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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 rose in September
In the UK, number of unemployment benefits claimants advanced by 1.70 K in September, compared to a revised loss of 0.20 K in the previous month.
UK average earnings including bonus advanced more than expected in the June-August 2017 period
In the June-August 2017 period, the average earnings including bonus recorded a rise of 2.20% on an annual basis in the UK, compared to a revised similar rise in the May-July 2017 period. Markets were anticipating the average earnings including bonus to climb 2.10%.
UK claimant count rate remained flat in September
The claimant count rate remained unchanged at a level of 2.30% in the UK, in September.
Employment in the UK increased in the June-August 2017 period
Employment recorded an increase of 94.00 K in the UK, in the June-August 2017 period, lower than market expectations of an advance of 148.00 K. Employment had registered an increase of 181.00 K in the May-July 2017 period.
UK ILO unemployment rate remained steady in the June-August 2017 period
In the June-August 2017 period, the ILO unemployment rate remained steady at a level of 4.30% in the UK, in line with market expectations.
UK average earnings excluding bonus rose more than expected in the June-August 2017 period
On a YoY basis, the average earnings excluding bonus in the UK advanced 2.10% in the June-August 2017 period, more than market expectations for a rise of 2.00%. In the May-July 2017 period, the average earnings excluding bonus had registered a revised rise of 2.20%.
Euro-zone construction output declined in August
On a monthly basis, the seasonally adjusted construction output dropped 0.20% in the Euro-zone, in August. Construction output had recorded a revised unchanged reading in the previous month.
Fed’s Beige Book: Economic activity expanded despite hurricanes, few signs of an uptick in inflation
The pace of growth in the US economy was “split between moderate and modest” across all twelve districts in September through early October, despite the impact of hurricanes on some regions. However, majority of the US districts reported “widespread” labour shortages along with only modest to moderate wage pressures and few signs of an uptick in inflation.
US building permits dropped in September
In the US, building permits recorded a drop of 4.50%, on monthly basis, to an annual rate of 1215.00 K in September, compared to market expectations of 1245.00 K. In the prior month, building permits had recorded a revised level of 1272.00 K.
US housing starts slid in September
Housing starts registered a drop of 4.70%, on MoM basis, to an annual rate of 1127.00 K in the US, in September, lower than market expectations of 1175.00 K. Housing starts had recorded a revised reading of 1183.00 K in the prior month.
US mortgage applications climbed in the last week
Mortgage applications in the US registered a rise of 3.60% in the week ended 13 October 2017 on a weekly basis. Mortgage applications had fallen 2.10% in the previous week.
Canadian manufacturing shipments unexpectedly advanced in August
In August, manufacturing shipments unexpectedly climbed 1.60% in Canada on a MoM basis, more than market expectations for a drop of 0.30%. Manufacturing shipments had dropped 2.60% in the previous month.
Japanese merchandise (total) trade surplus widened in September
Merchandise (total) trade surplus in Japan rose to ¥670.20 billion in September, compared to market expectations of a merchandise (total) trade surplus of ¥556.80 billion. Japan had registered a merchandise (total) trade surplus of ¥113.60 billion in the previous month.
Foreign investors became net buyers of Japanese stocks in the previous week
Foreign investors were net buyers of ¥840.70 billion worth of Japanese stocks in the week ended 13 October 2017, from being net buyers of ¥1235.30 billion worth of Japanese stocks in the prior week.
Japanese adjusted merchandise trade surplus slid in September
Adjusted merchandise trade surplus in Japan narrowed to ¥240.30 billion in September, compared to a revised adjusted merchandise trade surplus of ¥308.30 billion in the previous month. Market anticipation was for the nation to record an adjusted merchandise trade surplus of ¥309.20 billion.
Japanese investors became net buyers of foreign bonds in the previous week
Japanese investors were net buyers of ¥269.70 billion worth of foreign bonds in the week ended 13 October 2017, as compared to being net buyers of a revised ¥93.70 billion worth of foreign bonds in the prior week.
Japanese exports advanced less than expected in September
Exports in Japan climbed 14.10% in September on a YoY basis, less than market expectations for a rise of 15.00%. In the prior month, exports had climbed 18.10%.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥153.70 billion worth of foreign stocks in the week ended 13 October 2017, as compared to being net buyers of a revised ¥371.70 billion worth of foreign stocks in the previous week.
Japanese imports rose less than expected in September
In Japan, imports climbed 12.00% in September on an annual basis, less than market expectations for a rise of 14.70%. In the previous month, imports had registered a rise of 15.20%.
Foreign investors became net buyers of Japanese bonds in the previous week
Foreign investors were net buyers of ¥207.60 billion worth of Japanese bonds in the week ended 13 October 2017, from being net buyers of a revised ¥99.50 billion worth of Japanese bonds in the previous week.
Chinese industrial production (YTD) rose as expected in September
In September, on a YoY basis, industrial production (YTD) in China climbed 6.70%, at par with market expectations. Industrial production (YTD) had registered a similar rise in the previous month.
Chinese retail sales (YTD) rose more than expected in September
In September, retail sales (YTD) climbed 10.40% in China on an annual basis, more than market expectations for an advance of 10.30%. In the previous month, retail sales (YTD) had registered a similar rise.
Chinese industrial production rose more than expected in September
In September, on a YoY basis, industrial production in China advanced 6.60%, more than market expectations for a rise of 6.50%. Industrial production had climbed 6.00% in the previous month.
Chinese GDP advanced as expected in 3Q 2017
In 3Q 2017, on a YoY basis, gross domestic product (GDP) in China rose 6.80%, compared to an advance of 6.90% in the previous quarter. Markets were anticipating GDP to advance 6.80%.
Chinese fixed assets investment excl. rural YTD rose less than expected in September
On an annual basis, fixed assets investment excl. rural YTD in China registered a rise of 7.50% in September, less than market expectations for a rise of 7.70%. Fixed assets investment excl. rural YTD had climbed 7.80% in the prior month.
Chinese retail sales rose more than expected in September
On an annual basis, in September, retail sales advanced 10.30% in China, compared to a rise of 10.10% in the previous month. Markets were anticipating retail sales to rise 10.20%.
Chinese GDP advanced less than expected in 3Q 2017
GDP recorded a rise of 1.70% in China on a quarterly basis in 3Q 2017, less than market expectations for an advance of 1.80%. GDP had registered a similar rise in the prior quarter.
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