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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail price index ex-mort int. payments advanced less than expected in April
On a YoY basis, the retail price index ex-mort int. payments in the UK climbed 1.40% in April, compared to a rise of 1.60% in the prior month. Market anticipation was for the retail price index ex-mort int. payments to rise 1.60%.
UK output PPI rose more than expected in April
The non-seasonally adjusted output producer price index (PPI) in the UK rose 0.40% on a MoM basis in April, compared to an advance of 0.30% in the previous month. Markets were expecting output PPI to advance 0.20%.
UK PPI core output advanced more than expected in April
In the UK, the non-seasonally adjusted PPI core output climbed 0.50% on an annual basis in April, higher than market expectations for a rise of 0.30%. In the previous month, PPI core output had climbed by a revised 0.30%.
UK house price index climbed in March
The house price index registered a rise of 9.00% on an annual basis, in March, in the UK. The house price index had advanced 7.60% in the previous month.
UK retail price index rose less than expected in April
On an annual basis, the retail price index in the UK rose 1.30% in April, lower than market expectations for an advance of 1.50%. The retail price index had registered a rise of 1.60% in the previous month.
UK CPI advanced less than expected in April
On a monthly basis, in April, the consumer price index (CPI) advanced 0.10% in the UK, compared to a rise of 0.40% in the previous month. Markets were anticipating the CPI to advance 0.30%.
UK input PPI rose less than expected in April
The non-seasonally adjusted input PPI registered a rise of 0.90% in the UK on a monthly basis in April, compared to a revised advance of 2.20% in the previous month. Market anticipation was for input PPI to climb 1.10%.
UK CPI advanced less than expected in April
The CPI climbed 0.30% on a YoY basis in April, in the UK, lower than market expectations for an advance of 0.50%. In the previous month, the CPI had recorded a rise of 0.50%.
UK PPI core output advanced more than expected in April
In April, the non-seasonally adjusted PPI core output recorded a rise of 0.20% in the UK on a MoM basis, higher than market expectations for an advance of 0.10%. In the previous month, PPI core output had advanced 0.10%.
UK retail price index climbed in April
The retail price index recorded a rise of 0.10%, on monthly basis, to a level of 261.40 in April, in the UK, compared to a level of 261.10 in the previous month. Market expectation was for the retail price index to rise to a level of 261.90.
UK output PPI dropped less than expected in April
On a YoY basis, the non-seasonally adjusted output PPI in the UK slid 0.70% in April, compared to a drop of 0.90% in the previous month. Market anticipation was for output PPI to drop 0.80%.
UK input PPI declined less than expected in April
On a YoY basis, in the UK, the non-seasonally adjusted input PPI dropped 6.50% in April, compared to a revised drop of 6.10% in the previous month. Market anticipation was for input PPI to ease 6.70%.
UK core CPI rose less than expected in April
The core CPI in the UK advanced 1.20% in April on an annual basis, less than market expectations for a rise of 1.40%. In the previous month, the core CPI had risen 1.50%.
Euro-zone trade surplus widened in March
The non-seasonally adjusted trade surplus in the Euro-zone widened to €28.60 billion in March, compared to a trade surplus of €19.00 billion in the prior month.
Euro-zone trade surplus expanded in March
The seasonally adjusted trade surplus in the Euro-zone widened to €22.30 billion in March, from a revised trade surplus of €20.60 billion in the previous month. Markets were anticipating the region to post a trade surplus of €22.00 billion.
Italian trade surplus expanded in March
(EU countries) trade surplus in Italy rose to €1.33 billion in March. Italy had reported a revised trade surplus of €1.25 billion in the prior month.
Swiss producer and import price index rose more than expected in April
The producer and import price index in Switzerland advanced 0.30% on a monthly basis in April, higher than market expectations for an advance of 0.10%. The producer and import price index had recorded a flat reading in the previous month.
Swiss producer and import price index dropped less than expected in April
On a YoY basis in April, the producer and import price index eased 2.40% in Switzerland, compared to a drop of 4.70% in the prior month. Market expectation was for the producer and import price index to drop 2.70%.
Fed’s Williams supports higher US interest rates
The San Francisco Fed President, John Williams, indicated that the June FOMC meeting is live in his view and that it made sense to raise short-term interest rates two or three times this year, given the continued moderate US economic growth and low unemployment.
Fed’s Lockhart says June is a ‘Live’ meeting
The Atlanta Fed President, Dennis Lockhart, stated that he still assumes there will be two to three rate hikes this year and that markets are more pessimistic on the US economic outlook than he is. He further indicated that an interest rate increase during the Fed’s June meeting is alive possibility.
Fed’s Kaplan’s sees US rate hike in ‘not too distant future’
The Dallas Fed President, Robert Kaplan, indicated that he sees energy prices firming, along with prospects for jobs and investment and that the US central bank should raise rates in the “not-too-distant future”. He further stated that he will advocate for an interest-rate hike at the Fed’s upcoming policy meetings.
US CPI advanced as expected in April
The CPI in the US registered a rise of 1.10% on an annual basis in April, in line with market expectations. In the prior month, the CPI had climbed 0.90%.
US capacity utilisation recorded a rise in April
In April, capacity utilisation in the US advanced to 75.40%, compared to a revised reading of 74.90% in the previous month. Markets were anticipating capacity utilisation to rise to 75.00%.
US CPI (ex-food & energy) rose as expected in April
On a MoM basis, the CPI (ex-food & energy) registered a rise of 0.20% in April, in the US, compared to a rise of 0.10% in the prior month. Market anticipation was for the CPI (ex-food & energy) to climb 0.20%.
US core CPI advanced in April
The seasonally adjusted core CPI advanced to 246.57 in April, in the US, compared to market expectations of an advance to a level of 246.45. The core CPI had recorded a reading of 246.10 in the prior month.
US building permits recorded a rise in April
Building permits in the US advanced 3.60%, on monthly basis, to an annual rate of 1116.00 K in April, compared to a revised level of 1077.00 K in the previous month. Market anticipation was for building permits to climb to a level of 1135.00 K.
US manufacturing production rose as expected in April
Manufacturing production in the US climbed 0.30% on a monthly basis in April, at par with market expectations. In the prior month, manufacturing production had dropped 0.30%.
US CPI advanced more than expected in April
On a monthly basis, the CPI in the US climbed 0.40% in April, higher than market expectations for an advance of 0.30%. In the prior month, the CPI had recorded a rise of 0.10%.
US housing starts registered a rise in April
In the US, housing starts recorded a rise of 6.60%, on MoM basis, to an annual rate of 1172.00 K in April, compared to a revised reading of 1099.00 K in the previous month. Markets were expecting housing starts to advance to 1125.00 K.
US CPI climbed in April
In the US, the non-seasonally adjusted CPI advanced to 239.26 in April, compared to a reading of 238.13 in the previous month. Market expectation was for the CPI to rise to a level of 239.12.
US CPI (ex-food & energy) advanced as expected in April
The CPI (ex-food & energy) climbed 2.10% on a YoY basis in April, in the US, at par with market expectations. In the previous month, the CPI (ex-food & energy) had climbed 2.20%.
US industrial production rose more than expected in April
In April, on a MoM basis, industrial production advanced 0.70% in the US, higher than market expectations for a rise of 0.30%. In the previous month, industrial production had fallen by a revised 0.90%.
Canadian manufacturing shipments fell less than expected in March
In Canada, manufacturing shipments slid 0.90% on a monthly basis in March, less than market expectations for a fall of 1.90%. Manufacturing shipments had registered a revised drop of 4.00% in the prior month.
Japanese Tokyo condominium sales declined in April
In Japan, Tokyo condominium sales dropped 13.50% in April on an annual basis. In the prior month, Tokyo condominium sales had recorded a drop of 39.60%.
Japanese capacity utilisation records a rise in March
On a MoM basis, capacity utilisation registered a rise of 3.20% in Japan, in March. In the previous month, capacity utilisation had dropped 5.40%.
Japanese industrial production advanced in March
The final industrial production rose 0.20% in Japan on a YoY basis, in March. Industrial production had recorded a drop of 1.20% in the previous month. The preliminary figures had indicated an advance of 0.10%.
Japanese industrial production climbed in March
The final industrial production in Japan climbed 3.80% on a monthly basis, in March. In the previous month, industrial production had dropped 5.20%. The preliminary figures had recorded an advance of 3.60%.
Japanese nominal GDP rose as expected in 1Q 2016
The flash nominal gross domestic product (GDP) in Japan registered a rise of 0.50% in 1Q 2016 on a QoQ basis, in line with market expectations. In the prior quarter, nominal GDP had registered a drop of 0.20%.
Japanese GDP deflator advanced less than expected in 1Q 2016
In 1Q 2016, the preliminary gross domestic product deflator in Japan recorded a rise of 0.90% on a YoY basis, lower than market expectations for a rise of 1.00%. In the prior quarter, the GDP deflator had advanced 1.50%.
Japanese GDP advanced more than expected in 1Q 2016
In 1Q 2016, the flash GDP registered a rise of 0.40% on a QoQ basis in Japan, compared to a fall of 0.30% in the previous quarter. Market anticipation was for GDP to rise 0.10%.
Japanese annualised GDP rose more than expected in 1Q 2016
On a quarterly basis, in Japan, the flash annualised gross domestic product (GDP) recorded a rise of 1.70% in 1Q 2016, more than market expectations for a rise of 0.30%. In the prior quarter, annualised GDP had fallen 1.10%.
Chinese house price index registered a rise in April
In China, the house price index climbed 6.20% in April on an annual basis. The house price index had recorded a rise of 4.90% in the prior month.
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