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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
French industrial production rose more than expected in November
In November, industrial production in France advanced 2.20% on a MoM basis, higher than market expectations for a rise of 0.60%. Industrial production had registered a revised drop of 0.10% in the previous month.
French manufacturing production advanced more than expected in November
On a MoM basis, in November, manufacturing production registered a rise of 2.30% in France, compared to a drop of 0.60% in the previous month. Markets were expecting manufacturing production to climb 0.70%.
Swiss unemployment rate advanced in December
The non-seasonally adjusted unemployment rate in Switzerland rose to a level of 3.50% in December, meeting market expectations. Unemployment rate had recorded a reading of 3.30% in the prior month.
Swiss unemployment rate remained flat in December
The seasonally adjusted unemployment rate remained unchanged at a level of 3.30% in December, in Switzerland. Market anticipation was for unemployment rate to record a flat reading.
US Redbook index eased in the last week
On a monthly basis, the seasonally adjusted Redbook index in the US dropped 3.10% in the week ended 06 January 2017. The Redbook index had recorded a rise of 1.00% in the previous week.
US wholesale inventories rose more than expected in November
On a MoM basis, in November, the seasonally adjusted final wholesale inventories rose 1.00% in the US, higher than market expectations for a rise of 0.90%. The preliminary figures had indicated an advance of 0.90%. The wholesale inventories had dropped by a revised 0.10% in the prior month.
US JOLTs job openings advanced in November
JOLTs job openings in the US registered a rise to 5522.00 K in November, higher than market expectations of a rise to a level of 5500.00 K. JOLTs job openings had recorded a revised reading of 5451.00 K in the prior month.
US Redbook index recorded a rise in the last week
On a YoY basis, the Redbook index rose 0.90% in the US, in the week ended 06 January 2017. The Redbook index had advanced 2.40% in the previous week.
US small business optimism index climbed in December
The small business optimism index registered a rise to 105.80 in December, in the US, compared to market expectations of an advance to a level of 99.50. The small business optimism index had recorded a reading of 98.40 in the previous month.
Canadian housing starts registered a rise in December
The seasonally adjusted housing starts in Canada climbed to 207.00 K in December, higher than market expectations of an advance to 190.00 K. In the previous month, housing starts had recorded a revised level of 187.30 K.
Canadian building permits fell less than expected in November
In Canada, building permits slid 0.10% on a MoM basis in November, lower than market expectations for a fall of 6.00%. Building permits had climbed by a revised 10.50% in the previous month.
Japanese foreign exchange reserves dropped in December
Foreign exchange reserves recorded a drop to $1216.90 billion in December, in Japan, compared to a reading of $1219.30 billion in the previous month.
Japanese consumer confidence index climbed in December
The consumer confidence index climbed to 43.10 in Japan, in December, higher than market expectations of an advance to 41.40. The consumer confidence index had registered a reading of 40.90 in the prior month.
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