The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Italian industrial sales rose in January
The non-seasonally adjusted industrial sales in Italy recorded a rise of 1.50% on an annual basis, in January. Industrial sales had climbed 9.40% in the previous month.
Italian industrial orders climbed in January
In Italy, the non-seasonally adjusted industrial orders rose 8.60% in January on an annual basis. In the previous month, industrial orders had dropped 0.90%.
Italian industrial sales dropped in January
On a MoM basis, the seasonally adjusted industrial sales fell 3.50% in Italy, in January. In the previous month, industrial sales had climbed by a revised 2.50%.
Italian industrial orders fell more than expected in January
On a monthly basis, the seasonally adjusted industrial orders registered a drop of 2.90% in January, in Italy, higher than market expectations for a fall of 2.60%. Industrial orders had recorded a revised rise of 3.00% in the previous month.
US S&P/Case-Shiller composite index of 20 metropolitan areas rose more than expected in January
On a monthly basis, in the US, the seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas advanced 0.86% in January, higher than market expectations for an advance of 0.70%. In the previous month, the S&P/Case-Shiller composite index of 20 metropolitan areas had climbed 0.93%.
US S&P/Case-Shiller HPI rose in January
In January, the S&P/Case-Shiller home price index (HPI) recorded a rise to 192.81 in the US. In the previous month, the S&P/Case-Shiller HPI had registered a revised reading of 192.41.
US wholesale inventories rose more than expected in February
The seasonally adjusted flash wholesale inventories advanced 0.40% in the US on a MoM basis in February, compared to a drop of 0.20% in the prior month. Markets were expecting the wholesale inventories to advance 0.20%.
US CB consumer confidence index unexpectedly rose in March
The CB consumer confidence index in the US recorded an unexpected rise to a level of 125.60 in March, compared to a revised level of 116.10 in the previous month. Markets were anticipating the CB consumer confidence index to ease to 114.00.
US Richmond Fed manufacturing index surprisingly advanced in March
In March, the Richmond Fed manufacturing index registered an unexpected rise to a level of 22.00 in the US, compared to market expectations of a fall to a level of 15.00. In the prior month, the Richmond Fed manufacturing index had registered a level of 17.00.
US Redbook index declined in the last week
The seasonally adjusted Redbook index recorded a drop of 0.70% on a MoM basis in the US, in the week ended 24 March 2017. The Redbook index had registered a drop of 0.60% in the prior week.
US Redbook index rose in the last week
The Redbook index in the US registered a rise of 0.60% on an annual basis, in the week ended 24 March 2017. The Redbook index had recorded a rise of 1.20% in the previous week.
US S&P/Case-Shiller composite HPI of 20 metropolitan areas rose more than expected in January
The S&P/Case-Shiller composite HPI of 20 metropolitan areas advanced 5.73% in the US, on an annual basis in January, more than market expectations for an advance of 5.60%. In the previous month, the S&P/Case-Shiller composite HPI of 20 metropolitan areas had risen by a revised 5.47%.
Japanese retail trade rose less than expected in February
Retail trade in Japan rose 0.10% on a YoY basis in February, compared to a rise of 1.00% in the previous month. Market anticipation was for retail trade to climb 0.70%.
Japanese retail trade advanced less than expected in February
In February, retail trade climbed 0.20% in Japan, on a monthly basis, less than market expectations for an advance of 0.30%. Retail trade had registered a revised similar rise in the previous month.
Japanese large retailer’s sales declined more than expected in February
Large retailer’s sales eased 2.70% on a MoM basis in February, in Japan, higher than market expectations for a drop of 1.80%. In the prior month, large retailer’s sales had dropped 1.10%.
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