The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales rose more than expected in February
In February, on a YoY basis, retail sales registered a rise of 3.70% in the UK, more than market expectations for a rise of 2.60%. In the prior month, retail sales had recorded a revised rise of 1.00%.
UK retail sales advanced more than expected in February
In February, retail sales rose 1.40% on a monthly basis in the UK, compared to a revised drop of 0.50% in the prior month. Market expectation was for retail sales to rise 0.40%.
UK CBI distributive trade survey’s retail sales balance remained flat in March
The CBI distributive trade survey’s retail sales balance in the UK remained unchanged at a level of 9.00% in March. Market expectation was for the CBI distributive trade survey’s retail sales balance to fall to a level of 4.00%.
Euro-zone consumer confidence index advanced in March
The flash consumer confidence index climbed to -5.00 in the Euro-zone, in March, higher than market expectations of an advance to a level of -5.90. The consumer confidence index had recorded a level of -6.20 in the prior month.
German consumer confidence index unexpectedly dropped in April
The consumer confidence index in Germany fell unexpectedly to a level of 9.80 in April, compared to a level of 10.00 in the previous month. Markets were anticipating the consumer confidence index to record a flat reading.
French production outlook indicator surprisingly slid in March
In France, the production outlook indicator fell unexpectedly to 3.00 in March, lower than market expectations of a rise to 7.00. In the prior month, the production outlook indicator had recorded a level of 5.00.
French industrial business climate index slid in March
In March, the industrial business climate index in France dropped to 104.00, at par with market expectations. In the prior month, the industrial business climate index had registered a revised reading of 105.00.
French own-company production outlook fell in March
Compared to a revised reading of 19.00 in the previous month own-company production outlook in France recorded a drop to 12.00 in March. Markets were expecting own-company production outlook to fall to a level of 17.00.
US Kansas City Fed manufacturing activity index surprisingly climbed in March
In March, the Kansas City Fed manufacturing activity index in the US recorded an unexpected rise to a level of 20.00, higher than market expectations of a steady reading. In the prior month, the Kansas City Fed manufacturing activity index had registered a reading of 14.00.
US continuing jobless claims surprisingly fell in the last week
In the week ended 11 March 2017, the seasonally adjusted continuing jobless claims in the US recorded an unexpected drop to 2000.00 K, compared to market expectations of a rise to a level of 2040.00 K. Continuing jobless claims had recorded a revised level of 2039.00 K in the prior week.
US new home sales rose in February
Compared to a revised level of 558.00 K in the previous month, new home sales recorded a rise of 6.10%, on MoM basis, to a level of 592.00 K in February, in the US. Markets were expecting new home sales to climb to 564.00 K.
US initial jobless claims unexpectedly rose in the last week
The seasonally adjusted initial jobless claims registered an unexpected rise to 258.00 K in the US, in the week ended 18 March 2017, compared to market expectations of a drop to 240.00 K. Initial jobless claims had registered a revised reading of 243.00 K in the prior week.
Foreign investors became net sellers of Japanese stocks in the previous week
Foreign investors were net sellers of ¥580.40 billion worth of Japanese stocks in the week ended 17 March 2017, as compared to being net sellers of ¥722.70 billion worth of Japanese stocks in the prior week.
Japanese investors remained net sellers of foreign stocks in the previous week
Japanese investors remained net sellers of ¥465.70 billion worth of foreign stocks in the week ended 17 March 2017, as compared to being net sellers of a revised ¥360.60 billion worth of foreign stocks in the previous week.
Japanese investors turned net buyers of foreign bonds in the previous week
Japanese investors turned net buyers of ¥149.40 billion worth of foreign bonds in the week ended 17 March 2017, as compared to being net sellers of a revised ¥696.10 billion worth of foreign bonds in the previous week.
Foreign investors became net sellers of Japanese bonds in the previous week
Foreign investors remained net sellers of ¥586.80 billion worth of Japanese bonds in the week ended 17 March 2017, from being net sellers of a revised ¥49.50 billion worth of Japanese bonds in the prior week.
Japanese manufacturing PMI dropped in March
The preliminary manufacturing PMI registered a drop to 52.60 in Japan, in March. Manufacturing PMI had recorded a reading of 53.30 in the prior month.
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