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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector net cash requirement posted a surplus in December
Public finances (public sector net cash requirement) in the UK has reported a surplus £8.10 billion in December, from a revised surplus of £7.10 billion in the previous month.
UK public sector net borrowing posted a surplus in December
In the UK, in December, the public sector net borrowing has posted a surplus £6.90 billion, as compared to a revised surplus of £12.90 billion in the previous month. Markets were anticipating public sector net borrowing to show a surplus of £10.00 billion.
UK public sector net borrowing reported a surplus in December
In the UK, in December, the public sector net borrowing (excluding temporary effects of financial interventions) has reported a surplus £7.50 billion, as compared to a revised surplus of £13.50 billion in the prior month. Market anticipation was for public sector net borrowing to announce a surplus of £10.50 billion.
UK retail sales rose less than expected in December
Retail sales in the UK registered a rise of 2.60% on a YoY basis in December, less than market expectations for a rise of 4.40%. In the prior month, retail sales had climbed by a revised 4.50%.
UK retail sales fell more than expected in December
In December, retail sales dropped 1.00% on a MoM basis in the UK, more than market expectations for a fall of 0.30%. Retail sales had risen by a revised 1.30% in the previous month.
Euro-zone composite PMI recorded a decline in January
In the Euro-zone, the flash composite PMI fell to a level of 53.50 in January, compared to a reading of 54.30 in the prior month. Markets were expecting composite PMI to drop to 54.10.
Euro-zone services PMI recorded an unexpected drop in January
The preliminary services PMI registered an unexpected drop to 53.60 in January, in the Euro-zone, compared to a reading of 54.20 in the prior month. Market anticipation was for services PMI to remain unchanged.
Euro-zone manufacturing PMI declined in January
The preliminary manufacturing PMI in the Euro-zone registered a drop to 52.30 in January, compared to market expectations of a drop to a level of 53.00. The manufacturing PMI had recorded a reading of 53.20 in the previous month.
German manufacturing PMI slid in January
The flash manufacturing PMI in Germany recorded a drop to 52.10 in January, compared to market expectations of a drop to 53.00. Manufacturing PMI had recorded a reading of 53.20 in the prior month.
German services PMI eased in January
The preliminary services PMI fell to a level of 55.40 in January, in Germany, compared to market expectations of a drop to 55.50. In the previous month, services PMI had recorded a reading of 56.00.
French services PMI advanced in January
In January, the flash services PMI in France rose to a level of 50.60, higher than market expectations of an advance to 50.10. In the prior month, services PMI had recorded a reading of 49.80.
French manufacturing PMI registered a drop in January
The flash manufacturing PMI eased to 50.00 in January, in France, compared to market expectations of a drop to 51.30. Manufacturing PMI had recorded a reading of 51.40 in the prior month.
US existing home sales advanced in December
In December, existing home sales climbed 14.70%, on MoM basis, to a level of 5.46 million in the US, higher than market expectations of 5.20 million. In the prior month, existing home sales had registered a reading of 4.76 million.
US Chicago Fed national activity index registered a rise in December
The Chicago Fed national activity index climbed to -0.22 in the US, in December, higher than market expectations of an advance to a level of -0.15. The Chicago Fed national activity index had registered a revised reading of -0.36 in the previous month.
US Markit manufacturing PMI rose surprisingly in January
Compared to a reading of 51.20 in the previous month the flash Markit manufacturing PMI advanced unexpectedly to 52.70 in January, in the US. Markets were expecting the Markit manufacturing PMI to fall to 51.00.
US leading indicator declined as expected in December
In the US, leading indicator slid 0.20% in December on a monthly basis, in line with market expectations. In the previous month, leading indicator had recorded a revised rise of 0.50%.
Canadian core CPI fell more than expected in December
In December, the core consumer price index (CPI) in Canada eased 0.40% on a monthly basis, higher than market expectations for a fall of 0.30%. In the prior month, the core CPI had dropped 0.30%.
Canadian core CPI rose less than expected in December
In December, on a monthly basis, the seasonally adjusted core CPI in Canada registered a rise of 0.10%, compared to a similar rise in the prior month. Market anticipation was for core CPI to rise 0.20%.
Canadian retail sales (ex-autos) advanced more than expected in November
In November, on a monthly basis, retail sales (ex-autos) in Canada rose 1.10%, compared to a flat reading in the previous month. Market anticipation was for retail sales (ex-autos) to rise 0.40%.
Canadian CPI dropped more than expected in December
On a monthly basis, the CPI dropped 0.50% in December, in Canada, higher than market expectations for a fall of 0.40%. The CPI had recorded a drop of 0.10% in the previous month.
Canadian CPI recorded a drop in December
The CPI recorded a drop of, on MoM basis, to a level of 126.50 in Canada, in December, lower than market expectations of 126.60. In the prior month, the CPI had recorded a reading of 127.10.
Canadian retail sales rose more than expected in November
In November, on a MoM basis, retail sales in Canada registered a rise of 1.70%, compared to a rise of 0.10% in the previous month. Market anticipation was for retail sales to advance 0.20%.
Canadian CPI rose as expected in December
On a MoM basis, the seasonally adjusted CPI climbed 0.10% in Canada, in December, meeting market expectations. In the previous month, CPI had registered a rise of 0.20%.
Japanese exports declined more than expected in December
Exports in Japan dropped 8.00% in December on an annual basis, compared to a drop of 3.30% in the previous month. Markets were anticipating exports to ease 7.00%.
Japanese imports dropped more than expected in December
In December, on a YoY basis, imports dropped 18.00% in Japan, higher than market expectations for a drop of 16.40%. Imports had recorded a drop of 10.20% in the prior month.
Japan recorded merchandise (total) trade surplus in December
In December, merchandise (total) trade surplus in Japan recorded a level of ¥140.20 billion, from a revised merchandise (total) trade deficit of ¥381.30 billion in the prior month. Market expectation was for the nation to post a merchandise (total) trade surplus of ¥110.00 billion.
Japanese adjusted merchandise trade surplus expanded in December
Adjusted merchandise trade surplus in Japan expanded to ¥36.60 billion in December, following a revised adjusted merchandise trade surplus of ¥22.40 billion in the previous month. Market anticipation was for the nation to post an adjusted merchandise trade surplus of ¥84.20 billion.
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