
Eurozone new car registrations in EU 28 countries record a rise in September
New car registrations in the EU 28 countries climbed 7.20% on a YoY basis, in September, in the Eurozone. New car registrations in the EU 28 countries had recorded a rise of 10.00% in the previous month.
Eurozone trade surplus widens in August
The Eurozone has posted the seasonally adjusted trade surplus of EUR 23.30 billion in August, following a revised trade surplus of EUR 20.80 billion in the previous month. Markets were expecting the region to register a trade surplus of EUR 20.40 billion.
Eurozone trade surplus drops in August
The non-seasonally adjusted trade surplus in the Eurozone narrowed to EUR 18.40 billion in August, compared to a trade surplus of EUR 25.30 billion in the previous month. Market anticipation was for the region’s a trade surplus to narrow to EUR 15.30 billion.
Italian consumer price index drops as expected in September
In September, on a monthly basis, the final consumer price index recorded a drop of 0.20% in Italy, compared to an advance of 0.20% in the prior month. The preliminary figures had also indicated a fall of 0.20%. Markets were anticipating the consumer price index to drop 0.20%.
Italian EU normalised consumer price index rises as expected in September
The final EU normalised consumer price index in Italy registered a rise of 1.90% on a monthly basis in September, in line with market expectations. The EU normalised consumer price index had fallen 0.10% in the prior month. The preliminary figures had also recorded an advance of 1.90%.
Spanish harmonised consumer price (HICP) index rises less than expected in September
In September, on a monthly basis, the final harmonised consumer price (HICP) index in Spain registered a rise of 0.70%, lower than market expectations for an advance of 0.80%. The preliminary figures had indicated an advance of 0.80%. In the prior month, the harmonised consumer price (HICP) index had recorded an unchanged reading.
Spanish consumer price index remains unchanged in September
The final consumer price index in Spain remained flat in September on a monthly basis, compared to an advance of 0.10% in the prior month. Market expectation was for the consumer price index to rise 0.10%. The preliminary figures had indicated an advance of 0.10%.
Spanish consumer price index advances less than expected in September
In September, the final consumer price index rose 0.20% on a YoY basis in Spain, compared to a drop of 0.10% in the previous month. Market expectation was for the consumer price index to rise 0.30%. The preliminary figures had indicated a rise of 0.30%.
Spanish harmonised consumer price (HICP) index remains unchanged in September
In September, the final harmonised consumer price (HICP) index remained unchanged on an annual basis in Spain, less than market expectations for an advance of 0.10%. The harmonised consumer price (HICP) index had recorded a drop of 0.30% in the prior month. The preliminary figures had indicated a rise of 0.10%.
Swiss producer and import price index rises more than expected in September
On a MoM basis in Switzerland, the producer and import price index rose 0.30% in September, compared to a fall of 0.30% in the prior month. Market anticipation was for the producer and import price index to climb 0.10%.
Swiss producer and import price index drops less than expected in September
In September on an annual basis, the producer and import price index in Switzerland eased 0.10%, less than market expectations for a drop of 0.20%. In the previous month, the producer and import price index had recorded a drop of 0.40%.
Janet Yellen: A ‘high-pressure’ economy may be the only way back from crisis
The Federal Reserve (Fed) Chairwoman, Janet Yellen stated that the US economic potential is slipping and aggressive steps might be needed to rebuild it. She further indicated that the central bank might need to run a “high-pressure economy” to reverse some of the negative effects of the Great Recession.
US retail sales Control Group advances less than expected in September
In September, on a MoM basis, retail sales Control Group in the US climbed 0.10%, less than market expectations for a rise of 0.40%. Retail sales Control Group had dropped 0.10% in the previous month.
US retail sales ex-autos rise as expected in September
In September, retail sales ex-autos climbed 0.50% on a MoM basis in the US, compared to a revised drop of 0.20% in the previous month. Market expectation was for retail sales ex-autos to climb 0.50%.
US producer price (ex-food & energy) advances more than expected in September
Producer price (ex-food & energy) in the US advanced 0.20% in September on a monthly basis, higher than market expectations for a rise of 0.10%. In the previous month, producer price (ex-food & energy) had risen 0.10%.
US producer price rises more than expected in September
Producer price registered a rise of 0.70% on an annual basis in the US in September, higher than market expectations for a rise of 0.60%. In the previous month, producer price had recorded a flat reading.
US Reuters/Michigan consumer sentiment index records a surprise drop in October
In October, the flash Reuters/Michigan consumer sentiment index in the US dropped unexpectedly to 87.90, compared to market expectations of a rise to a level of 91.80. The Reuters/Michigan consumer sentiment index had recorded a reading of 91.20 in the previous month.
US budget surplus drops in September
Budget surplus in the US narrowed to USD 33.40 billion in September, from a revised budget surplus of USD 90.90 billion in the prior month. Market anticipation was for the nation to register a budget surplus of USD 30.00 billion.
US producer price (ex-food & energy) rises as expected in September
Producer price (ex-food & energy) in the US recorded a rise of 1.20% on a YoY basis in September, in line with market expectations. In the prior month, producer price (ex-food & energy) had registered a rise of 1.00%.
US advance retail sales rise as expected in September
Advance retail sales in the US climbed 0.60% in September on a MoM basis, compared to a revised fall of 0.20% in the previous month. Markets were anticipating advance retail sales to advance 0.60%.
US retail sales (ex-auto & gas) rises as expected in September
Retail sales (ex-auto & gas) in the US climbed 0.30% in September on a monthly basis, at par with market expectations. In the prior month, retail sales (ex-auto & gas) had recorded a revised flat reading.
US business inventories rise more than expected in August
Business inventories rose 0.20% on a monthly basis in the US in August, more than market expectations for a rise of 0.10%. In the prior month, business inventories had recorded an unchanged reading.
US producer price advances more than expected in September
On a monthly basis, producer price in the US climbed 0.30% in September, compared to a flat reading in the previous month. Markets were anticipating producer price to rise 0.20%.
Canadian existing home sales record a rise in September
On a MoM basis, existing home sales rose 0.80% in September, in Canada. In the previous month, existing home sales had registered a drop of 3.10%.
Japanese Tokyo condominium sales climb in September
Tokyo condominium sales in Japan climbed 40.90% in September on an annual basis. In the prior month, Tokyo condominium sales had recorded a drop of 24.70%.
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