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Global Economic Update

09:34, 14 décembre

Global Economic Update

  • In the UK, the number of unemployment benefits claimants rose 5.90 K in November, compared to a revised increase of 6.50 K in October. The average earnings excluding bonus increased 2.30% on a YoY basis in the August-October 2017 period, compared to an advance of 2.20% in the July-September 2017 period. The house price balance slipped to a level of 0.00% in November, compared a level of 1.00 % in the previous month. The ILO unemployment rate remained unchanged at 4.30% in the August-October 2017 period.
  • In the Eurozone, the working day adjusted industrial production jumped 3.70% on a YoY basis in October, compared to a revised increase of 3.40% in September. In Germany, the final harmonised consumer price index rose 1.80% on a YoY basis in November, compared to an advance of 1.50% in October.
  • The US Federal Reserve, at its latest monetary policy meeting, raised its benchmark interest rates by 0.25% to 1.50%. Meanwhile, the central bank upgraded its growth forecast for the US economy, as officials expect a modest boost to the economy from the Trump administration’s proposed tax cuts. The consumer price index advanced 2.20% on a YoY basis in November, compared to an increase of 2.00% in the prior month. The mortgage applications slid 2.30% on a weekly basis in the week ended 08 December 2017, compared to an increase of 4.70% in the last week.
  • In Japan, the preliminary manufacturing PMI rose to 54.20 in December, compared to a level of 53.60 in the last month.
  • In China, industrial production jumped 6.10% on a YoY basis in November, compared to a rise of 6.20% in the previous month. The retail sales climbed 10.20% on a YoY basis in November, compared to an increase of 10.00% in the last month.
  • In Australia, the number of people employed increased more-than-expected 61.60 K in November, compared to a level of 3.70 K in the previous month.