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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail price index advanced more than expected in April
On an annual basis, the retail price index in the UK registered a rise of 3.50% in April, higher than market expectations for an advance of 3.40%. The retail price index had climbed 3.10% in the prior month.
UK core CPI advanced more than expected in April
The core consumer price index (CPI) advanced 2.40% in the UK on an annual basis in April, compared to an advance of 1.80% in the prior month. Markets were anticipating the core CPI to advance 2.30%.
UK CPI advanced more than expected in April
The CPI registered a rise of 2.70% in the UK, on a YoY basis in April, higher than market expectations for a rise of 2.60%. In the prior month, the CPI had climbed 2.30%.
UK output PPI advanced more than expected in April
The non-seasonally adjusted output producer price index (PPI) advanced 3.60% on an annual basis in April, in the UK, compared to a similar rise in the previous month. Market anticipation was for output PPI to climb 3.40%.
UK retail price index ex-mort int. payments rose more than expected in April
On a YoY basis, the retail price index ex-mort int. payments registered a rise of 3.80% in April, in the UK, compared to a rise of 3.40% in the prior month. Market anticipation was for the retail price index ex-mort int. payments to climb 3.70%.
UK PPI core output rose more than expected in April
The non-seasonally adjusted PPI core output registered a rise of 0.50% on a monthly basis in the UK in April, more than market expectations for a rise of 0.20%. In the prior month, PPI core output had recorded a rise of 0.30%.
UK house price index rose less than expected in March
The house price index climbed 4.10% on an annual basis in the UK, in March, compared to a revised rise of 5.60% in the previous month. Market anticipation was for the house price index to climb 5.30%.
UK output PPI rose more than expected in April
The non-seasonally adjusted output PPI advanced 0.40% on a monthly basis in April, in the UK, compared to a similar rise in the previous month. Market anticipation was for output PPI to rise 0.20%.
UK PPI core output advanced more than expected in April
In April, on an annual basis, the non-seasonally adjusted PPI core output climbed 2.80% in the UK, more than market expectations for an advance of 2.50%. In the prior month, PPI core output had climbed 2.50%.
UK retail price index climbed in April
In the UK, the retail price index advanced 0.50%, on MoM basis, to a level of 270.60 in April, compared to market expectations of 270.50. In the previous month, the retail price index had recorded a level of 269.30.
UK input PPI unexpectedly climbed in April
On a monthly basis, in April, the non-seasonally adjusted input PPI unexpectedly rose 0.10% in the UK, more than market expectations for a steady reading. Input PPI had recorded a revised unchanged reading in the previous month.
UK input PPI advanced less than expected in April
In the UK, the non-seasonally adjusted input PPI climbed 16.60% on a YoY basis in April, less than market expectations for an advance of 17.00%. In the prior month, input PPI had registered a revised rise of 17.40%.
UK CPI advanced more than expected in April
On a monthly basis, in the UK, the CPI recorded a rise of 0.50% in April, compared to an advance of 0.40% in the previous month. Market expectation was for the CPI to advance 0.40%.
Euro-zone economic sentiment index rose in May
In May, the economic sentiment index climbed to 35.10 in the Euro-zone, compared to a reading of 26.30 in the prior month.
Euro-zone trade surplus widened in March
In March, the non-seasonally adjusted trade surplus in the Euro-zone expanded to €30.90 billion, compared to a trade surplus of €17.80 billion in the prior month. Markets were anticipating the region to record a trade surplus of €25.80 billion.
Euro-zone GDP advanced as expected in 1Q 2017
In 1Q 2017, the seasonally adjusted second estimate of gross domestic product (GDP) climbed 0.50% in the Euro-zone on a QoQ basis, at par with market expectations. The preliminary figures had also indicated a rise of 0.50%. In the previous quarter, GDP had registered a revised similar rise.
Euro-zone trade surplus rose in March
The seasonally adjusted trade surplus in the Euro-zone rose to €23.10 billion in March, compared to a revised trade surplus of €18.80 billion in the prior month. Market anticipation was for the region’s a trade surplus to drop to €18.70 billion.
Euro-zone GDP advanced as expected in 1Q 2017
On an annual basis, the seasonally adjusted second estimate of GDP in the Euro-zone, recorded a rise of 1.70% in 1Q 2017, meeting market expectations. The preliminary figures had also indicated an advance of 1.70%. In the prior quarter, GDP had risen by a revised 1.80%.
Euro-zone new car registrations in EU 28 countries fell in April
In April, on a YoY basis, new car registrations in the EU 28 countries fell 6.60% in the Euro-zone. New car registrations in the EU 28 countries had registered a rise of 11.20% in the previous month.
German current situation index rose in May
In Germany, the current situation index rose to a level of 83.90 in May, compared to a level of 80.10 in the previous month. Market expectation was for the current situation index to advance to a level of 82.00.
German economic sentiment index advanced in May
The economic sentiment index recorded a rise to 20.60 in May, in Germany, compared to a level of 19.50 in the previous month. Markets were expecting the economic sentiment index to advance to a level of 22.00.
French CPI (ex-tobacco) rose as expected in April
In France, the final CPI (ex-tobacco) rose 1.20% in April, on an annual basis, at par with market expectations. The preliminary figures had also indicated an advance of 1.20%. In the previous month, the CPI (ex-tobacco) had risen 1.10%.
French CPI (ex-tobacco) rose as expected in April
In France, the final CPI (ex-tobacco) recorded a rise of 0.10% on a monthly basis in April, at par with market expectations. In the prior month, the CPI (ex-tobacco) had recorded a rise of 0.60%. The preliminary figures had also recorded an advance of 0.10%.
French EU normalised CPI rose as expected in April
On a monthly basis, in France, the final EU normalised CPI rose 0.10% in April, compared to a rise of 0.70% in the prior month. Market anticipation was for EU normalised CPI to advance 0.10%. The preliminary figures had also indicated an advance of 0.10%.
Italian GDP rose as expected in 1Q 2017
In 1Q 2017, the preliminary GDP recorded a rise of 0.20% on a QoQ basis in Italy, at par with market expectations. In the previous quarter, the GDP had registered a similar rise.
US Redbook index declined in the last week
On a monthly basis, the seasonally adjusted Redbook index recorded a drop of 1.10% in the week ended 12 May 2017, in the US. The Redbook index had recorded a drop of 1.60% in the prior week.
US housing starts unexpectedly eased in April
Housing starts in the US unexpectedly fell by 2.60%, on MoM basis, to an annual rate of 1172.00 K in April, compared to a revised reading of 1203.00 K in the previous month. Markets were anticipating housing starts to rise to 1260.00 K.
US mortgage foreclosures dropped in 1Q 2017
In 1Q 2017, mortgage foreclosures in the US recorded a drop to 1.39%, compared to a reading of 1.53% in the prior quarter.
US building permits surprisingly eased in April
Building permits unexpectedly eased by 2.50%, on monthly basis, to an annual rate of 1229.00 K in April, in the US, lower than market expectations of 1270.00 K. In the previous month, building permits had registered a revised reading of 1260.00 K.
US capacity utilisation rose in April
Capacity utilisation rose to a level of 76.70% in the US, in April, compared to market expectations of an advance to a level of 76.30%. Capacity utilisation had registered a reading of 76.10% in the previous month.
US mortgage delinquencies fell in 1Q 2017
Mortgage delinquencies dropped to 4.71% in the US, in 1Q 2017. Mortgage delinquencies had recorded a level of 4.80% in the prior quarter.
US Redbook index advanced in the last week
The Redbook index in the US rose 2.40% in the week ended 12 May 2017 on a YoY basis. In the prior week, the Redbook index had climbed 1.30%.
US industrial production rose more than expected in April
In the US, industrial production rose 1.00% on a monthly basis in April, compared to a revised advance of 0.40% in the previous month. Markets were anticipating industrial production to climb 0.40%.
US manufacturing production advanced more than expected in April
In the US, manufacturing production registered a rise of 1.00% in April on a MoM basis, higher than market expectations for an advance of 0.40%. In the previous month, manufacturing production had dropped 0.40%.
Japanese machinery orders unexpectedly eased in March
In March, machinery orders in Japan unexpectedly eased 0.70% on an annual basis, compared to an advance of 5.60% in the previous month. Market expectation was for machinery orders to climb 1.20%.
Japanese machinery orders advanced less than expected in March
Machinery orders in Japan rose 1.40% in March on a MoM basis, lower than market expectations for an advance of 2.50%. In the prior month, machinery orders had recorded a rise of 1.50%.
Japanese tertiary industry index unexpectedly dropped in March
On a MoM basis, the tertiary industry index unexpectedly fell 0.20% in March, in Japan, lower than market expectations for a rise of 0.10%. The tertiary industry index had recorded a revised unchanged reading in the previous month.
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