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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CBI distributive trade survey’s retail sales balance recorded an unexpected rise in December
The CBI distributive trade survey’s retail sales balance rose unexpectedly to 35.00% in December, in the UK, compared to market expectations of a fall to a level of 20.00%. In the prior month, the CBI distributive trade survey’s retail sales balance had registered a level of 26.00%.
Euro-zone current account surplus expanded in October
The seasonally adjusted current account surplus in the Euro-zone rose to €28.40 billion in October. The Euro-zone had reported a revised current account surplus of €27.70 billion in the prior month.
Euro-zone current account surplus widened in October
The non-seasonally adjusted current account surplus in the Euro-zone expanded to €32.80 billion in October. The Euro-zone had registered a revised current account surplus of €32.20 billion in the previous month.
German PPI advanced more than expected in November
On a MoM basis, in November, the producer price index (PPI) recorded a rise of 0.30% in Germany, compared to a rise of 0.70% in the prior month. Market anticipation was for the PPI to rise 0.10%.
German PPI surprisingly rose in November
On an annual basis, in November, the PPI unexpectedly climbed 0.10% in Germany, more than market expectations for a drop of 0.20%. The PPI had dropped 0.40% in the previous month.
Italian current account surplus rose in October
Current account surplus in Italy expanded to €6.09 billion in October. Italy had reported a current account surplus of €2.81 billion in the previous month.
Swiss exports registered a drop in November
On a MoM basis, exports in Switzerland slid 0.40% in November. Exports had recorded a revised drop of 6.70% in the prior month.
Swiss imports dropped in November
In Switzerland, imports registered a drop of 4.20% on a monthly basis, in November. Imports had recorded a revised rise of 2.60% in the prior month.
Swiss trade surplus widened in November
In November, trade surplus in Switzerland widened to CHF 3.64 billion, following a revised trade surplus of CHF 2.66 billion in the previous month. Markets were anticipating the country’s trade surplus to rise to CHF 3.56 billion.
US Redbook index recorded a rise in the last week
On a monthly basis, the seasonally adjusted Redbook index in the US registered a rise of 0.50% in the week ended 16 December 2016. In the previous week, the Redbook index had risen 0.30%.
US Redbook index registered a rise in the last week
The Redbook index climbed 1.50% on a YoY basis, in the week ended 16 December 2016, in the US. In the prior week, the Redbook index had risen 1.00%.
Canadian wholesale sales rose more than expected in October
On a monthly basis in Canada, wholesale sales registered a rise of 1.10% in October, more than market expectations for a rise of 0.50%. In the previous month, wholesale sales had recorded a revised drop of 1.50%.
Japanese Tokyo department store sales slid in November
In November, on an annual basis, Tokyo department store sales eased 1.40% in Japan. In the previous month, Tokyo department store sales had registered a drop of 4.40%.
Japanese convenience store sales climbed in November
On a YoY basis, convenience store sales in Japan rose 0.50% in November. Convenience store sales had advanced 0.20% in the previous month.
Japanese nationwide department store sales recorded a drop in November
Nationwide department store sales fell 2.40% in Japan on an annual basis, in November. In the prior month, nationwide department store sales had recorded a drop of 3.90%.
Chinese leading economic index climbed in November
On a MoM basis, the leading economic index registered a rise of 1.00% in November, in China. In the prior month, the leading economic index had registered a rise of 0.80%.
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