PMI and CPI Flash Estimate

hi,

In this post I would like present special to you an important economic data that have been published between October 31 and November 1, which certainly will be invoked by Mario Draghi at a conference this coming Thursday.

German Retail Sales in September m/m: actual: -0.4%; forecast: +0.5%; previous: -0.2% (revised from 

+0.5%);

German Import Prices m/m: actual: 0.0%; forecast: +0.2%; previous: 0.1%;

French Consumer Spending m/m: actual: -0.1%; forecast: +0.2%; previous: -0.3% (revised from -0.4%);

HICP - CPI Flash Estimate y/y:  actual: +0.7%; forecast: +1.1%; previous: +1.1;

The unemployment rate in Italy: actual 12.5%, Consensus: 12.4%, previously 12.4% (revised from 12.2%);

The unemployment rate in Euro Zone: actual 12.2%, forecast: 12.0%, previously 12.2% (revised from 12.0%);

Thus, unemployment is the highest in the history of the monetary union, and inflation is the lowest since November 2009. The rise in unemployment shows that by the end of the problems in the Euro Zone still has a long way to go. Low inflation increases the chances of subsequent programs - Maybe next LTRO?

The next meeting of the European Central Bank is scheduled for November 7th.

Chicago PMI in October: 65.9 pts.; Consensus: 55 points. , Previously: 55.7 points. The highest reading since April 2011. The main reason for such a large increase was strongly up to 71.1 points subindex production, and to 74.3 points new orders. The improvement was also in the area of ​​employment - here subindex rose to 57.7 points.

China Manufacturing PMI: actual 51.4 pts, forecast: 51.2 pts, previously 51.1 pts;

HSBC China Final Manufacturing PMI: actual 50.9 pts, forecast: 50.7 pts, previously 50.9 pts;

UK Manufacturing PMI: actual 56.0 pts, forecast: 56.3 pts, previously 56.3 pts; (revised from 56.7 pts.);

US Final Manufacturing PMI: actual 51.8 pts, forecast: 51.1 pts, previously 51.1 pts;

US ISM Manufacturing PMI: actual 56.4 pts, forecast: 55.3 pts, previously 56.2 pts;

US ISM Manufacturing Prices: actual 55.5 pts, forecast: 55.1 pts, previously 56.5 pts;




regards,
oscarjp