Global Economic Update

10:39, 27 December

Global Economic Update

  • In the UK, the final gross domestic product (GDP) rose more-than-expected 1.70% on a YoY basis in 3Q 2017, compared to a rise of 1.50% in the previous quarter.
  • In Germany, the consumer confidence index advanced surprisingly to 10.80 in January, compared to a level of 10.70 in December. • In France, the final gross domestic product (GDP) increased higher-than-expected 2.30% on a YoY basis in 3Q 2017, compared to an advance of 1.80% in the last quarter.
  • In Italy, the consumer confidence index rose to 116.60 in December, compared to a revised level of 114.40 in November.
  • In the US, the core personal consumption expenditure advanced 0.10% on a MoM basis in November, compared to a rise of 0.20% in the previous month. The S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas rose more-than-expected 6.38% on an YoY basis in October, compared to a rise of 6.16% in the previous month. The Dallas Fed manufacturing business index advanced higher-than-expected to a level of 29.70 in December, compared to a level of 19.40 in November.
  • In Japan, the final leading economic index increased to 106.50 in October, compared to a level of 106.40 in the prior month. The national consumer price index (CPI) rose more-than-expected 0.60% on a YoY basis in November, compared to an increase of 0.20% in October. The unemployment rate fell surprisingly to 2.70% in November, compared to a reading of 2.80% in the previous month. The household spending jumped unexpectedly 1.70% on a YoY basis in November. The job to applicant ratio advanced at-par to a level of 1.56 in November, compared to a level of 1.55 in October. The final coincident index jumped to 116.40 in October, compared to a reading of 116.20 in the previous month.