The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German import price index rose more than expected in September
On a MoM basis, the import price index in Germany recorded a rise of 0.90% in September, higher than market expectations for an advance of 0.50%. The import price index had recorded an unchanged reading in the previous month.
German import price index advanced more than expected in September
The import price index in Germany climbed 3.00% on an annual basis in September, higher than market expectations for a rise of 2.60%. In the previous month, the import price index had advanced 2.10%.
French consumer confidence unexpectedly slid in October
Consumer confidence unexpectedly dropped to 100.00 in France, in October, compared to market expectations of a steady reading. In the previous month, consumer confidence had registered a reading of 101.00.
Spanish retail sales rose more than expected in September
In September, on an annual basis, retail sales registered a rise of 2.10% in Spain, compared to a revised advance of 1.70% in the previous month. Markets were anticipating retail sales to climb 1.90%.
US Reuters/Michigan consumer sentiment index advanced in October
The final Reuters/Michigan consumer sentiment index recorded a rise to 100.70 in October, in the US, compared to a reading of 95.10 in the previous month. Markets were anticipating the Reuters/Michigan consumer sentiment index to rise to a level of 100.70. The preliminary figures had indicated a rise to 98.00.
US annualised GDP advanced more than expected in 3Q 2017
In 3Q 2017, on a quarterly basis, the preliminary annualised gross domestic product registered a rise of 3.00% in the US, more than market expectations for a rise of 2.60%. In the previous quarter, the annualised GDP had risen 3.10%.
US core personal consumption expenditure rose as expected in 3Q 2017
On a QoQ basis, in 3Q 2017, the flash core personal consumption expenditure advanced 1.30% in the US, compared to an advance of 0.90% in the previous quarter. Markets were anticipating core personal consumption expenditure to climb 1.30%.
US GDP price index rose more than expected in 3Q 2017
In the US, the flash gross domestic product price (GDP) index rose 2.20% on a quarterly basis in 3Q 2017, more than market expectations for an advance of 1.70%. In the previous quarter, the GDP price index had risen 1.00%.
US personal consumption advanced more than expected in 3Q 2017
The preliminary personal consumption registered a rise of 2.40% in the US, on a QoQ basis in 3Q 2017, more than market expectations for an advance of 2.10%. In the previous quarter, personal consumption had advanced 3.30%.
Japanese retail trade advanced less than expected in September
Retail trade in Japan registered a rise of 2.20% on a YoY basis in September, compared to an advance of 1.70% in the prior month. Markets were expecting retail trade to climb 2.30%.
Japanese retail trade rose as expected in September
On a monthly basis, in Japan, retail trade climbed 0.80% in September, in line with market expectations. Retail trade had registered a drop of 1.70% in the prior month.
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