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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK exports dropped as expected in 3Q 2017
On a QoQ basis, the flash exports in the UK fell 0.70% in 3Q 2017, in line with market expectations. In the prior quarter, exports had registered a rise of 0.70%.
UK government spending rose as expected in 3Q 2017
The flash government spending climbed 0.30% in the UK on a quarterly basis in 3Q 2017, compared to an advance of 0.60% in the prior quarter. Markets were expecting government spending to advance 0.30%.
UK imports advanced more than expected in 3Q 2017
In 3Q 2017, the flash imports recorded a rise of 1.10% in the UK on a QoQ basis, higher than market expectations for a rise of 0.90%. Imports had climbed 0.70% in the previous quarter.
UK gross fixed capital formation rose less than expected in 3Q 2017
In 3Q 2017, the preliminary gross fixed capital formation rose 0.20% in the UK on a QoQ basis, less than market expectations for a rise of 0.40%. Gross fixed capital formation had recorded a rise of 0.70% in the previous quarter.
UK index of services advanced less than expected in September
In September, the index of services in the UK rose 0.10% on a monthly basis, compared to a revised similar rise in the prior month. Market expectation was for the index of services to climb 0.20%.
UK total business investment advanced less than expected in 3Q 2017
In 3Q 2017 on a quarterly basis, the preliminary total business investment in the UK climbed 0.20%, less than market expectations for a rise of 0.30%. In the previous quarter, total business investment had recorded a rise of 0.50%.
UK index of services rose as expected in September
The index of services in the UK advanced 0.40% in September on a monthly basis, compared to a revised rise of 0.50% in the June-August 2017 period. Markets were expecting the index of services to rise 0.40%.
UK CBI distributive trade survey’s retail sales balance climbed in November
In November, the CBI distributive trade survey’s retail sales balance registered a rise to 26.00% in the UK, compared to a level of 36.00% in the previous month. Market anticipation was for the CBI distributive trade survey’s retail sales balance to rise to 3.00%.
UK GDP rose as expected in 3Q 2017
In 3Q 2017, on a quarterly basis, the second estimate of GDP in the UK advanced 0.40%, compared to an advance of 0.30% in the prior quarter. Market expectation was for GDP to climb 0.40%. The preliminary figures had also recorded a rise of 0.40%.
UK GDP rose as expected in 3Q 2017
On a YoY basis, the second estimate of GDP in the UK recorded a rise of 1.50% in 3Q 2017, in line with market expectations. The preliminary figures had also recorded a rise of 1.50%. GDP had registered a similar rise in the prior quarter.
UK total business investment advanced less than expected in 3Q 2017
The flash total business investment in the UK registered a rise of 1.30% in 3Q 2017 on a YoY basis, compared to an advance of 2.50% in the previous quarter. Markets were expecting total business investment to advance 1.40%.
UK private consumption rose more than expected in 3Q 2017
On a quarterly basis in the UK, the flash private consumption climbed 0.60% in 3Q 2017, compared to an advance of 0.10% in the previous quarter. Markets were expecting private consumption to advance 0.40%.
Officials split over leaving bond purchases open-ended, indicated ECB minutes
According to minutes of the European Central Bank’s (ECB) October meeting, policymakers shared the view on extending the central bank’s quantitative easing (QE) programme but were divided over whether to announce an end-date as some feared that failure to put an end-date to QE might generate expectations of further extensions. However, with inflation dynamics remaining subdued, board members agreed that an ample degree of monetary stimulus was still needed to secure a sustained return of inflation towards the central bank’s target.
Euro-zone composite PMI unexpectedly advanced in November
The preliminary composite PMI unexpectedly climbed to a level of 57.50 in November, in the Euro-zone, compared to a reading of 56.00 in the prior month. Markets were anticipating composite PMI to record a flat reading.
Euro-zone services PMI advanced in November
In November, the flash services PMI in the Euro-zone registered a rise to 56.20, compared to market expectations of a rise to 55.20. In the prior month, services PMI had recorded a reading of 55.00.
Euro-zone manufacturing PMI surprisingly rose in November
The flash manufacturing PMI unexpectedly climbed to 60.00 in November, in the Euro-zone, higher than market expectations of a drop to a level of 58.20. The manufacturing PMI had recorded a level of 58.50 in the previous month.
German construction investment declined more than expected in 3Q 2017
In 3Q 2017 on a quarterly basis, construction investment in Germany slid 0.40%, higher than market expectations for a fall of 0.30%. In the prior quarter, construction investment had climbed by a revised 0.50%.
German manufacturing PMI unexpectedly climbed in November
The flash manufacturing PMI in Germany recorded an unexpected rise to 62.50 in November, compared to a level of 60.60 in the prior month. Markets were anticipating manufacturing PMI to fall to a level of 60.40.
German private consumption surprisingly eased in 3Q 2017
On a QoQ basis, private consumption unexpectedly fell 0.10% in Germany, in 3Q 2017, compared to a revised advance of 0.90% in the previous quarter. Markets were expecting private consumption to climb 0.20%.
German capital investment advanced less than expected in 3Q 2017
Capital investment climbed 0.40% on a quarterly basis in Germany, in 3Q 2017, less than market expectations for an advance of 1.40%. In the prior quarter, capital investment had advanced by a revised 1.50%.
German GDP advanced as expected in 3Q 2017
In 3Q 2017, on an annual basis, the non-seasonally adjusted final GDP climbed 2.30% in Germany, meeting market expectations. The preliminary figures had also recorded a rise of 2.30%. GDP had advanced by a revised 1.00% in the previous quarter.
German GDP advanced as expected in 3Q 2017
In 3Q 2017, on a YoY basis, the working day adjusted final GDP registered a rise of 2.80% in Germany, at par with market expectations. The preliminary figures had also indicated an advance of 2.80%. GDP had advanced by a revised 2.30% in the previous quarter.
German domestic demand rose less than expected in 3Q 2017
In 3Q 2017, on a QoQ basis, domestic demand in Germany advanced 0.40%, lower than market expectations for an advance of 0.60%. Domestic demand had registered a revised rise of 1.20% in the prior quarter.
German services PMI rose in November
The flash services PMI registered a rise to 54.90 in Germany, in November, compared to market expectations of an advance to a level of 55.00. In the prior month, services PMI had recorded a level of 54.70.
German Markit composite PMI advanced in November
The preliminary Markit composite PMI rose to a level of 57.60 in November, in Germany, compared to market expectations of a rise to 56.70. Markit composite PMI had registered a reading of 56.60 in the previous month.
German exports advanced more than expected in 3Q 2017
In 3Q 2017, exports rose 1.70% on a quarterly basis in Germany, higher than market expectations for a rise of 1.00%. In the prior quarter, exports had registered a revised rise of 1.00%.
German imports rose more than expected in 3Q 2017
Imports in Germany rose 0.90% on a quarterly basis in 3Q 2017, compared to a revised rise of 2.40% in the previous quarter. Market anticipation was for imports to rise 0.80%.
German government spending remained steady in 3Q 2017
In 3Q 2017, on a QoQ basis, government spending in Germany remained steady, compared to a rise of 0.60% in the previous quarter. Market anticipation was for government spending to climb 0.20%.
German GDP rose as expected in 3Q 2017
On a quarterly basis in 3Q 2017, the seasonally adjusted final GDP climbed 0.80% in Germany, at par with market expectations. The preliminary figures had also indicated an advance of 0.80%. In the previous quarter, GDP had risen 0.60%.
French industrial business climate index unexpectedly rose in November
The industrial business climate index recorded an unexpected rise to a level of 111.00 in France, in November, compared to market expectations of an unchanged reading. In the prior month, the industrial business climate index had recorded a reading of 109.00.
French own-company production outlook declined in November
Own-company production outlook recorded a drop to 16.00 in November, in France. Own-company production outlook had recorded a level of 17.00 in the previous month.
French manufacturing PMI surprisingly advanced in November
In November, the preliminary manufacturing PMI in France rose unexpectedly to a level of 57.50, compared to a reading of 56.10 in the prior month. Markets were anticipating manufacturing PMI to ease to a level of 55.90.
French Markit composite PMI surprisingly advanced in November
The flash Markit composite PMI climbed unexpectedly to 60.10 in France, in November, compared to market expectations of a drop to 57.20. Markit composite PMI had recorded a reading of 57.40 in the previous month.
French services PMI unexpectedly rose in November
The preliminary services PMI in France registered an unexpected rise to a level of 60.20 in November, compared to a reading of 57.30 in the previous month. Markets were anticipating services PMI to drop to 57.00.
French production outlook indicator climbed in November
The production outlook indicator recorded a rise to 31.00 in France, in November, compared to market expectations of an advance to 33.00. The production outlook indicator had registered a revised reading of 30.00 in the previous month.
Canadian retail sales (ex-autos) rose less than expected in September
Retail sales (ex-autos) in Canada climbed 0.30% on a MoM basis in September, less than market expectations for an advance of 1.00%. In the previous month, retail sales (ex-autos) had registered a revised drop of 0.40%.
Canadian retail sales rose less than expected in September
Retail sales registered a rise of 0.10% on a monthly basis in Canada, in September, compared to a revised drop of 0.10% in the previous month. Markets were anticipating retail sales to climb 1.00%.
Japanese manufacturing PMI advanced in November
The preliminary manufacturing PMI climbed to 53.80 in Japan, in November. Manufacturing PMI had registered a reading of 52.80 in the prior month.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors remained net buyers of ¥330.90 billion worth of foreign stocks in the week ended 17 November 2017, as compared to being net buyers of ¥308.20 billion worth of foreign stocks in the prior week.
Foreign investors remained net sellers of Japanese bonds in the previous week
Foreign investors remained net sellers of ¥285.10 billion worth of Japanese bonds in the week ended 17 November 2017, as compared to being net sellers of ¥104.00 billion worth of Japanese bonds in the previous week.
Foreign investors turned net sellers of Japanese stocks in the previous week
Foreign investors turned net sellers of ¥324.50 billion worth of Japanese stocks in the week ended 17 November 2017, from being net buyers of ¥183.20 billion worth of Japanese stocks in the previous week.
Japanese investors turned net buyers of foreign bonds in the previous week
Japanese investors turned net buyers of ¥231.30 billion worth of foreign bonds in the week ended 17 November 2017, from being net sellers of a revised ¥96.30 billion worth of foreign bonds in the prior week.
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