Daily Review – Monday 31-Oct-2016

Daily Review – Monday 31-Oct-2016

US – Advance GDP q/q

The US economy grew 2.9% during Q3 compared to a revised 1.4% in Q2. The largest quarterly increase we’ve seen in the last 2 years.

Main drivers for this growth were the buildup of inventories and the increase in soybean exports.

 

US – Advance GDP Price Index q/q

The GDP Price Index, the broadest measure of US inflation, increased 1.5% compared to 2.3% in Q2.

 

US – Employment Cost Index q/q

The US Bureau of Labor Statistics reported that the compensation costs for civilian workers increased 0.6% for Q3.

This is the fifth and consecutive quarter that a 0.6% increase was shown.

 


US – Revised UoM Consumer Sentiment

The University of Michigan reported that its final index of consumer sentiment fell to 87.2 from 91.2 in September. This was the lowest score since 2014.

 


UK – GfK Consumer Confidence

According to the latest survey by GfK, consumer confidence was down in October to -3.

The consumer confidence index has been reporting negative numbers this whole year reaching its lowest point post-Brexit in July with -12.

 

EU – German Prelim CPI m/m

German consumer prices rose 0.2% in October compared to 0.1% in September.

 

EU – French Prelim GDP q/q

The French GDP managed to recover from its 0.1% decline in Q2 and showed a growth of 0.2% in Q3.

 


EU – French Consumer Spending m/m

September household spending on goods declined slightly -0.2% after seeing an 0.8% increase in August.

 


EU – French Prelim CPI m/m
Preliminary numbers of the French CPI showed that October prices remain unchanged at 0.0% compared to September, which saw a decline of -0.2%.

 

EU – Spanish Flash GDP q/q

The Gross Domestic Product generated by the Spanish economy showed an 0.7% increase in Q3 compared to Q2 (0.8%).



 

 

EU – Spanish Flash CPI y/y

Consumer prices in Spain are up 0.7% in October compared to the same month last year.

 

 

Japan – Household Spending y/y

Household spending in Japan continues to decline and September showed a decrease of 2.1% following 4.6% in August.

Japanese consumers have decreased their consumption 11 out of the past 12 months.

 


Japan – Tokyo Core CPI y/y

Consumer prices in Japan’s capital and most populated city declined 0.4% in September compared to last year.

 


Australia – HIA New Home Sales m/m

The Housing Industry Association (HIA) reported that its monthly survey that new home sales rose 2.7% in October, following a 6.1% gain in September.

 


Australia – PPI q/q

The producer price index for Australia rose 0.3% in Q3 compared to a 0.1% increase in Q2.

 

 

Upcoming Data Releases

Monday 31 October is the last day of the month and we will lots of retail figures and CPI numbers being released.

 

Daily Review - Tuesday 01-Nov-2016 Daily Review - Friday 28-Oct-2016