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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI surprisingly declined in March
The manufacturing PMI eased unexpectedly to 54.20 in the UK, in March, compared to market expectations of an advance to 55.00. In the prior month, the manufacturing PMI had recorded a revised reading of 54.50.
Euro-zone unemployment rate dropped in February
The unemployment rate eased to 9.50% in February, in the Euro-zone, in line with market expectations. In the prior month, the unemployment rate had recorded a level of 9.60%.
Euro-zone manufacturing PMI advanced in March
In March, the final manufacturing PMI climbed to 56.20 in the Euro-zone, meeting market expectations. In the previous month, the manufacturing PMI had registered a reading of 55.40. The preliminary figures had also indicated a rise to 56.20.
Euro-zone PPI remained unchanged in February
In the Euro-zone, the producer price index (PPI) remained steady on a monthly basis in February, compared to a revised advance of 1.10% in the previous month. Markets were expecting the PPI to climb 0.10%.
German manufacturing PMI advanced in March
The final manufacturing PMI climbed to 58.30 in March, in Germany, meeting market expectations. In the prior month, manufacturing PMI had registered a reading of 56.80. The preliminary figures had also indicated an advance to 58.30.
French manufacturing PMI advanced in March
In March, the final manufacturing PMI rose to a level of 53.30 in France, compared to market expectations of a rise to 53.40. The preliminary figures had recorded a rise to 53.40. In the previous month, manufacturing PMI had registered a reading of 52.20.
Italian manufacturing PMI recorded a rise in March
In March, the manufacturing PMI rose to a level of 55.70 in Italy, compared to market expectations of a rise to 55.60. The manufacturing PMI had registered a reading of 55.00 in the previous month.
Italian unemployment rate surprisingly dropped in February
In Italy, unemployment rate recorded an unexpected drop to 11.50% in February, lower than market expectations of a steady reading. In the previous month, the unemployment rate was revised to 11.80%.
Spanish manufacturing PMI eased in March
The manufacturing PMI dropped to 53.90 in Spain, in March, compared to a level of 54.80 in the prior month. Markets were expecting the manufacturing PMI to ease to 54.70.
Swiss real retail sales rose in February
On a YoY basis, real retail sales registered a rise of 0.60% in February, in Switzerland. In the prior month, real retail sales had dropped by a revised 1.20%.
Swiss SVME manufacturing PMI advanced in March
In March, the SVME manufacturing PMI in Switzerland climbed to 58.60, compared to a level of 57.80 in the prior month. Markets were anticipating the SVME manufacturing PMI to climb to a level of 58.00.
US Markit manufacturing PMI slid in March
The final Markit manufacturing PMI registered a drop to 53.30 in the US, in March, compared to a level of 54.20 in the previous month. Market expectation was for the Markit manufacturing PMI to ease to a level of 53.50. The preliminary figures had indicated a fall to 53.40.
US ISM manufacturing activity index dropped in March
Compared to a level of 57.70 in the prior month, the ISM manufacturing activity index registered a drop to 57.20 in March, in the US. Market anticipation was for the ISM manufacturing activity index to ease to a level of 57.20.
US ISM production declined in March
In the US, ISM production registered a drop to 57.60 in March, compared to a reading of 62.90 in the previous month.
US ISM inventories fell in March
In March, ISM inventories eased to 49.00 in the US. ISM inventories had recorded a reading of 51.50 in the prior month.
US ISM backlog orders advanced in March
In March, ISM backlog orders in the US registered a rise to 57.50. In the prior month, ISM backlog orders had registered a level of 57.00.
US construction spending rose less than expected in February
In February, on a MoM basis, construction spending in the US advanced 0.80%, less than market expectations for a rise of 1.00%. In the prior month, construction spending had fallen by a revised 0.40%.
US ISM prices paid index recorded an unexpected rise in March
In March, the ISM prices paid index advanced unexpectedly to 70.50 in the US, compared to a reading of 68.00 in the previous month. Market expectation was for the ISM prices paid index to fall to a level of 66.00.
US ISM new orders declined in March
ISM new orders dropped to 64.50 in the US, in March. In the prior month, ISM new orders had registered a reading of 65.10.
Canadian firms expecting sales to grow at a faster pace over the next 12 months eased in 1Q 2017
The balance of opinion on future sales dropped to 21.00% from 26.00% in the previous quarter.
Canada’s overall business lending conditions dropped in 1Q 2017
Overall business lending conditions in Canada eased during the 1Q 2017, with the reading coming in at -1.90 from a reading of -2.60 in the previous quarter.
Japanese monetary base climbed in March
The monetary base in Japan recorded a rise of 20.30% on a YoY basis, in March. The monetary base had recorded a rise of 21.40% in the prior month.
Japanese vehicle sales rose in March
In March, on a YoY basis, vehicle sales rose 13.80% in Japan. In the prior month, vehicle sales had risen 13.40%.
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