US – Goods Trade Balance
The US October trade in goods resulted in a higher deficit of $62B, compared to an upwardly revised -56.5B deficit in September.
This broke a four-month steady decline in the deficit from June – September.
US – Prelim Wholesale Inventories m/m
The preliminary whole inventories decreased by 0.4% in October, after seeing a small 0.2% increase in the month before.
US – Flash Services PMI
Initial flash PMI numbers for the US came in just a tick lower at 54.7 for November, compared to 54.8 in October.
However, the past two months have seen the highest readings over the past 12 months.
UK – Second Estimate GDP q/q
The second UK GDP estimate for Q3 resulted in the same growth rate as its preliminary reading at 0.5%.
This is the 15th consecutive quarter of positive growth since Q1’13.
UK – Prelim Business Investment q/q
Preliminary growth of UK business investments, officially called Gross Fixed Capital Formation (GFCF), for Q3 were estimated at 0.9%, compared to Q2 which was revised upwardly to 1.0%.
On an annual basis Q3’16 grew 1.2% compared to Q3’15.
UK – Index of Services 3m/3m
The UK index of services increased by 0.8% in Q3, the same growth level as in Q2 this year.
UK – CBI Realized Sales
Realized sales for retailers in the UK grew to a score of 26 in November, compared to October which saw a reading of 21.
The November reading was the highest over the past 12-months.
EU – Italian Retail Sales m/m
The Italian retail sales is on its third consecutive month of decline with a decrease of 0.6% in September.
Consumer spending remains low as uncertainty still persists over the outcome of the Italian constitutional referendum to be held on December 14.
Japan – Tokyo Core CPI y/y
The core inflation, consumer prices excluding fresh food, for Tokyo dropped 0.4% in October, identical to the previous month.
Japan – National Core CPI y/y
Similar to the Tokyo reading, the national core inflation also dropped 0.4% in October, coming from a -0.5% drop in September.
Japan – SPPI y/y
The Japanese services producer price index for November rose 0.5% compared to last year.
Looking at the monthly readings the index is now on a three consecutive month rise.
Japan – BOJ Core CPI y/y
The Bank of Japan’s own CPI report showed an inflation rate of 0.3% in October compared to a year ago, an improvement of 0.1% from the 0.2% in September.
New Zealand – Trade Balance
The October trade balance for New Zealand showed a deficit of 846M, a substantially 548M lower than the 1,394M in September.
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