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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BRC shop price index declined as expected in March
In the UK, the BRC shop price index fell 0.80% on a YoY basis in March, in line with market expectations. In the previous month, the BRC shop price index had fallen 1.00%.
UK construction PMI surprisingly dropped in March
In March, the construction PMI fell unexpectedly to a level of 52.20 in the UK, lower than market expectations of a steady reading. The construction PMI had recorded a reading of 52.50 in the previous month.
Euro-zone retail sales rose more than expected in February
On a MoM basis, the seasonally adjusted retail sales advanced 0.70% in February, in the Euro-zone, compared to a revised advance of 0.10% in the previous month. Market expectation was for retail sales to climb 0.50%.
Italian deficit to GDP (YTD) fell in 4Q 2016
In Italy, deficit to GDP (YTD) eased to 2.40% in 4Q 2016. In the prior quarter, deficit to GDP (YTD) had recorded a revised reading of 2.50%.
Number of people unemployed in Spain dropped in March
In Spain, number of people unemployed recorded a drop of 48.60 K in March, compared to market expectations of a decline of 40.90 K. Number of people unemployed had recorded a loss of 9.40 K in the previous month.
US non-defence capital goods shipments (ex aircraft) rose in February
On a MoM basis, the final non-defence capital goods shipments (ex aircraft) recorded a rise of 1.00% in February, in the US. In the previous month, the non-defence capital goods shipments (ex aircraft) had fallen by a revised 0.30%. The preliminary figures had also indicated a rise of 1.00%.
US Redbook index advanced in the last week
On an annual basis, the Redbook index advanced 1.30% in the week ended 31 March 2017, in the US. The Redbook index had risen 0.60% in the prior week.
US non-defence capital goods orders (ex aircraft) dropped in February
The final non-defence capital goods orders (ex aircraft) fell 0.10% on a MoM basis in the US, in February. The non-defence capital goods orders (ex aircraft) had recorded a revised rise of 0.10% in the previous month. The preliminary figures had also recorded a fall of 0.10%.
US Redbook index dropped in the last week
The seasonally adjusted Redbook index slid 0.70% on a monthly basis in the US, in the week ended 31 March 2017. The Redbook index had registered a similar fall in the previous week.
US durable goods orders rose more than expected in February
On a MoM basis, the final durable goods orders registered a rise of 1.80% in the US, in February, higher than market expectations for an advance of 1.70%. In the prior month, durable goods orders had risen by a revised 2.30%. The preliminary figures had indicated a rise of 1.70%.
US durable goods orders (ex transportation) rose in February
On a MoM basis, the final durable goods orders (ex transportation) in the US rose 0.50% in February. Durable goods orders (ex transportation) had climbed by a revised 0.20% in the previous month. The preliminary figures had recorded an advance of 0.40%.
US trade deficit dropped in February
The US has posted trade deficit of $43.60 billion in February, following a revised trade deficit of $48.20 billion in the prior month. Markets were anticipating the nation to register a trade deficit of $44.60 billion.
US factory orders advanced as expected in February
On a monthly basis, factory orders in the US recorded a rise of 1.00% in February, at par with market expectations. In the prior month, factory orders had advanced by a revised 1.50%.
Canada recorded international merchandise trade deficit in February
The international merchandise trade deficit in Canada stood at C$0.97 billion in February, compared to a revised international merchandise trade surplus of C$0.42 billion in the prior month. Market anticipation was for the nation’s international merchandise trade surplus to widen to C$0.60 billion.
Japanese Markit composite PMI advanced in March
In Japan, Markit composite PMI registered a rise to 52.90 in March. In the previous month, Markit composite PMI had recorded a level of 52.20.
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