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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales fell more than expected in September
On a MoM basis in the UK, retail sales recorded a drop of 0.70% in September, compared to a revised advance of 0.90% in the previous month. Markets were anticipating retail sales to ease 0.20%.
UK retail sales advanced less than expected in September
On a YoY basis in the UK, retail sales registered a rise of 1.20% in September, lower than market expectations for a rise of 2.10%. In the prior month, retail sales had advanced by a revised 2.30%.
UK retail sales ex-fuel dropped more than expected in September
In September, retail sales ex-fuel in the UK dropped 0.80% on a MoM basis, compared to a revised rise of 0.90% in the previous month. Markets were anticipating retail sales ex-fuel to ease 0.10%.
Swiss exports fell in September
Exports recorded a drop of 0.90% on a MoM basis in Switzerland, in September. In the previous month, exports had registered a revised rise of 3.40%.
Swiss trade surplus rose in September
In September, trade surplus in Switzerland expanded to CHF 2.92 billion, compared to a revised trade surplus of CHF 2.20 billion in the prior month.
Swiss imports fell in September
Imports in Switzerland slid 3.20% in September on a MoM basis. Imports had advanced by a revised 3.30% in the previous month.
US initial jobless claims declined in the last week
In the week ended 14 October 2017, the seasonally adjusted initial jobless claims registered a drop to 222.00 K in the US, lower than market expectations of a drop to 240.00 K. In the previous week, initial jobless claims had recorded a revised reading of 244.00 K.
US continuing jobless claims eased in the last week
In the week ended 07 October 2017, the seasonally adjusted continuing jobless claims in the US dropped to 1888.00 K, compared to a revised level of 1904.00 K in the previous week. Market expectation was for continuing jobless claims to ease to 1890.00 K.
US leading indicator unexpectedly eased in September
Leading indicator in the US unexpectedly dropped 0.20% on a monthly basis in September, less than market expectations for an advance of 0.10%. In the prior month, leading indicator had advanced 0.40%.
US Philadelphia Fed manufacturing index surprisingly rose in October
Philadelphia Fed manufacturing index climbed unexpectedly to a level of 27.90 in October, in the US, compared to a level of 23.80 in the prior month. Markets were expecting Philadelphia Fed manufacturing index to drop to a level of 22.00.
Japanese machine tool orders rose in September
In Japan, the final machine tool orders recorded a rise of 45.00% on a YoY basis, in September. Machine tool orders had climbed 36.20% in the prior month. The preliminary figures had recorded an advance of 45.30%.
Japanese all industry activity index rose less than expected in August
On a MoM basis, the all industry activity index climbed 0.10% in August, in Japan, lower than market expectations for an advance of 0.20%. The all industry activity index had fallen 0.10% in the prior month.
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