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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BBA mortgage approvals eased unexpectedly in November
BBA mortgage approvals in the UK registered an unexpected drop to 40.66 K in November, compared to market expectations of a rise to 41.40 K. BBA mortgage approvals had registered a revised level of 40.84 K in the prior month.
Italian consumer confidence index unexpectedly climbed in December
The consumer confidence index advanced unexpectedly to 111.10 in December, in Italy, higher than market expectations of a drop to a level of 107.50. The consumer confidence index had recorded a revised reading of 108.10 in the previous month.
Italian business confidence index advanced unexpectedly in December
The business confidence index in Italy climbed unexpectedly to a level of 103.50 in December, compared to market expectations of a fall to a level of 101.80. The business confidence index had registered a revised reading of 102.20 in the prior month.
Spanish retail sales rose more than expected in November
Retail sales advanced 3.30% on a YoY basis in November, in Spain, more than market expectations for a rise of 3.10%. In the previous month, retail sales had advanced 2.20%.
Swiss UBS consumption indicator recorded a surprise drop in November
UBS consumption indicator fell unexpectedly to a level of 1.43 in Switzerland, in November, compared to a level of 1.49 in the prior month. Markets were anticipating UBS consumption indicator to climb to a level of 1.50.
US Dallas Fed manufacturing business index advanced surprisingly in December
The Dallas Fed manufacturing business index in the US rose unexpectedly to a level of 15.50 in December, compared to market expectations of a steady reading. The Dallas Fed manufacturing business index had registered a level of 10.20 in the previous month.
US pending home sales surprisingly eased in November
Pending home sales in the US recorded an unexpected drop of 2.50% on a monthly basis in November, lower than market expectations for a rise of 0.50%. In the previous month, pending home sales had climbed 0.10%.
US Redbook index advanced in the last week
The seasonally adjusted Redbook index advanced 0.80% on a MoM basis, in the week ended 23 December 2016, in the US. The Redbook index had risen 0.50% in the prior week.
US Redbook index registered a rise in the last week
On a YoY basis, the Redbook index in the US rose 2.10% in the week ended 23 December 2016. In the previous week, the Redbook index had advanced 1.50%.
US pending home sales dropped in November
In November, on a YoY basis, pending home sales registered a drop of 0.40% in the US. Pending home sales had recorded a rise of 0.20% in the prior month.
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