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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction PMI remained steady in March
The construction PMI in the UK remained flat at a level of 54.20 in March, compared to market expectations of a fall to 54.10.
Euro-zone PPI fell more than expected in February
In February, on a monthly basis, the producer price index (PPI) in the Euro-zone dropped 0.70%, compared to a revised drop of 1.10% in the prior month. Market anticipation was for PPI to drop 0.50%.
Euro-zone investor confidence index recorded a rise in April
Compared to a level of 5.50 in the previous month the investor confidence index registered a rise to 5.70 in April, in the Eurozone. Markets were anticipating the investor confidence index to rise to a level of 7.00.
Euro-zone unemployment rate dropped in February
The unemployment rate in the Euro-zone fell to a level of 10.30% in February, compared to a revised level of 10.40% in the prior month. Markets were expecting the unemployment rate to fall to a level of 10.30%.
Italian deficit to GDP (YTD) dropped in 4Q 2015
Deficit to GDP (YTD) registered a drop to 2.60% in Italy, in 4Q 2015. Deficit to GDP (YTD) had recorded a revised level of 2.70% in the previous quarter.
Italian public deficit to GDP ratio recorded a rise in 4Q 2015
In 4Q 2015, public deficit to GDP ratio in Italy advanced to 2.20%. Public deficit to GDP ratio had registered a revised level of 2.00% in the prior quarter.
Number of people unemployed in Spain fell in March
Number of people unemployed eased by 58.20 K in Spain, in March, following an increase of 2.20 K in the previous month. Markets were expecting number of people unemployed to fall 50.00 K.
US durable goods orders (ex transportation) fell more than expected in February
On a monthly basis, the final durable goods orders (ex transportation) in the US eased 1.30% in February, compared to a revised rise of 1.20% in the prior month. Market expectation was for durable goods orders (ex transportation) to ease 1.00%. The preliminary figures had recorded a fall of 1.00%.
US durable goods orders fell more than expected in February
In February, the final durable goods orders in the US fell 3.00% on a MoM basis, higher than market expectations for a drop of 2.80%. The preliminary figures had recorded a drop of 2.80%. In the previous month, durable goods orders had recorded a revised rise of 4.20%.
US factory orders dropped as expected in February
On a monthly basis, in the US, factory orders eased 1.70% in February, meeting market expectations. In the previous month, factory orders had advanced by a revised 1.20%.
US non-defence capital goods orders (ex aircraft) slid in February
The final non-defence capital goods orders (ex aircraft) in the US eased 2.50% in February, on a MoM basis. The non-defence capital goods orders (ex aircraft) had recorded a revised rise of 3.10% in the previous month. The preliminary figures had recorded a drop of 1.80%.
US non-defence capital goods shipments (ex aircraft) dropped in February
On a MoM basis, the final non-defence capital goods shipments (ex aircraft) eased 1.70% in February, in the US. In the prior month, the non-defence capital goods shipments (ex aircraft) had registered a revised drop of 1.30%. The preliminary figures had indicated a fall of 1.10%.
US New York City current business condition index eased unexpectedly in March
In March, the New York City current business condition index fell unexpectedly to a level of 50.40 in the US, compared to market expectations of an advance to 54.10. The New York City current business condition index had recorded a level of 53.60 in the prior month.
Canada’s overall business lending conditions tightened in 1Q 2016
In its quarterly senior loan officer survey on business-lending practices, indicated that overall business lending conditions in Canada tightened during the 1Q 2016, with the reading coming in at 6.60 from a reading of 5.60 in the previous quarter.
Japanese Markit composite PMI registered a drop in March
In March, Markit composite PMI recorded a drop to 49.90 in Japan. In the previous month, Markit composite PMI had registered a level of 51.00.
Japanese labour cash earnings advanced more than expected in February
On an annual basis, in February, labour cash earnings climbed 0.90% in Japan, compared to a revised flat reading in the prior month. Markets were expecting labour cash earnings to rise 0.20%.
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