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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK final GDP rose more than expected in 4Q 2015
In the UK, the final gross domestic product (GDP) registered a rise of 2.10% on an annual basis in 4Q 2015, higher than market expectations for a rise of 1.90%. The preliminary figures had indicated a rise of 1.90%. In the previous quarter, GDP had registered a similar rise.
UK final GDP rose more than expected in 4Q 2015
On a QoQ basis, in 4Q 2015, the final GDP advanced 0.60% in the UK, compared to an advance of 0.40% in the prior quarter. The preliminary figures had recorded a rise of 0.50%. Markets were expecting GDP to climb 0.50%.
UK current account deficit rose in 4Q 2015
The UK has posted current account deficit of £32.70 billion in 4Q 2015, following a revised current account deficit of £20.10 billion in the previous quarter. Markets were anticipating the nation to register a current account deficit of £21.20 billion.
UK net consumer credit rose as expected in February
Net consumer credit in the UK advanced £1.30 billion in February, compared to a rise of £1.60 billion in the previous month. Markets were anticipating net consumer credit to climb £1.30 billion.
UK number of mortgage approvals for house purchases declined in February
Number of mortgage approvals for house purchases eased to 73.90 K in the UK, in February, higher than market expectations of a fall to 73.50 K. Number of mortgage approvals for house purchases had registered a revised level of 74.10 K in the previous month.
UK M4 money supply rose in February
M4 money supply climbed 0.90% in the UK on a MoM basis, in February. In the prior month, M4 money supply had risen by a revised 0.10%.
UK index of services rose as expected in January
In the UK, the index of services climbed 0.20% in January, on a monthly basis, in line with market expectations. In the prior month, the index of services had registered a revised rise of 0.30%.
UK index of services advanced more than expected in January
The index of services in the UK rose 0.90% in January on a monthly basis, compared to a revised rise of 0.80% in the October-December 2015 period. Market expectation was for the index of services to climb 0.80%.
UK net lending secured on dwellings advanced as expected in February
In the UK, net lending secured on dwellings registered a rise of £3.60 billion in February, compared to a rise of £3.70 billion in the previous month. Markets were anticipating net lending secured on dwellings to climb £3.60 billion.
UK M4 Ex-IOFCs 3M annualised rose more than expected in February
In February, M4 Ex-IOFCs 3M annualised in the UK registered a rise of 5.00% on a monthly basis, compared to a revised rise of 4.50% in the previous month. Markets were expecting M4 Ex-IOFCs 3M annualised to advance 4.00%.
UK M4 money supply rose in February
M4 money supply rose 2.00% in the UK on a YoY basis, in February. M4 money supply had registered a rise of 0.80% in the prior month.
UK total business investment recorded a rise in 4Q 2015
On a YoY basis, the final total business investment advanced 3.00% in the UK, in 4Q 2015. In the previous quarter, total business investment had climbed by a revised 4.50%. The preliminary figures had recorded an advance of 2.40%.
UK consumer credit climbed in February
Seasonally adjusted consumer credit in the UK rose £21.34 billion in February. Consumer credit had risen £21.15 billion in the previous month.
UK total business investment declined in 4Q 2015
On a quarterly basis, the final total business investment in the UK registered a drop of 2.00% in 4Q 2015. In the previous quarter, total business investment had risen by a revised 1.20%. The preliminary figures had indicated a fall of 2.10%.
German unemployment rate remained flat in March
In March, the seasonally adjusted unemployment rate in Germany remained steady at 6.20%, in line with market expectations.
German retail sales surprisingly slid in February
In February, on a monthly basis, retail sales in Germany unexpectedly dropped 0.40%, compared to a revised drop of 0.10% in the previous month. Market anticipation was for retail sales to advance 0.40%.
German retail sales advanced more than expected in February
On an annual basis, retail sales advanced 5.40% in February, in Germany, higher than market expectations for an advance of 2.20%. Retail sales had dropped by a revised 1.20% in the previous month.
German number of people unemployed remained unchanged in March
The number of people unemployed remained unchanged in Germany in March, compared to a revised fall of 9.00 K in the prior month. Market anticipation was for the number of people unemployed to drop 6.00 K.
French PPI dropped in February
In France, the producer price index (PPI) fell 0.50% on a MoM basis, in February. The PPI had registered a revised drop of 1.00% in the previous month.
French EU normalised CPI advanced less than expected in March
On a MoM basis in March, the flash EU normalised consumer price index (CPI) advanced 0.70% in France, compared to an advance of 0.30% in the prior month. Market anticipation was for EU normalised CPI to climb 0.80%.
French consumer spending rose more than expected in February
Consumer spending advanced 0.60% on a monthly basis in February, in France, compared to a revised advance of 1.00% in the previous month. Market expectation was for consumer spending to rise 0.20%.
French CPI (ex-tobacco) rose as expected in March
The CPI (ex-tobacco) in France rose 0.70% on a monthly basis in March, compared to an advance of 0.30% in the prior month. Market expectation was for the CPI (ex-tobacco) to rise 0.70%.
Italian PPI slid in February
The PPI slid 4.10% on a YoY basis in Italy, in February. The PPI had recorded a drop of 3.00% in the previous month.
Italian CPI rose more than expected in March
On a MoM basis in Italy, the preliminary CPI registered a rise of 0.20% in March, compared to a drop of 0.20% in the previous month. Markets were anticipating the CPI to rise 0.10%.
Italian EU normalised CPI advanced less than expected in March
In March on a monthly basis, the flash EU normalised CPI in Italy climbed 2.00%, less than market expectations for an advance of 2.20%. In the prior month, the EU normalised CPI had recorded a drop of 0.40%.
Italian PPI dropped in February
In Italy, the PPI registered a drop of 0.50% on a MoM basis, in February. In the previous month, the PPI had fallen 0.80%.
Spain posted current account deficit in January
Current account deficit in Spain recorded a reading of €0.70 billion in January. Spain had reported a current account surplus of €4.50 billion in the previous month.
Spanish HICP index advanced less than expected in March
On a MoM basis, the preliminary harmonised consumer price (HICP) index in Spain climbed 2.00% in March, compared to a drop of 0.40% in the prior month. Market expectation was for the HICP index to advance 2.10%.
Spanish retail sales rose less than expected in February
In February, on a YoY basis, retail sales in Spain registered a rise of 3.90%, compared to a rise of 3.30% in the previous month. Markets were anticipating retail sales to rise 4.00%.
Spanish CPI rose less than expected in March
The flash CPI rose 0.60% on a MoM basis in March, in Spain, compared to a drop of 0.40% in the prior month. Markets were expecting the CPI to advance 0.70%.
Spanish HICP index dropped more than expected in March
The flash HICP index eased 1.00% on an annual basis in Spain, more than market expectations for a drop of 0.80%. The HICP index had registered a similar fall in the previous month.
Spanish CPI dropped as expected in March
In March, the flash CPI in Spain, recorded a drop of 0.80% on a YoY basis, meeting market expectations. The CPI had registered a similar fall in the prior month.
US number of planned layoffs by US companies rose in March
In March, on an annual basis, the number of planned layoffs by US companies in the US climbed 31.70%. The number of planned layoffs by US companies had climbed 21.80% in the prior month.
US continuing jobless claims eased surprisingly in the last week
The seasonally adjusted continuing jobless claims dropped unexpectedly to 2173.00 K in the US, in the week ended 19 March 2016, compared to market expectations of an advance to 2200.00 K. In the previous week, continuing jobless claims had recorded a revised reading of 2180.00 K.
US Chicago Fed PMI recorded a rise in March
In March, the Chicago Fed purchasing managers index (PMI) climbed to 53.60 in the US, higher than market expectations of an advance to a level of 50.70. In the previous month, the Chicago Fed purchasing managers index had registered a reading of 47.60.
US NAPM-Milwaukee manufacturing index climbed in March
The NAPM-Milwaukee manufacturing index in the US climbed to 57.78 in March. The NAPM-Milwaukee manufacturing index had recorded a reading of 55.22 in the previous month.
US initial jobless claims surprisingly climbed in the last week
In the week ended 26 March 2016, the seasonally adjusted initial jobless claims in the US advanced unexpectedly to 276.00 K, compared to market expectations of a steady reading. In the previous week, initial jobless claims had recorded a level of 265.00 K.
Japanese Tankan non-manufacturing index dropped in 1Q 2016
In 1Q 2016, the Tankan non-manufacturing index registered a drop to 22.00 in Japan, compared to market expectations of a drop to 24.00. The Tankan non-manufacturing index had recorded a reading of 25.00 in the previous quarter.
Japanese housing starts unexpectedly rose in February
On a YoY basis, housing starts unexpectedly advanced 7.80% in February, in Japan, higher than market expectations for a drop of 2.40%. Housing starts had climbed 0.20% in the previous month.
Japanese Tankan large manufacturing outlook index declined unexpectedly in 1Q 2016
In 1Q 2016, the Tankan large manufacturing outlook index in Japan fell unexpectedly to 3.00, lower than market expectations of a steady reading. The Tankan large manufacturing outlook index had recorded a level of 7.00 in the prior quarter.
Japanese Tankan non-manufacturing outlook index dropped unexpectedly in 1Q 2016
In 1Q 2016, the Tankan non-manufacturing outlook index in Japan eased unexpectedly to 17.00, lower than market expectations of an advance to a level of 20.00. The Tankan non-manufacturing outlook index had recorded a level of 18.00 in the previous quarter.
Japanese manufacturing PMI recorded a drop in March
In March, the final manufacturing PMI in Japan recorded a drop to 49.10. Manufacturing PMI had recorded a level of 50.10 in the prior month. The preliminary figures had also recorded a drop to 49.10.
Japanese annualised housing starts recorded a rise in February
Compared to a level of 0.87 million units in the prior month the annualised housing starts climbed to 0.97 million units in February, in Japan. Market expectation was for the annualized housing starts to climb to 0.88 million units.
Japanese Tankan large all industry capex dropped more than expected in 1Q 2016
On a quarterly basis, Tankan large all industry capex slid 0.90% in 1Q 2016, in Japan, compared to a rise of 10.80% in the previous quarter. Market anticipation was for Tankan large all industry capex to drop 0.70%.
Japanese construction orders fell in February
In February, on a YoY basis, construction orders recorded a drop of 12.40% in Japan. Construction orders had dropped 13.80% in the prior month.
Japanese corporate loans & discounts climbed in February
On an annual basis, corporate loans & discounts in Japan advanced 2.32% in February. Corporate loans & discounts had climbed 3.10% in the prior month.
Japanese Tankan large manufacturing index fell in 1Q 2016
Compared to a level of 12.00 in the previous quarter the Tankan large manufacturing index in Japan registered a drop to 6.00 in 1Q 2016. Markets were anticipating the Tankan large manufacturing index to fall to 8.00.
Chinese NBS non-manufacturing PMI rose in March
The NBS non-manufacturing PMI in China registered a rise to 53.80 in March. In the previous month, the NBS non-manufacturing PMI had registered a reading of 52.70.
Chinese Caixin/Markit manufacturing PMI index advanced in March
Caixin/Markit manufacturing PMI index climbed to 49.70 in China, in March, compared to a level of 48.00 in the previous month. Markets were expecting Caixin/Markit manufacturing PMI index to climb to a level of 48.30.
Chinese NBS manufacturing PMI advanced in March
Compared to a level of 49.00 in the prior month the NBS manufacturing PMI recorded a rise to 50.20 in China, in March. Market anticipation was for the NBS manufacturing PMI to climb to 49.40.
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