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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK consumer confidence surprisingly rose in May
The consumer confidence in the UK recorded an unexpected rise to -5.00 in May, higher than market expectations of a drop to -8.00. The consumer confidence had recorded a reading of -7.00 in the prior month.
UK BRC shop price index dropped more than expected in May
In May, on an annual basis, the BRC shop price index in the UK fell 0.40%, compared to a fall of 0.50% in the prior month. Market expectation was for the BRC shop price index to fall 0.30%.
UK business barometer declined in May
The business barometer in the UK recorded a drop to 27.00 % in May. The business barometer had registered a reading of 47.00 % in the previous month.
Euro-zone consumer confidence index rose in May
The final consumer confidence index advanced to -3.30 in the Euro-zone, in May, in line with market expectations. The preliminary figures had also indicated an advance to -3.30. In the previous month, the consumer confidence index had registered a level of -3.60.
Euro-zone business climate indicator surprisingly dropped in May
The business climate indicator in the Euro-zone eased unexpectedly to a level of 0.90 in May, lower than market expectations of an advance to a level of 1.11. The business climate indicator had registered a revised reading of 1.10 in the previous month.
Euro-zone economic sentiment indicator surprisingly dropped in May
In May, the economic sentiment indicator in the Euro-zone fell unexpectedly to a level of 109.20, compared to market expectations of a rise to 110.00. In the previous month, the economic sentiment indicator had recorded a revised level of 109.70.
Euro-zone services sentiment indicator surprisingly eased in May
In May, the services sentiment indicator in the Euro-zone dropped unexpectedly to a level of 13.00, lower than market expectations of a steady reading. In the previous month, the services sentiment indicator had registered a level of 14.20.
Euro-zone industrial confidence index advanced in May
In May, the industrial confidence index climbed to 2.80 in the Euro-zone, compared to market expectations of an advance to 3.10. In the previous month, the industrial confidence index had recorded a level of 2.60.
German HICP advanced less than expected in May
On an annual basis, the flash harmonised consumer price index (HICP) rose 1.40% in Germany, in May, compared to a rise of 2.00% in the previous month. Market anticipation was for the HICP to rise 1.50%.
German CPI dropped more than expected in May
In May, on a MoM basis, the preliminary consumer price index (CPI) fell 0.20% in Germany, more than market expectations for a drop of 0.10%. In the prior month, the CPI had recorded a flat reading.
German import price index rose less than expected in April
On a YoY basis, the import price index in Germany registered a rise of 6.10% in April, less than market expectations for a rise of 6.30%. The import price index had registered a similar rise in the previous month.
German CPI rose less than expected in May
The preliminary CPI climbed 1.50% in Germany on an annual basis in May, less than market expectations for an advance of 1.60%. In the previous month, the CPI had climbed 2.00%.
German import price index unexpectedly dropped in April
The import price index registered an unexpected drop of 0.10% on a monthly basis in April, in Germany, lower than market expectations for a rise of 0.10%. The import price index had recorded a drop of 0.50% in the previous month.
German HICP fell more than expected in May
On a MoM basis, the preliminary HICP recorded a drop of 0.20% in May, in Germany, more than market expectations for a drop of 0.10%. The HICP had registered an unchanged reading in the previous month.
French GDP rose more than expected in 1Q 2017
The second estimate of gross domestic product (GDP) advanced 0.40% on a quarterly basis in 1Q 2017, in France, higher than market expectations for a rise of 0.30%. GDP had recorded a revised rise of 0.50% in the prior quarter. The preliminary figures had recorded a rise of 0.30%.
French consumer spending advanced less than expected in April
In April, on a MoM basis, consumer spending rose 0.50% in France, less than market expectations for an advance of 0.80%. Consumer spending had registered a revised drop of 0.10% in the previous month.
French consumer confidence rose in May
Consumer confidence advanced to 102.00 in May, in France, compared to market expectations of a rise to a level of 101.00. In the previous month, consumer confidence had recorded a reading of 100.00.
French GDP advanced more than expected in 1Q 2017
The second estimate of GDP in France recorded a rise of 1.00% on a YoY basis in 1Q 2017, more than market expectations for a rise of 0.80%. The preliminary figures had recorded an advance of 0.80%. In the previous quarter, GDP had climbed by a revised 1.20%.
Italian PPI rose in April
In April, on a YoY basis, the producer price index (PPI) recorded a rise of 4.40% in Italy. The PPI had climbed 3.40% in the prior month.
Italian PPI rose in April
On a monthly basis, the PPI recorded a rise of 0.10% in Italy, in April. The PPI had dropped 0.10% in the prior month.
Spanish HICP index advanced less than expected in May
In May, on an annual basis, the flash HICP index registered a rise of 2.00% in Spain, compared to an advance of 2.60% in the previous month. Markets were expecting the HICP index to advance 2.10%.
Spanish CPI surprisingly dropped in May
The preliminary CPI in Spain unexpectedly fell 0.10% on a MoM basis in May, less than market expectations for a steady reading. The CPI had climbed 1.00% in the previous month.
Spanish HICP index remained flat in May
The flash HICP index in Spain remained steady in May on a MoM basis, compared to an advance of 0.90% in the prior month. Markets were expecting the HICP index to ease 0.10%.
Spanish CPI rose less than expected in May
In May, on a YoY basis, the preliminary CPI recorded a rise of 1.90% in Spain, less than market expectations for a rise of 2.10%. The CPI had risen 2.60% in the previous month.
Swiss KOF economic barometer declined in May
The KOF economic barometer eased to 101.60 in Switzerland, in May, compared to a revised level of 106.30 in the prior month. Markets were anticipating the KOF economic barometer to fall to a level of 105.80.
US core personal consumption expenditure rose more than expected in April
Core personal consumption expenditure recorded a rise of 0.20% on a monthly basis in April, in the US, higher than market expectations for a rise of 0.10%. In the previous month, core personal consumption expenditure had registered a drop of 0.10%.
US S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas advanced more than expected in March
On a YoY basis, in March, the S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas rose 5.89% in the US, higher than market expectations for a rise of 5.61%. The S&P/Case-Shiller composite home price index (HPI) of 20 metropolitan areas had advanced 5.85% in the previous month.
US CB consumer confidence index surprisingly slid in May
In May, the CB consumer confidence index eased unexpectedly to 117.90 in the US, compared to a revised level of 119.40 in the previous month. Market expectation was for the CB consumer confidence index to advance to 119.50.
US Dallas Fed manufacturing business index unexpectedly rose in May
The Dallas Fed manufacturing business index rose unexpectedly to a level of 17.20 in May, in the US, compared to a level of 16.80 in the previous month. Market anticipation was for the Dallas Fed manufacturing business index to ease to a level of 15.00.
US core personal consumption expenditure advanced as expected in April
On a YoY basis, core personal consumption expenditure recorded a rise of 1.50% in the US, in April, in line with market expectations. Core personal consumption expenditure had recorded a rise of 1.60% in the prior month.
US personal consumption expenditure deflator rose as expected in April
On a MoM basis in April, personal consumption expenditure deflator recorded a rise of 0.20% in the US, compared to a fall of 0.20% in the prior month. Markets were anticipating personal consumption expenditure deflator to rise 0.20%.
US personal consumption expenditure deflator rose as expected in April
In April, on a YoY basis, personal consumption expenditure deflator in the US advanced 1.70%, compared to a revised rise of 1.90% in the prior month. Markets were anticipating personal consumption expenditure deflator to climb 1.70%.
US S&P/Case-Shiller composite index of 20 metropolitan areas advanced less than expected in March
The seasonally adjusted S&P/Case-Shiller composite index of 20 metropolitan areas advanced 0.87% on a monthly basis in March, in the US, compared to a revised rise of 0.71% in the previous month. Market anticipation was for the S&P/Case-Shiller composite index of 20 metropolitan areas to climb 0.90%.
US personal income rose as expected in April
Personal income rose 0.40% in the US, on a MoM basis in April, in line with market expectations. In the previous month, personal income had recorded a rise of 0.20%.
US S&P/Case-Shiller home price index climbed in March
In March, the S&P/Case-Shiller home price index rose to a level of 195.39 in the US, compared to a revised reading of 193.50 in the previous month. Market anticipation was for the S&P/Case-Shiller home price index to advance to a level of 195.39.
US personal spending advanced as expected in April
In April, on a monthly basis, personal spending in the US recorded a rise of 0.40%, meeting market expectations. Personal spending had recorded a revised rise of 0.30% in the previous month.
Canadian industrial product price index rose in April
The industrial product price index in Canada climbed 0.60% on a monthly basis, in April. The industrial product price index had registered a rise of 0.80% in the previous month.
Canadian raw material price index climbed in April
The raw material price index climbed 1.60% in Canada on a MoM basis, in April. In the prior month, the raw material price index had dropped by a revised 1.70%.
Canadian current account deficit rose in 1Q 2017
Current account deficit in Canada widened to C$14.05 billion in 1Q 2017, from a revised current account deficit of C$11.78 billion in the previous quarter. Markets were anticipating the country’s current account deficit to rise to C$12.00 billion.
Japanese industrial production advanced less than expected in April
On an annual basis, the preliminary industrial production recorded a rise of 5.70% in April, in Japan, less than market expectations for a rise of 6.10%. In the prior month, industrial production had climbed 3.50%.
Japanese industrial production advanced less than expected in April
The preliminary industrial production in Japan climbed 4.00% on a monthly basis in April, compared to a drop of 1.90% in the prior month. Market anticipation was for industrial production to climb 4.20%.
Japanese vehicle production rose in April
Vehicle production advanced 16.30% on an annual basis in Japan, in April. Vehicle production had recorded a revised rise of 4.50% in the prior month.
Chinese NBS non-manufacturing PMI advanced in May
The NBS non-manufacturing PMI climbed to 54.50 in May, in China. The NBS non-manufacturing PMI had registered a reading of 54.00 in the prior month.
Chinese NBS manufacturing PMI remained unchanged in May
In May, the NBS manufacturing PMI remained flat at a level of 51.20 in China, higher than market expectations of a fall to 51.00.
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