The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing production dropped more than expected in August
Manufacturing production in the UK dropped 0.80% in August on a YoY basis, higher than market expectations for a fall of 0.20%. In the previous month, manufacturing production had recorded a revised drop of 1.20%.
UK industrial production rose more than expected in August
In August, industrial production advanced 1.90% on a YoY basis in the UK, compared to a revised advance of 0.70% in the previous month. Market anticipation was for industrial production to rise 1.20%.
UK industrial production rose more than expected in August
In the UK, industrial production climbed 1.00% in August on a MoM basis, more than market expectations for a rise of 0.30%. Industrial production had fallen by a revised 0.30% in the prior month.
UK NIESR estimated GDP recorded a rise in the July-September 2015 period
On a monthly basis, NIESR estimated GDP climbed 0.50% in the UK, in the July-September 2015 period. NIESR estimated GDP had registered a similar rise in the June-August 2015 period.
UK house price balance declined unexpectedly in September
In September, house price balance in the UK eased unexpectedly to a level of 44.00, lower than market expectations of a rise to 55.00. In the prior month, house price balance had registered a level of 53.00.
UK manufacturing production rose more than expected in August
On a monthly basis in the UK, manufacturing production advanced 0.50% in August, more than market expectations for an advance of 0.30%. In the previous month, manufacturing production had recorded a revised drop of 0.70%.
German industrial production recorded an unexpected drop in August
On a MoM basis, the seasonally adjusted industrial production unexpectedly dropped 1.20% in Germany, in August, compared to a revised advance of 1.20% in the prior month. Market anticipation was for industrial production to climb 0.20%.
German industrial production rose less than expected in August
The non-seasonally & working day adjusted industrial production rose 2.30% in Germany, on an annual basis in August, less than market expectations for a rise of 3.30%. In the prior month, industrial production had climbed by a revised 0.80%.
French trade deficit fell in August
France has posted trade deficit of €2.97 billion in August, from a revised trade deficit of €3.16 billion in the previous month. Market expectation was for a trade deficit of €3.25 billion.
French imports registered a drop in August
Imports in France dropped to €40.67 billion in August, compared to a revised level of €42.02 billion in the previous month.
French exports dropped in August
In August, exports in France recorded a drop to €37.69 billion, compared to a revised reading of €38.86 billion in the previous month.
Spanish calendar adjusted industrial output advanced less than expected in August
In August, the calendar adjusted industrial output registered a rise of 2.70% in Spain on a YoY basis, lower than market expectations for a rise of 4.70%. In the previous month, the calendar adjusted industrial output had advanced 5.20%.
Swiss foreign currency reserves recorded a rise in September
The Swiss National Bank has reported that foreign currency reserves advanced to CHF 541.50 billion in September, in Switzerland. Foreign currency reserves had registered a revised level of CHF 540.00 billion in the previous month.
US consumer credit rose less than expected in August
Consumer credit advanced $16.02 billion in the US in August, less than market expectations for an advance of $17.75 billion. Consumer credit had advanced by a revised $18.94 billion in the prior month.
US mortgage applications registered a rise in the last week
Mortgage applications climbed 25.50% on a weekly basis, in the week ended 02 October 2015, in the US. In the prior week, mortgage applications had registered a drop of 6.70%.
Canadian building permits unexpectedly eased in August
In Canada, building permits registered an unexpected drop of 3.70% in August, on a MoM basis, lower than market expectations for a rise of 0.30%. In the prior month, building permits had advanced by a revised 0.70%.
Japanese machinery orders surprisingly fell in August
In August, machinery orders in Japan registered an unexpected drop of 5.70% on a monthly basis, compared to a drop of 3.60% in the prior month. Markets were expecting machinery orders to rise 3.00%.
Japanese machinery orders unexpectedly slid in August
On a YoY basis, machinery orders recorded an unexpected drop of 3.50% in Japan, in August, compared to a rise of 2.80% in the prior month. Market anticipation was for machinery orders to climb 3.50%.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors remained net buyers of ¥612.20 billion worth of foreign stocks in the week ended 02 October 2015, as compared to being net buyers of ¥13.60 billion worth of foreign stocks in the prior week.
Japanese leading economic index recorded a drop in August
The preliminary leading economic index dropped to 103.50 in August, in Japan, compared to a reading of 105.00 in the previous month. Markets were anticipating the leading economic index to fall to 103.40.
Japanese adjusted total current account surplus expanded in August
Adjusted total current account surplus in Japan rose to ¥1590.10 billion in August, more than market expectations of an adjusted total current account surplus of ¥1291.10 billion. Japan had reported an adjusted total current account surplus of ¥1321.80 billion in the prior month.
Japanese (BOP basis) trade deficit expanded in August
Japan’s trade deficit (BOP basis) expanded to ¥326.10 billion in August. Japan had posted a trade deficit (BOP basis) of ¥108.00 billion in the prior month.
Foreign investors remained net sellers of Japanese stocks in the previous week
Foreign investors remained net sellers of ¥177.30 billion worth of Japanese stocks in the week ended 02 October 2015, as compared to being net sellers of a revised ¥192.20 billion worth of Japanese stocks in the prior week.
Japanese investors turned net sellers of foreign bonds in the previous week
Japanese investors turned net sellers of ¥1261.50 billion worth of foreign bonds in the week ended 02 October 2015, as compared to being net buyers of a revised ¥1037.80 billion worth of foreign bonds in the prior week.
Japanese average office vacancies in Tokyo advanced in September
Average office vacancies in Tokyo climbed 4.53% on a monthly basis, in September, in Japan. Average office vacancies in Tokyo had registered a rise of 4.72% in the previous month.
Japanese current account surplus fell in August
In August, the non-seasonally adjusted current account surplus in Japan dropped to ¥1653.10 billion, from a current account surplus of ¥1808.60 billion in the previous month. Market expectation was for the nation to register a current account surplus of ¥1226.90 billion.
Japanese coincident index declined in August
In Japan, the preliminary coincident index dropped to 112.50 in August, compared to a level of 113.10 in the previous month. Market anticipation was for the coincident index to fall to 112.30.
Foreign investors turned net buyers of Japanese bonds in the previous week
Foreign investors turned net buyers of ¥30.30 billion worth of Japanese bonds in the week ended 02 October 2015, as compared to being net sellers of ¥1077.00 billion worth of Japanese bonds in the previous week.
Japanese corporate bankruptcies fell in September
In September, on a YoY basis, corporate bankruptcies slid 18.62% in Japan. Corporate bankruptcies had fallen 13.06% in the previous month.
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