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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK new car registrations dropped in March
On a YoY basis, new car registrations recorded a drop of 15.70% in March, in the UK. In the previous month, new car registrations had fallen 2.80%.
UK services PMI declined in March
In the UK, the services PMI eased to 51.70 in March, compared to a level of 54.50 in the prior month. Markets were anticipating the services PMI to drop to a level of 54.00.
UK Markit composite PMI slid in March
In March, the preliminary Markit composite PMI in the UK fell to a level of 52.50, lower than market expectations of a fall to 54.00. Markit composite PMI had registered a level of 54.50 in the previous month.
UK official reserves rose in March
In March, official reserves advanced $1493.00 million in the UK. In the prior month, official reserves had registered a rise of $651.00 million.
Euro-zone services PMI dropped in March
The final services PMI fell to a level of 54.90 in the Euro-zone, in March, compared to a level of 56.20 in the previous month. Markets were expecting services PMI to fall to a level of 55.00. The preliminary figures had recorded a drop to 55.00.
Euro-zone retail sales advanced less than expected in February
The seasonally adjusted retail sales recorded a rise of 1.80% on a YoY basis in the Euro-zone, in February, compared to a revised advance of 1.50% in the prior month. Market anticipation was for retail sales to rise 2.20%.
Euro-zone retail sales advanced less than expected in February
The seasonally adjusted retail sales advanced 0.10% on a MoM basis in the Euro-zone in February, lower than market expectations for a rise of 0.50%. In the prior month, retail sales had registered a revised drop of 0.30%.
Euro-zone PPI surprisingly climbed in February
On a monthly basis, in February, the producer price index (PPI) registered an unexpected rise of 0.10% in the Euro-zone, compared to a rise of 0.40% in the prior month. Market expectation was for the PPI to remain unchanged.
Euro-zone PPI rose more than expected in February
In February, on a YoY basis, the PPI climbed 1.60% in the Euro-zone, higher than market expectations for an advance of 1.50%. In the previous month, the PPI had registered a revised similar rise.
Euro-zone composite PMI dropped in March
The final composite PMI dropped to 55.20 in the Euro-zone, in March, lower than market expectations of a fall to 55.30. In the prior month, composite PMI had recorded a reading of 57.10.
German Markit composite PMI dropped in March
The final Markit composite PMI fell to a level of 55.10 in Germany, in March, compared to a reading of 57.60 in the prior month. Market expectation was for Markit composite PMI to fall to a level of 55.40.
German factory orders advanced less than expected in February
On a monthly basis, the seasonally adjusted factory orders recorded a rise of 0.30% in February, in Germany, compared to a revised fall of 3.50% in the prior month. Market expectation was for factory orders to rise 1.50%.
German services PMI slid in March
In March, the final services PMI dropped to 53.90 in Germany, compared to market expectations of a drop to a level of 54.20. Services PMI had recorded a level of 55.30 in the previous month.
German factory orders rose less than expected in February
On an annual basis, the non-seasonally adjusted factory orders registered a rise of 3.50% in Germany, in February, less than market expectations for a rise of 6.50%. In the prior month, factory orders had recorded a revised rise of 8.60%.
French services PMI dropped in March
The final services PMI in France registered a drop to 56.90 in March, higher than market expectations of a drop to 56.80. Services PMI had recorded a level of 57.40 in the prior month.
French Markit composite PMI declined in March
In France, the final Markit composite PMI registered a drop to 56.30 in March, compared to market expectations of a fall to a level of 56.20. In the previous month, Markit composite PMI had recorded a level of 57.30.
Italian services PMI dropped in March
The services PMI in Italy registered a drop to 52.60 in March, compared to market expectations of a drop to a level of 53.90. The services PMI had registered a level of 55.00 in the prior month.
Spanish services PMI fell in March
The services PMI eased to 56.20 in Spain, in March, higher than market expectations of a drop to 56.10. In the previous month, the services PMI had recorded a level of 57.30.
Swiss EU HICP climbed in March
In March, on a YoY basis, the EU harmonised consumer price index (HICP) advanced 0.70% in Switzerland. The EU HICP had risen 0.50% in the previous month.
Swiss CPI advanced more than expected in March
On a MoM basis in March, the CPI (consumer price index) rose 0.40% in Switzerland, higher than market expectations for a rise of 0.20%. The CPI had registered a similar rise in the prior month.
Swiss CPI rose more than expected in March
In March, on a YoY basis, the CPI in Switzerland recorded a rise of 0.80%, higher than market expectations for an advance of 0.70%. The CPI had recorded a rise of 0.60% in the previous month.
Swiss EU HICP rose in March
The EU HICP in Switzerland registered a rise of 0.30% in March on a MoM basis. The EU HICP had registered a similar rise in the prior month.
US trade deficit widened in February
The US has reported trade deficit of $57.60 billion in February, from a revised trade deficit of $56.70 billion in the previous month. Market anticipation was for the nation to register a trade deficit of $56.80 billion.
US continuing jobless claims declined in the last week
The seasonally adjusted continuing jobless claims in the US registered a drop to 1808.00K in the week ended 24 March 2018, lower than market expectations of a drop to a level of 1843.00K. In the previous week, continuing jobless claims had recorded a revised reading of 1872.00K.
US initial jobless claims rose in the last week
In the week ended 31 March 2018, the seasonally adjusted initial jobless claims rose to a level of 242.00K in the US, compared to market expectations of a rise to a level of 225.00K. Initial jobless claims had registered a revised reading of 218.00 K in the previous week.
Canadian international merchandise trade deficit widened in February
The international merchandise trade deficit in Canada widened to C$2.69 billion in February, following a revised international merchandise trade deficit of C$1.94 billion in the previous month. Market expectation was for the nation to register an international merchandise trade deficit of C$2.10 billion.
Japanese labour cash earnings rose more than expected in February
In February, labour cash earnings in Japan registered a rise of 1.30% on an annual basis, more than market expectations for an advance of 0.50%. In the previous month, labour cash earnings had registered a revised rise of 1.20%.
Japanese household spending advanced less than expected in February
On a YoY basis in February, household spending registered a rise of 0.10% in Japan, less than market expectations for an advance of 0.40%. In the previous month, household spending had recorded a rise of 2.00%.
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