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Guardian Stockbrokers Key Economic News Monday 20 November 2017

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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Euro-zone construction output rose in September

The seasonally adjusted construction output in the Euro-zone rose 0.10% in September on a MoM basis. Construction output had registered a revised unchanged reading in the prior month.

Euro-zone current account surplus expanded in September

In September, the non-seasonally adjusted current account surplus in the Euro-zone expanded to €41.80 billion. The Euro-zone had posted a revised current account surplus of €30.80 billion in the prior month.

Euro-zone current account surplus expanded in September

The seasonally adjusted current account surplus in the Euro-zone expanded to €37.80 billion in September, from a revised current account surplus of €34.50 billion in the previous month.

Italian current account surplus expanded in September

In September, current account surplus in Italy expanded to €4.31 billion. Italy had reported a revised current account surplus of €3.72 billion in the prior month.

US housing starts rose in October

In October, housing starts rose 13.70%, on MoM basis, to an annual rate of 1290.00 K in the US, higher than market expectations of 1190.00 K. In the prior month, housing starts had registered a revised level of 1135.00 K.

US building permits advanced in October

Building permits advanced 5.90%, on monthly basis, to an annual rate of 1297.00 K in the US, in October, compared to a revised level of 1225.00 K in the prior month. Market expectation was for building permits to climb to 1250.00 K.

US Kansas City Fed manufacturing activity index slid in November

In November, the Kansas City Fed manufacturing activity index eased to 16.00 in the US, compared to a reading of 23.00 in the previous month. Market anticipation was for the Kansas City Fed manufacturing activity index to ease to a level of 21.00.

Canadian CPI rose as expected in October

The consumer price index (CPI) climbed 1.40% on an annual basis in Canada, in October, compared to a rise of 1.60% in the previous month. Market expectation was for the CPI to advance 1.40%.

Canadian CPI advanced as expected in October

On a monthly basis, the CPI in Canada advanced 0.10% in October, compared to an advance of 0.20% in the previous month. Markets were expecting the CPI to climb 0.10%.

Canadian CPI advanced in October

The seasonally adjusted CPI in Canada registered a rise of 0.10% in October on a MoM basis. CPI had climbed 0.20% in the previous month.

Japanese exports advanced less than expected in October

On a YoY basis, in October, exports climbed 14.00% in Japan, less than market expectations for a rise of 15.70%. Exports had advanced 14.10% in the prior month.

Japanese merchandise (total) trade surplus dropped in October

Japan has posted merchandise (total) trade surplus of ¥285.40 billion in October, following a merchandise (total) trade surplus of ¥670.20 billion in the previous month. Markets were expecting the nation to register a merchandise (total) trade surplus of ¥330.00 billion.

Japanese imports advanced less than expected in October

In October, imports in Japan advanced 18.90% on a YoY basis, compared to an advance of 12.00% in the prior month. Market expectation was for imports to climb 20.20%.

Chinese house price index advanced in October

On an annual basis, the house price index recorded a rise of 5.40% in October, in China. The house price index had registered a rise of 6.30% in the prior month.

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