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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BRC shop price index fell in October
On a YoY basis, the BRC shop price index dropped 0.10% in October, in the UK. In the prior month, the BRC shop price index had registered a similar fall.
Euro-zone CPI advanced less than expected in October
The flash consumer price index (CPI) rose 1.40% on a YoY basis in October, in the Euro-zone, compared to a rise of 1.50% in the previous month. Markets were expecting the CPI to advance 1.50%.
Euro-zone GDP advanced more than expected in 3Q 2017
In 3Q 2017, on an annual basis, the seasonally adjusted flash gross domestic product (GDP) in the Euro-zone registered a rise of 2.50%, more than market expectations for a rise of 2.40%. GDP had registered a rise of 2.30% in the prior quarter.
Euro-zone core CPI advanced less than expected in October
In the Euro-zone, the flash core CPI recorded a rise of 0.90% on an annual basis in October, lower than market expectations for a rise of 1.10%. In the previous month, the core CPI had registered a rise of 1.10%.
Euro-zone GDP advanced more than expected in 3Q 2017
On a QoQ basis, in the Euro-zone, the seasonally adjusted flash GDP rose 0.60% in 3Q 2017, compared to a similar rise in the previous quarter. Market expectation was for GDP to advance 0.50%.
Euro-zone unemployment rate surprisingly eased in September
In the Euro-zone, the unemployment rate unexpectedly dropped to 8.90%, in September, compared to a revised reading of 9.00% in the previous month. Market expectation was for the unemployment rate to record a steady reading.
French CPI (ex-tobacco) rose as expected in October
In October, on a MoM basis, the preliminary CPI (ex-tobacco) rose 0.10% in France, compared to a drop of 0.20% in the previous month. Market anticipation was for the CPI (ex-tobacco) to climb 0.10%.
French GDP rose more than expected in 4Q 2017
In 4Q 2017, on a YoY basis, the final GDP in France rose 2.20%, compared to a rise of 1.80% in the prior quarter. Market anticipation was for GDP to advance 2.10%. The preliminary figures had recorded a rise of 1.80%.
French EU normalised CPI rose as expected in October
In October, on a monthly basis, the preliminary EU normalised CPI rose 0.10% in France, compared to a fall of 0.20% in the prior month. Market expectation was for EU normalised CPI to rise 0.10%.
French GDP advanced as expected in 3Q 2017
The second estimate of GDP registered a rise of 0.50% on a QoQ basis in 3Q 2017, in France, compared to a similar rise in the previous quarter. The preliminary figures had indicated an advance of 0.60%. Markets were expecting GDP to rise 0.50%.
French CPI (ex-tobacco) advanced more than expected in October
On a YoY basis in France, the preliminary CPI (ex-tobacco) climbed 1.10% in October, more than market expectations for an advance of 1.00%. In the prior month, the CPI (ex-tobacco) had risen 1.00%.
French PPI rose in September
On a MoM basis, the producer price index (PPI) recorded a rise of 0.50% in France, in September. In the prior month, the PPI had recorded a rise of 0.40%.
French consumer spending rose more than expected in September
Consumer spending advanced 0.90% in France on a monthly basis in September, higher than market expectations for a rise of 0.60%. In the previous month, consumer spending had registered a revised drop of 0.20%.
Italian CPI unexpectedly slid in October
In October, on a monthly basis, the flash CPI in Italy recorded an unexpected drop of 0.20%, less than market expectations for an advance of 0.10%. The CPI had registered a drop of 0.30% in the prior month.
Italian unemployment rate remained flat in September
Unemployment rate remained steady at 11.10% in Italy, in September, in line with market expectations.
Italian PPI rose in September
The PPI in Italy recorded a rise of 0.30% in September on a monthly basis. In the previous month, the PPI had climbed 0.50%.
Italian CPI rose less than expected in October
The preliminary CPI advanced 1.10% on an annual basis in October, in Italy, compared to a similar rise in the previous month. Market expectation was for the CPI to rise 1.30%.
Italian EU normalised CPI advanced less than expected in October
On an annual basis, the preliminary EU normalised CPI rose 1.10% in October, in Italy, lower than market expectations for a rise of 1.30%. In the prior month, the EU normalised CPI had recorded a rise of 1.30%.
Italian EU normalised CPI remained steady in October
On a MoM basis, in Italy, the preliminary EU normalised CPI remained unchanged in October, lower than market expectations for an advance of 0.20%. In the prior month, the EU normalised CPI had recorded a rise of 1.80%.
Italian PPI rose in September
In Italy, the PPI advanced 2.00% in September on an annual basis. In the previous month, the PPI had risen 1.60%.
Spanish current account surplus dropped in August
Spain has reported current account surplus of €2.60 billion in August, compared to a current account surplus of €3.00 billion in the prior month.
US S&P/Case-Shiller home price index rose in August
In the US, the S&P/Case-Shiller home price index registered a rise to 202.87 in August. In the previous month, the S&P/Case-Shiller home price index had registered a revised level of 202.02.
US S&P/Case-Shiller composite index of 20 metropolitan areas advanced more than expected in August
The seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas in the US registered a rise of 0.45% in August on a monthly basis, compared to a revised rise of 0.38% in the prior month. Markets were expecting the S&P/Case-Shiller composite index of 20 metropolitan areas to rise 0.40%.
US Chicago Fed purchasing managers index surprisingly climbed in October
The Chicago Fed purchasing managers index registered an unexpected rise to 66.20 in October, in the US, compared to a reading of 65.20 in the previous month. Markets were anticipating the Chicago Fed purchasing managers index to ease to 60.00.
US Redbook index declined in the last week
The seasonally adjusted Redbook index in the US dropped 1.30% on a monthly basis, in the week ended 27 October 2017. The Redbook index had registered a similar fall in the prior week.
US Redbook index climbed in the last week
On a YoY basis, the Redbook index rose 3.60% in the US, in the week ended 27 October 2017. The Redbook index had recorded a rise of 3.50% in the previous week.
US employment cost index rose as expected in 3Q 2017
In 3Q 2017, on a QoQ basis, the employment cost index in the US climbed 0.70%, compared to a rise of 0.50% in the prior quarter. Market anticipation was for the employment cost index to rise 0.70%.
US S&P/Case-Shiller composite home price index of 20 metropolitan areas rose less than expected in August
In the US, the S&P/Case-Shiller composite home price index of 20 metropolitan areas advanced 5.92% on a YoY basis in August, lower than market expectations for a rise of 5.93%. In the prior month, the S&P/Case-Shiller composite home price index of 20 metropolitan areas had risen by a revised 5.83%.
BoC Governor Poloz: Canada’s economy is at a crucial spot in the economic cycle
Bank of Canada (BoC) Governor, Stephen Poloz, stated that Canada is at a “crucial” spot in the economic cycle and its economy faces a number of significant risks. He highlighted the major sources of uncertainty for the central bank, including weak inflation and wage growth, as well as high household debt.
US CB consumer confidence index rose in October
The CB consumer confidence index recorded a rise to 125.90 in October, in the US, compared to a revised reading of 120.60 in the prior month. Markets were expecting the CB consumer confidence index to advance to a level of 121.50.
Canadian industrial product price index unexpectedly dropped in September
The industrial product price index registered an unexpected drop of 0.30% on a monthly basis in Canada, in September, lower than market expectations for a rise of 0.20%. In the previous month, the industrial product price index had advanced by a revised 0.40%.
Canadian GDP advanced less than expected in August
The gross domestic product advanced 3.50% on a YoY basis in August, in Canada, compared to a revised rise of 3.90% in the previous month. Market expectation was for the GDP to climb 3.60%.
Canadian raw material price index surprisingly eased in September
In September, on a MoM basis, the raw material price index registered an unexpected drop of 0.10% in Canada, less than market expectations for a rise of 0.30%. In the prior month, the raw material price index had risen by a revised 0.90%.
Canadian GDP surprisingly fell in August
On a MoM basis in Canada, the GDP registered an unexpected drop of 0.10% in August, lower than market expectations for an advance of 0.10%. In the prior month, the GDP had registered an unchanged reading.
Japanese construction orders eased in September
Construction orders fell 11.60% on an annual basis in Japan, in September. Construction orders had dropped 10.60% in the prior month.
Japanese manufacturing PMI dropped in October
The final manufacturing PMI in Japan dropped to 52.80 in October, compared to a level of 52.90 in the prior month. The preliminary figures had recorded a drop to 52.50.
Japanese housing starts declined less than expected in September
Housing starts in Japan eased 2.90% on an annual basis in September, compared to a fall of 2.00% in the prior month. Market expectation was for housing starts to ease 3.20%.
Japanese annualised housing starts advanced in September
The annualised housing starts in Japan recorded a rise to 0.95 mn units in September, compared to a level of 0.94 mn units in the previous month. Market expectation was for the annualised housing starts to advance to 0.95 mn units.
Chinese Caixin/Markit manufacturing PMI index remained unchanged in October
In China, Caixin/Markit manufacturing PMI index remained flat at 51.00 in October, in line with market expectations.
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