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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Number of unemployment benefits claimants in the UK recorded an unexpected increase in September
Number of unemployment benefits claimants recorded an unexpected increase of 4.60 K in the UK, in September, following a gain of 1.20 K in the previous month. Markets were anticipating number of unemployment benefits claimants to fall 2.20 K.
UK average earnings including bonus rose as expected in the June-August 2015 period
On a YoY basis, the average earnings including bonus rose 3.00% in the June-August 2015 period, in the UK, compared to a rise of 2.90% in the May-July 2015 period. Market anticipation was for the average earnings including bonus to climb 3.00%.
Employment in the UK recorded an increase in the June-August 2015 period
Employment recorded an increase of 140.00 K in the UK, in the June-August 2015 period, meeting market expectations 140.00 K. Employment had recorded a gain of 42.00 K in the May-July 2015 period.
UK average earnings excluding bonus advanced less than expected in the June-August 2015 period
The average earnings excluding bonus advanced 2.80% on an annual basis in the UK, in the June-August 2015 period, compared to an advance of 2.90% in the May-July 2015 period. Market anticipation was for the average earnings excluding bonus to rise 3.10%.
UK ILO unemployment rate declined unexpectedly in the June-August 2015 period
In the June-August 2015 period, the ILO unemployment rate in the UK fell unexpectedly to 5.40%, lower than market expectations of a steady reading. In the May-July 2015 period, the ILO unemployment rate had recorded a level of 5.50%.
UK claimant count rate steadied in September
The claimant count rate remained steady at 2.30% in the UK, in September, in line with market expectations.
Euro-zone industrial production fell as expected in August
The seasonally adjusted industrial production recorded a drop of 0.50% on a monthly basis in the Euro-zone, in August, compared to a revised rise of 0.80% in the prior month. Market expectation was for industrial production to drop 0.50%.
French consumer price index (ex-tobacco) fell in September
The consumer price index (ex-tobacco) fell 0.40% on a MoM basis in France, in September. The consumer price index (ex-tobacco) had advanced 0.30% in the prior month.
French EU normalised consumer price index dropped as expected in September
On a MoM basis, in France, EU normalised consumer price index eased 0.40% in September, compared to an advance of 0.40% in the previous month. Markets were anticipating EU normalised consumer price index to ease 0.40%.
Italian consumer price index fell more than expected in September
In Italy, the final consumer price index dropped 0.40% in September on a monthly basis, higher than market expectations for a drop of 0.30%. The preliminary figures had indicated a drop of 0.30%. In the prior month, the consumer price index had advanced 0.20%.
Italian EU normalised consumer price index advanced as expected in September
In September, the final EU normalised consumer price index advanced 1.60% on a monthly basis in Italy, in line with market expectations. The EU normalised consumer price index had registered a drop of 0.10% in the previous month. The preliminary figures had also indicated an advance of 1.60%.
Spanish consumer price index dropped as expected in September
On an annual basis, in September, the final consumer price index dropped 0.90% in Spain, compared to a drop of 0.40% in the prior month. Markets were expecting the consumer price index to drop 0.90%. The preliminary figures had also recorded a drop of 0.90%.
Spanish consumer price index dropped as expected in September
In September, the final consumer price index registered a drop of 0.30% on a MoM basis in Spain, at par with market expectations. In the prior month, the consumer price index had registered a similar fall. The preliminary figures had also indicated a drop of 0.30%.
Spanish harmonised consumer price (HICP) index advanced as expected in September
On a monthly basis, the final harmonised consumer price (HICP) index climbed 0.40% in Spain, in September, in line with market expectations. The preliminary figures had also recorded a rise of 0.40%. The harmonised consumer price (HICP) index had fallen 0.40% in the prior month.
Spanish harmonised consumer price (HICP) index declined less than expected in September
On a YoY basis in September, the final harmonised consumer price (HICP) index fell 1.10% in Spain, less than market expectations for a drop of 1.20%. The preliminary figures had indicated a fall of 1.20%. The harmonised consumer price (HICP) index had dropped 0.50% in the prior month.
Swiss economic expectations index advanced in October
The economic expectations index rose to a level of 18.30 in October, in Switzerland. The economic expectations index had registered a level of 9.70 in the previous month.
Fed’s Beige Book revealed modest overall expansion continues
The US Fed stated in its Beige Book report that overall economic activity continued to expand modestly from mid-August through early October, with nine of the 12 Fed districts reporting moderate growth, compared with 11 in the previous report. The report indicated that the US dollar’s appreciation restrained manufacturing activity and tourism spending at many of the districts. Also, China, the world’s second-largest economy, continued to weigh on businesses during the same period.
US retail sales ex-autos declined more than expected in September
In the US, retail sales ex-autos eased 0.30% in September on a monthly basis, more than market expectations for a fall of 0.10%. In the prior month, retail sales ex-autos had fallen by a revised 0.10%.
US business inventories advanced more than expected in August
In August, business inventories recorded a rise of 6.87% in the US on a MoM basis, compared to a revised rise of 7.28% in the previous month. Market expectation was for business inventories to advance 0.10%.
US advance retail sales rose less than expected in September
In September, advance retail sales in the US climbed 0.10% on a monthly basis, compared to a revised flat reading in the previous month. Markets were anticipating advance retail sales to rise 0.20%.
US retail sales (ex-auto & gas) remained steady in September
In September, retail sales (ex-auto & gas) remained steady in the US on a monthly basis, less than market expectations for a rise of 0.30%. Retail sales (ex-auto & gas) had recorded a revised rise of 0.20% in the previous month.
US producer price (ex-food & energy) rose less than expected in September
In the US, producer price (ex-food & energy) rose 0.80% in September, on a YoY basis, lower than market expectations for a rise of 1.20%. In the previous month, producer price (ex-food & energy) had advanced 0.90%.
US producer price fell more than expected in September
Producer price in the US eased 0.50% in September on a MoM basis, higher than market expectations for a drop of 0.20%. Producer price had recorded a flat reading in the prior month.
US producer price (ex-food & energy) unexpectedly slid in September
In September on a monthly basis, producer price (ex-food & energy) in the US unexpectedly fell 0.30%, less than market expectations for an advance of 0.10%. In the previous month, producer price (ex-food & energy) had advanced 0.30%.
US mortgage applications registered a drop in the last week
On a weekly basis, mortgage applications in the US dropped 27.60% in the week ended 09 October 2015. Mortgage applications had registered a rise of 25.50% in the prior week.
US retail sales Control Group unexpectedly declined in September
In September, on a monthly basis, retail sales Control Group unexpectedly eased 0.10% in the US, compared to a revised advance of 0.20% in the prior month. Market expectation was for retail sales Control Group to climb 0.30%.
US producer price declined more than expected in September
On an annual basis, producer price recorded a drop of 1.10% in the US, in September, more than market expectations for a fall of 0.80%. Producer price had recorded a drop of 0.80% in the prior month.
Japanese Tokyo condominium sales fell in September
Tokyo condominium sales fell 27.20% in Japan on an annual basis, in September. Tokyo condominium sales had recorded a rise of 23.70% in the prior month.
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