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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
US housing starts dropped in December
Housing starts in the US eased 8.20%, on MoM basis, to an annual rate of 1192.00 K in December, compared to a revised reading of 1299.00 K in the prior month. Market expectation was for housing starts to drop to a level of 1275.00 K.
US Philadelphia Fed manufacturing index eased in January
Philadelphia Fed manufacturing index eased to 22.20 in the US, in January, lower than market expectations of a fall to a level of 25.00. In the prior month, Philadelphia Fed manufacturing index had recorded a reading of 26.20.
US building permits dropped in December
Building permits eased 0.10%, on MoM basis, to an annual rate of 1302.00 K in December, in the US, compared to market expectations of 1295.00 K. Building permits had recorded a revised level of 1303.00 K in the prior month.
US continuing jobless claims climbed in the last week
In the US, the seasonally adjusted continuing jobless claims advanced to 1952.00 K in the week ended 06 January 2018, compared to market expectations of a rise to 1900.00 K. In the prior week, continuing jobless claims had registered a revised reading of 1876.00 K.
US initial jobless claims declined in the last week
In the US, the seasonally adjusted initial jobless claims eased to 220.00 K in the week ended 13 January 2018, compared to market expectations of a fall to a level of 249.00 K. Initial jobless claims had recorded a reading of 261.00 K in the prior week.
Japanese industrial production rose in November
On a YoY basis, the final industrial production in Japan advanced 3.60% in November. Industrial production had recorded a rise of 5.90% in the prior month. The preliminary figures had indicated a rise of 3.70%.
Japanese industrial production advanced in November
On a monthly basis, the final industrial production climbed 0.50% in Japan, in November. Industrial production had registered a similar rise in the previous month. The preliminary figures had recorded an advance of 0.60%.
Japanese capacity utilisation remained unchanged in November
Capacity utilisation remained steady on a MoM basis in Japan, in November. In the prior month, capacity utilisation had recorded a rise of 0.20%.
Chinese GDP advanced more than expected in 4Q 2017
Gross domestic product (GDP) climbed 6.80% on a YoY basis in China, in 4Q 2017, compared to a similar rise in the prior quarter. Markets were anticipating GDP to climb 6.70%.
Chinese GDP advanced less than expected in 4Q 2017
In 4Q 2017, GDP registered a rise of 1.60% in China on a QoQ basis, compared to a revised rise of 1.80% in the prior quarter. Markets were anticipating GDP to advance 1.70%.
Chinese fixed assets investment excl. rural YTD rose more than expected in December
Fixed assets investment excl. rural YTD rose 7.20% in China on a YoY basis in December, compared to a similar rise in the prior month. Markets were anticipating fixed assets investment excl. rural YTD to advance 7.10%.
Chinese industrial production rose more than expected in December
On a YoY basis in China, industrial production advanced 6.20% in December, more than market expectations for a rise of 6.10%. Industrial production had climbed 6.10% in the previous month.
Chinese retail sales advanced less than expected in December
In China, retail sales recorded a rise of 9.40% in December on a YoY basis, compared to an advance of 10.20% in the prior month. Market expectation was for retail sales to rise 10.20.
Chinese retail sales (YTD) rose less than expected in December
In December, retail sales (YTD) climbed 10.20% on a YoY basis in China, compared to an advance of 10.30% in the prior month. Markets were anticipating retail sales (YTD) to climb 10.30%.
Chinese industrial production (YTD) advanced as expected in December
On a YoY basis, industrial production (YTD) registered a rise of 6.60% in China, in December, in line with market expectations. Industrial production (YTD) had registered a similar rise in the prior month.
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