In U.S. economic news, housing starts for the month of January registered at 1,326,000, above consensus estimates of 1,240,000, and above the upwardly revised prior month’s reading of 1,209,000. Elsewhere, U.K. retail sales rose 0.1% month-on-month during January, coming in lower than the expected 0.5% rise, and reversing course from the 1.4% drop in the prior month. Finally, China’s new loans for January registered CNY 2,900.00 billion, higher than the consensus estimates of CNY 2,000.00 billion.
The U.S. MBA mortgage applications index rose 0.7% for the week ended February 3rd, higher than the dip of 2.6% in the prior week. Elsewhere, the industrial output of France grew by 0.5% sequentially in December, positively reversing the 0.3% fall seen in November. Finally, Malaysia’s unemployment rate remained constant at 3.3% in December, the same rate that was reported in November.
In U.S. economic news, personal spending in December rose 0.4%, missing consensus estimates of 0.5% and below prior month’s 0.8% growth. Elsewhere, Eurozone producer price inflation increased 2.2% year-over-year for December, slowing from November’s 2.8% increase, and was lower than economists’ expectation of 2.3%. Finally, Australia’s producer prices rose 0.6% on-quarter in the fourth-quarter of 2017, higher than the 0.2% gain it witnessed in the prior-quarter.
In U.S. economic news, fourth-quarter GDP came in at 2.6%, below both the prior reading of 3.2%, and estimates of 2.9%. Elsewhere, Eurozone consumer confidence index more than doubled in January, to 1.3, over December’s 0.5. Japan’s producer prices rose 0.8% on-year during December, which was unchanged from the prior month and matched economists’ expectations.
In U.S. economic news, Philadelphia Fed Index for January read at 22.2, below the upwardly-revised prior-month’s reading of 27.9, and short of consensus estimates of 24.5. Elsewhere, Eurozone inflation slowed to 1.4% in December following November’s 1.5% record, and is in-line with economists’ estimates. Meanwhile, the gross domestic product for China during 2017 expanded for the first time in seven years, as the year-end figure reported by the National Bureau of Statistics came in at 6.9%.
In U.S. economic news, NFIB Small Business Optimism grew to 104.9 for December, higher than the 107.5 reported in November. The MBA Mortgage Index for the week ended January 6th came in at 8.3%, higher than the -2.8% contraction in the prior month.
In U.S. economic news the Case-Shiller Home Price Index registered 6.4% growth for October, beating both September’s growth of 6.2% and consensus estimates of 6.3%. The Consumer Confidence Index showed a December reading of 122.1, below both November’s downwardly revised figure of 128.6 and analysts’ estimates of 128.0.
In U.S. economic news, the MBA Mortgage Application Index for the week ended December 30th fell 2.8%, a smaller decline from the previous week’s 4.9% fall. The ISM non-manufacturing index for December recorded a reading of 55.9, lower than both November’s 57.4 and consensus estimates of 57.6.
In U.S. economic news, personal income for November was reported as an increase of 0.3%, just below prior-month and consensus estimates of a 0.4% gain. Personal spending in the same month increased by 0.6% above the downwardly-revised October growth of 0.2% and consensus estimates of 0.4% jump.
In U.S. economic news, CPI for the month of November was reported as a 0.4% growth, higher than the 0.1% gain seen in the prior month and matching economists’ estimates. November’s core CPI dipped slightly to a 0.1% rise, coming in slightly less than the prior month’s reading and economists’ estimates of a 0.2% jump.