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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK consumer confidence remained steady in March
In March, the consumer confidence in the UK remained steady at -6.00, higher than market expectations of a fall to -7.00.
UK business barometer dropped in March
In the UK, the business barometer registered a drop to 35.00% in March. In the prior month, the business barometer had registered a reading of 40.00%.
Euro-zone economic sentiment indicator surprisingly eased in March
In March, the economic sentiment indicator registered an unexpected drop to 107.90 in the Euro-zone, compared to market expectations of an advance to a level of 108.30. In the prior month, the economic sentiment indicator had recorded a level of 108.00.
Euro-zone business climate indicator steadied in March
In March, the business climate indicator in the Euro-zone remained steady at 0.82. Market anticipation was for the business climate indicator to advance to a level of 0.87.
Euro-zone services sentiment indicator surprisingly dropped in March
The services sentiment indicator fell unexpectedly to a level of 12.70 in March, in the Euro-zone, compared to a revised level of 13.90 in the previous month. Market expectation was for the services sentiment indicator to advance to 14.00.
Euro-zone industrial confidence index surprisingly fell in March
The industrial confidence index in the Euro-zone dropped unexpectedly to 1.20 in March, lower than market expectations of an advance to 1.40. In the prior month, the industrial confidence index had registered a reading of 1.30.
Euro-zone consumer confidence index advanced in March
In the Euro-zone, the final consumer confidence index climbed to -5.00 in March, compared to a reading of -6.20 in the previous month. Markets were anticipating the consumer confidence index to climb to -5.00. The preliminary figures had also indicated a rise to -5.00.
German CPI advanced less than expected in March
The preliminary consumer price index (CPI) recorded a rise of 0.20% in Germany on a monthly basis in March, compared to a rise of 0.60% in the prior month. Market expectation was for the CPI to rise 0.40%.
German HICP rose less than expected in March
The flash harmonised consumer price index (HICP) recorded a rise of 1.50% in Germany on a YoY basis, less than market expectations for a rise of 1.90%. In the prior month, the HICP had risen 2.20%.
German HICP advanced less than expected in March
The flash HICP recorded a rise of 0.10% on a MoM basis in Germany, compared to an advance of 0.70% in the previous month. Market anticipation was for the HICP to rise 0.50%.
German CPI rose less than expected in March
The flash CPI rose 1.60% on a YoY basis in March, in Germany, compared to a rise of 2.20% in the prior month. Market anticipation was for the CPI to climb 1.80%.
Spanish CPI remained steady in March
The preliminary CPI remained unchanged on a monthly basis in March, in Spain, lower than market expectations for an advance of 0.20%. In the prior month, the CPI had recorded a drop of 0.40%.
Spanish HICP index rose less than expected in March
The flash HICP index advanced 2.10% in Spain, on a YoY basis in March, lower than market expectations for a rise of 2.70%. In the previous month, the HICP index had recorded a rise of 3.00%.
Spanish HICP index advanced less than expected in March
In March, the flash HICP index rose 1.10% on a MoM basis in Spain, lower than market expectations for an advance of 1.50%. The HICP index had recorded a drop of 0.30% in the prior month.
Spanish CPI rose less than expected in March
In March, the preliminary CPI recorded a rise of 2.30% in Spain on an annual basis, compared to a rise of 3.00% in the prior month. Markets were anticipating the CPI to climb 2.60%.
Swiss KOF economic barometer surprisingly climbed in March
The KOF economic barometer in Switzerland rose unexpectedly to a level of 107.60 in March, compared to market expectations of a fall to a level of 105.80. The KOF economic barometer had registered a revised reading of 106.90 in the prior month.
US core personal consumption expenditure advanced more than expected in 4Q 2016
On a quarterly basis, the final core personal consumption expenditure recorded a rise of 1.30% in 4Q 2016, in the US, higher than market expectations for a rise of 1.20%. Core personal consumption expenditure had advanced 1.70% in the prior quarter. The preliminary figures had indicated an advance of 1.20%.
US annualised GDP advanced more than expected in 4Q 2016
The final annualised gross domestic product (GDP) in the US advanced 2.10% in 4Q 2016 on a QoQ basis, more than market expectations for an advance of 2.00%. The preliminary figures had recorded an advance of 1.90%. In the prior quarter, the annualised GDP had climbed 3.50%.
US personal consumption rose more than expected in 4Q 2016
The final personal consumption registered a rise of 3.50% in the US on a QoQ basis in 4Q 2016, higher than market expectations for an advance of 3.00%. Personal consumption had recorded a rise of 3.00% in the prior quarter. The preliminary figures had recorded a rise of 3.00%.
US GDP price index advanced more than expected in 4Q 2016
On a quarterly basis, the final GDP price index in the US rose 2.10% in 4Q 2016, more than market expectations for an advance of 2.00%. The GDP price index had risen 1.40% in the previous quarter. The preliminary figures had indicated a rise of 2.00%.
US continuing jobless claims advanced in the last week
In the week ended 18 March 2017, the seasonally adjusted continuing jobless claims rose to a level of 2052.00 K in the US, higher than market expectations of an advance to 2031.00 K. Continuing jobless claims had registered a level of 1987.00 K in the prior week.
US initial jobless claims declined in the last week
In the week ended 25 March 2017, the seasonally adjusted initial jobless claims in the US eased to 258.00 K, compared to market expectations of a drop to 247.00 K. Initial jobless claims had recorded a level of 261.00 K in the previous week.
Canadian raw material price index advanced more than expected in February
On a MoM basis, the raw material price index rose 1.20% in February, in Canada, higher than market expectations for a rise of 0.90%. In the prior month, the raw material price index had risen 1.70%.
Canadian industrial product price index advanced less than expected in February
On a monthly basis, the industrial product price index advanced 0.10% in February, in Canada, less than market expectations for a rise of 0.40%. The industrial product price index had climbed by a revised 0.60% in the prior month.
Japanese unemployment rate surprisingly dropped in February
The unemployment rate in Japan registered an unexpected drop to 2.80% in February, lower than market expectations of an unchanged reading. The unemployment rate had recorded a reading of 3.00% in the previous month.
Japanese household spending dropped more than expected in February
In February, on an annual basis, household spending registered a drop of 3.80% in Japan, compared to a fall of 1.20% in the previous month. Markets were anticipating household spending to fall 1.70%.
Japanese National CPI ex-fresh food rose as expected in February
In February, on a YoY basis, National CPI ex-fresh food recorded a rise of 0.20% in Japan, in line with market expectations. National CPI ex-fresh food had recorded a rise of 0.10% in the prior month.
Japanese industrial production advanced more than expected in February
In February, on a MoM basis, the flash industrial production climbed 2.00% in Japan, higher than market expectations for an advance of 1.20%. Industrial production had recorded a drop of 0.40% in the prior month.
Japanese corporate loans & discounts advanced in February
Corporate loans & discounts in Japan rose 3.40% in February on an annual basis. Corporate loans & discounts had climbed 2.73% in the previous month.
Japanese Tokyo CPI excluding fresh food declined more than expected in March
On an annual basis, in Japan, Tokyo CPI excluding fresh food dropped 0.40% in March, compared to a drop of 0.30% in the prior month. Market expectation was for Tokyo CPI excluding fresh food to ease 0.20%.
Japanese national CPI advanced more than expected in February
In February, on an annual basis, the national CPI in Japan registered a rise of 0.30%, compared to an advance of 0.40% in the prior month. Market anticipation was for the national CPI to advance 0.20%.
Japanese National CPI ex-food, energy rose in February
In Japan, National CPI ex-food, energy advanced 0.10% in February on a YoY basis. In the prior month, National CPI ex-food, energy had recorded a rise of 0.20%.
Japanese industrial production advanced more than expected in February
In February, on a YoY basis, the flash industrial production in Japan recorded a rise of 4.80%, higher than market expectations for an advance of 3.90%. Industrial production had risen 3.70% in the previous month.
Japanese Tokyo CPI excluding food and energy recorded a drop in March
In Japan, Tokyo CPI excluding food and energy registered a drop of 0.20% on an annual basis, in March. Tokyo CPI excluding food and energy had registered a flat reading in the previous month.
Japanese Tokyo CPI dropped more than expected in March
In Japan, Tokyo CPI dropped 0.40% on a YoY basis in March, more than market expectations for a fall of 0.20%. In the prior month, Tokyo CPI had fallen 0.30%.
Japanese job to applicant ratio remained unchanged in February
Job to applicant ratio remained unchanged at 1.43 in Japan, in February. Markets were anticipating job to applicant ratio to rise to a level of 1.44.
Chinese NBS non-manufacturing PMI climbed in March
In China, the NBS non-manufacturing PMI advanced to 55.10 in March, compared to a level of 54.20 in the prior month.
Chinese NBS manufacturing PMI climbed in March
Compared to a level of 51.60 in the prior month, the NBS manufacturing PMI in China recorded a rise to 51.80 in March. Markets were anticipating the NBS manufacturing PMI to advance to a level of 51.70.
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