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Monthly Data Insights October 2023
Consumer spending, according to NAB’s transaction data, declined by 1.3% m/m in October. Estimated spending in September was, however, revised up, now showing an increase of 1.3% m/m. Retail spending also declined in October, by -0.7% m/m overall. • Discretionary and non-discretionary spending fell in the month. Both categories remain higher in three-month average and year-on-year terms. • Business credits picked up 0.9% m/m in October, or 1.2% when excluding mining and agriculture. Comments from NAB Chief Economist Alan Oster • “Our monthly transaction data showed a fall in spending in October across a ... (full story)
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From ec.europa.eu|Nov 15, 2023In September 2023, the seasonally adjusted industrial production decreased by 1.1% in the euro area and by 0.9% in the EU, compared with August 2023, according to estimates from ...
From ec.europa.eu|Nov 15, 2023The first estimate for euro area exports of goods to the rest of the world in September 2023 was €235.8 billion, a decrease of 9.3% compared with September 2022 (€260.1 bn). ...
From ons.gov.uk|Nov 15, 2023Average UK house prices decreased by 0.1% in the 12 months to September 2023 (provisional estimate), down from an increase of 0.8% (revised estimate) in the 12 months to August ...
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From @financialjuice|Nov 15, 2023post:
EU COMMINSION: HIGH INFLATION, ECB INTEREST RATES AND WEAKER EXTERNAL DEMAND TOOK A HEAVIER TOOL ON EURO ZONE GROWTH THAN EXPECTED. post: EU COMMISSION CUTS 2023 EURO ZONE ECONOMIC GROWTH FORECAST TO 0.6% FROM 0.8% FORECAST IN SEPTEMBER. post: EU COMMISSION EXPECTS AGGRAGATED EURO ZONE PUBLIC DEBT TO EASE IN 2024 TO 89.7% OF GDP FROM 90.4% IN 2023, EASING TO 89.5% IN 2025. post: EU COMMISSION FORECASTS ITALY, FRANCE, BELGIUM, SLOVAKIA AND MALTA TO HAVE A BUDGET DEFICIT WELL ABOVE THE EU'S LIMIT OF 3% IN 2024 AND 2025. post: EU COMMISSION FORECASTS EURO ZONE INFLATION WILL FALL TO 3.2% IN 2024 AND TO 2.2% IN 2025.
From bnnbloomberg.ca|Nov 15, 2023Sagging badly in opinion polls, with voters angry about housing and inflation, Justin Trudeau is facing calls to leave, even from stalwarts of his own political party. The ...
From xm.com|Nov 15, 2023EURUSD skyrocketed yesterday after the US CPI release and added almost 200 pips, recording a new two-and-a-half-month high of 1.0886, but its rally seems to have temporarily ...
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- Posted: Nov 15, 2023 5:09am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,507
