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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index rose less than expected in the January-March 2017 period
The Halifax house price index in the UK registered a rise of 3.80% in the January-March 2017 period on a YoY basis, less than market expectations for an advance of 4.00%. In the December-February 2017 period, the Halifax house price index had advanced 5.10%.
UK manufacturing production surprisingly eased in February
Manufacturing production in the UK unexpectedly dropped 0.10% on a monthly basis in February, lower than market expectations for a rise of 0.30%. In the prior month, manufacturing production had dropped by a revised 1.00%.
UK industrial production rose less than expected in February
Industrial production registered a rise of 2.80% in the UK on an annual basis in February, compared to a revised rise of 3.30% in the previous month. Market expectation was for industrial production to advance 3.70%.
UK NIESR estimated GDP advanced less than expected in the January-March 2017 period
NIESR estimated gross domestic product (GDP) rose 0.50% in the UK on a monthly basis in the January-March 2017 period, lower than market expectations for an advance of 0.60%. In the December-February 2017 period, NIESR estimated GDP had registered a revised similar rise.
UK Halifax house price index remained unchanged in March
The Halifax house price index remained unchanged on a MoM basis in the UK, in March, less than market expectations for a rise of 0.20%. In the previous month, the Halifax house price index had advanced 0.10%.
UK construction output surprisingly fell in February
In February, on a monthly basis, construction output in the UK recorded an unexpected drop of 1.70%, lower than market expectations for an advance of 0.10%. Construction output had registered a revised unchanged reading in the previous month.
UK manufacturing production advanced less than expected in February
In the UK, manufacturing production registered a rise of 3.30% on an annual basis in February, lower than market expectations for an advance of 3.90%. Manufacturing production had risen by a revised 2.60% in the prior month.
UK industrial production unexpectedly fell in February
In February, on a monthly basis, industrial production unexpectedly fell 0.70% in the UK, lower than market expectations for a rise of 0.20%. In the prior month, industrial production had registered a revised drop of 0.30%.
UK construction output rose less than expected in February
In February, on a YoY basis, construction output in the UK climbed 0.50%, compared to a revised advance of 2.30% in the prior month. Market expectation was for construction output to rise 1.90%.
UK total trade deficit widened in February
Total trade deficit in the UK rose to £3.66 billion in February, following a revised total trade deficit of £2.97 billion in the previous month. Market expectation was for the nation to record a total trade deficit of £2.20 billion.
UK visible trade deficit widened in February
In February, visible trade deficit in the UK rose to £12.46 billion, compared to market expectations of a visible trade deficit of £10.90 billion. The UK had posted a revised visible trade deficit of £11.97 billion in the prior month.
UK trade deficit fell in February
In February, non-EU trade deficit in the UK fell to £3.75 billion, more than market expectations of a trade deficit of £2.50 billion. The UK had registered a revised trade deficit of £3.76 billion in the prior month.
German exports unexpectedly advanced in February
The seasonally adjusted exports in Germany unexpectedly rose 0.80% in February on a monthly basis, compared to a revised rise of 2.40% in the prior month. Market expectation was for exports to drop 0.50%.
German current account surplus rose in February
The non-seasonally adjusted current account surplus in Germany rose to €20.40 billion in February, more than market expectations of a current account surplus of €19.10 billion. Germany had registered a revised current account surplus of €14.20 billion in the prior month.
German trade surplus rose in February
The seasonally adjusted trade surplus in Germany expanded to €19.90 billion in February, more than market expectations of a trade surplus of €17.70 billion. Germany had reported a revised trade surplus of €14.90 billion in the previous month.
German industrial production unexpectedly rose in February
In February, the seasonally adjusted industrial production unexpectedly rose 2.20% on a MoM basis in Germany, compared to a revised similar rise in the previous month. Markets were expecting industrial production to ease 0.20%.
German imports surprisingly dropped in February
The seasonally adjusted imports in Germany recorded an unexpected drop of 1.60% on a monthly basis in February, compared to a revised advance of 2.80% in the previous month. Markets were anticipating imports to advance 0.20%.
German industrial production advanced more than expected in February
In Germany, the non-seasonally & working day adjusted industrial production rose 2.50% on an annual basis in February, higher than market expectations for a rise of 0.50%. In the prior month, industrial production had registered a revised drop of 0.50%.
French trade deficit slid in February
In February, trade deficit in France fell to €6.57 billion, compared to a revised trade deficit of €8.05 billion in the prior month. Markets were expecting the nation’s trade deficit to drop to €4.90 billion.
French manufacturing production unexpectedly dropped in February
Manufacturing production unexpectedly eased 0.60% on a monthly basis in France, in February, less than market expectations for a rise of 0.90%. Manufacturing production had registered a revised drop of 1.90% in the previous month.
French industrial production unexpectedly dropped in February
On a MoM basis, industrial production unexpectedly fell 1.60% in February, in France, lower than market expectations for a rise of 0.50%. In the previous month, industrial production had fallen by a revised 0.20%.
French budget deficit widened in February
In February, budget deficit in France rose to €21.50 billion. France had reported a budget deficit of €5.40 billion in the prior month.
French current account deficit narrowed in February
Current account deficit in France fell to €3.60 billion in February, compared to a revised current account deficit of €5.80 billion in the previous month.
Italian retail sales surprisingly fell in February
On an annual basis, the non-seasonally adjusted retail sales recorded an unexpected drop of 1.00% in Italy, in February, less than market expectations for an advance of 0.50%. In the previous month, retail sales had recorded a revised flat reading.
Italian retail sales declined more than expected in February
In February, the seasonally adjusted retail sales registered a drop of 0.30% in Italy, on a monthly basis, more than market expectations for a drop of 0.20%. Retail sales had risen 1.40% in the previous month.
Spanish calendar adjusted industrial output rose less than expected in February
On an annual basis, the calendar adjusted industrial output in Spain registered a rise of 2.50% in February, compared to a revised advance of 2.60% in the previous month. Market anticipation was for the calendar adjusted industrial output to rise 3.20%.
Swiss foreign currency reserves rose in March
Foreign currency reserves in Switzerland recorded a rise to CHF 683.20 billion in March, compared to a reading of CHF 668.18 billion in the prior month. Market anticipation was for foreign currency reserves to rise to CHF 674.00 billion.
Swiss unemployment rate dropped in March
In March, the non-seasonally adjusted unemployment rate eased to 3.40% in Switzerland, compared to a level of 3.60% in the prior month. Markets were anticipating unemployment rate to ease to a level of 3.40%.
Swiss unemployment rate remained flat in March
The seasonally adjusted unemployment rate remained steady at 3.30% in Switzerland, in March. Market anticipation was for unemployment rate to record a steady reading.
Private payrolls in the US climbed in March
Private payrolls in the US recorded an increase of 89.00 K in March, following a revised gain of 221.00 K in the prior month. Markets were expecting private payrolls to rise 170.00 K.
US average hourly earnings of all employees advanced as expected in March
In March, average hourly earnings of all employees advanced 0.20% on a MoM basis in the US, compared to a revised rise of 0.30% in the prior month. Markets were anticipating average hourly earnings of all employees to advance 0.20%.
US average weekly hours of all employees remained flat in March
In the US, average weekly hours of all employees remained flat at a level of 34.30 in March, compared to market expectations of an advance to 34.40.
Non-farm payrolls in the US increased in March
Non-farm payrolls climbed by 98.00 K in the US, in March, compared to market expectations of an advance of 180.00 K. Non-farm payrolls had registered a revised increase of 219.00 K in the previous month.
US average hourly earnings of all employees rose as expected in March
Average hourly earnings of all employees in the US climbed 2.70% on a YoY basis in March, meeting market expectations. Average hourly earnings of all employees had registered a rise of 2.80% in the previous month.
US underemployment rate dropped in March
In the US, underemployment rate eased to 8.90% in March. In the prior month, underemployment rate had recorded a level of 9.20%.
Manufacturing payrolls in the US rose in March
Manufacturing payrolls in the US climbed by 11.00 K in March, following a revised gain of 26.00 K in the prior month. Markets were anticipating manufacturing payrolls to advance 17.00 K.
US unemployment rate surprisingly eased in March
In March, unemployment rate fell unexpectedly to a level of 4.50% in the US, compared to market expectations of an unchanged reading. In the previous month, unemployment rate had recorded a reading of 4.70%.
Canadian participation rate climbed in March
In Canada, the participation rate climbed to 65.90% in March. In the previous month, the participation rate had registered a level of 65.80%.
Part time employment in Canada rose in March
In Canada, part time employment registered a rise of 1.00 K in March. Part time employment had recorded a decline of 89.80 K in the prior month.
Net number of people employed in Canada rose in March
The net number of people employed registered a rise of 19.40 K in Canada, in March, compared to market anticipations of an advance of 5.70 K. The net number of people employed had registered an increase of 15.30 K in the previous month.
Canadian unemployment rate climbed in March
In Canada, the unemployment rate advanced to 6.70% in March, in line with market expectations. The unemployment rate had recorded a level of 6.60% in the prior month.
Number of full time employment in Canada increased in March
The number of full time employment rose by 18.40 K in Canada, in March. The number of full time employment had recorded a gain of 105.10 K in the prior month.
Japanese leading economic index eased in February
The flash leading economic index in Japan eased to 104.40 in February, lower than market expectations of a fall to a level of 104.60. The leading economic index had registered a level of 104.90 in the prior month.
Japanese coincident index rose in February
The preliminary coincident index rose to a level of 115.50 in Japan, in February, compared to a reading of 115.10 in the previous month. Market anticipation was for the coincident index to rise to 115.50.
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