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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German factory orders declined more than expected in December
In Germany, the seasonally adjusted factory orders dropped 0.70% in December on a MoM basis, compared to a rise of 1.50% in the prior month. Markets were expecting factory orders to drop 0.50%.
German factory orders declined more than expected in December
The non-seasonally adjusted factory orders eased 2.70% on a YoY basis in December, in Germany, more than market expectations for a drop of 1.40%. In the previous month, factory orders had advanced 2.10%.
French trade deficit dropped in December
Trade deficit in France narrowed to €3.94 billion in December, compared to market expectations of a trade deficit of €4.40 billion. France had registered a revised trade deficit of €4.53 billion in the prior month.
French current account deficit dropped in December
Current account deficit in France narrowed to €0.70 billion in December, following a revised current account deficit of €1.50 billion in the previous month.
French imports fell in December
In France, imports registered a drop to €41.99 billion in December, compared to a revised reading of €42.91 billion in the previous month.
French exports recorded a drop in December
In December, exports in France fell to a level of €38.05 billion, compared to a reading of €38.42 billion in the previous month.
Swiss foreign currency reserves advanced in January
Foreign currency reserves registered a rise to CHF 575.40 billion in January, in Switzerland. Foreign currency reserves had recorded a revised level of CHF 559.50 billion in the previous month.
US average hourly earnings of all employees advanced more than expected in January
In January, average hourly earnings of all employees registered a rise of 2.50% on a YoY basis in the US, more than market expectations for an advance of 2.20%. Average hourly earnings of all employees had risen by a revised 2.70% in the previous month.
Private payrolls in the US recorded a rise in January
Private payrolls registered a rise of 158.00 K in the US, in January, lower than market expectations of an advance of 180.00 K. Private payrolls had recorded a revised increase of 251.00 K in the previous month.
US average weekly hours of all employees climbed surprisingly in January
Average weekly hours of all employees registered an unexpected rise to 34.60 in January, in the US, compared to market expectations of an unchanged reading. Average weekly hours of all employees had recorded a reading of 34.50 in the previous month.
Manufacturing payrolls in the US registered an unexpected increase in January
In the US, manufacturing payrolls increased unexpectedly by 29.00 K in January, following a revised increase of 13.00 K in the prior month. Market expectation was for manufacturing payrolls to decline 2.00 K.
US unemployment rate registered an unexpected drop in January
Unemployment rate in the US registered an unexpected drop to 4.90% in January, compared to market expectations of a steady reading. Unemployment rate had registered a level of 5.00% in the previous month.
Non-farm payrolls in the US climbed in January
Non-farm payrolls climbed by 151.00 K in the US, in January, lower than market anticipations of an advance of 190.00 K. Non-farm payrolls had registered a revised increase of 262.00 K in the previous month.
Household employment in the US advanced in January
Household employment in the US climbed by 615.00 K in January, compared to an increase of 485.00 K in the previous month.
US underemployment rate remained unchanged in January
Underemployment rate remained unchanged at a level of 9.90% in January, in the US.
US average hourly earnings of all employees rose more than expected in January
Average hourly earnings of all employees in the US recorded a rise of 0.50% in January on a monthly basis, higher than market expectations for a rise of 0.30%. In the previous month, average hourly earnings of all employees had recorded a flat reading.
US trade deficit widened in December
The US has reported trade deficit of $43.36 billion in December, following a revised trade deficit of $42.23 billion in the prior month. Markets were anticipating the nation to post a trade deficit of $43.20 billion.
Canadian participation rate steadied in January
The participation rate remained steady at 65.90% in January, in Canada, in line with market expectations.
Number of full time employment in Canada advanced in January
The number of full time employment rose by 5.60 K in Canada, in January, compared to a revised decline of 9.60 K in the previous month.
Canadian international merchandise trade deficit narrowed in December
Canada has registered the international merchandise trade deficit of C$0.58 billion in December, following a revised international merchandise trade deficit of C$1.59 billion in the prior month. Market anticipation was for an international merchandise trade deficit of C$2.20 billion.
Part time employment in Canada declined in January
Part time employment eased by 11.30 K in Canada, in January. Part time employment had recorded a revised gain of 32.40 K in the prior month.
Canadian unemployment rate advanced surprisingly in January
In January, the unemployment rate rose unexpectedly to 7.20% in Canada, compared to a reading of 7.10% in the previous month. Market expectation was for the unemployment rate to record a steady reading.
Net number of people employed in Canada surprisingly fell in January
The net number of people employed in Canada eased unexpectedly by 5.70 K in January, compared to a revised gain of 24.10 K in the prior month. Market expectation was for the net number of people employed to rise 6.00 K.
Japanese bank lending including trusts climbed in January
Bank lending including trusts climbed 2.30% on an annual basis in Japan, in January. In the previous month, bank lending including trusts had registered a rise of 2.20%.
Japanese bank lending ex-trust advanced more than expected in January
On an annual basis in January, bank lending ex-trust climbed 2.40% in Japan, more than market expectations for an advance of 2.20%. Bank lending ex-trust had advanced 2.20% in the previous month.
Japanese coincident index declined in December
In Japan, the preliminary coincident index eased to 111.20 in December, compared to a reading of 111.90 in the previous month. Markets were anticipating the coincident index to ease to 111.00.
Japanese labour cash earnings advanced less than expected in December
Labour cash earnings registered a rise of 0.10% in Japan on a YoY basis in December, less than market expectations for a rise of 0.70%. In the previous month, labour cash earnings had registered an unchanged reading.
Japanese leading economic index declined in December
The preliminary leading economic index in Japan recorded a drop to 102.00 in December, lower than market expectations of a drop to a level of 102.70. The leading economic index had registered a reading of 103.50 in the previous month.
Japanese current account surplus dropped in December
Japan has registered the non-seasonally adjusted current account surplus of ¥960.70 billion in December, from a current account surplus of ¥1143.50 billion in the prior month. Markets were expecting the nation to record a current account surplus of ¥1051.70 billion.
Japan recorded (BOP basis) trade surplus in December
Japan has reported (BOP basis) trade surplus of ¥188.70 billion in December, from a (BOP basis) trade deficit of ¥271.50 billion in the previous month. Market anticipation was for the nation to register a (BOP basis) trade surplus of ¥305.30 billion.
Japanese adjusted (total) current account surplus rose in December
In December, adjusted (total) current account surplus in Japan expanded to ¥1635.40 billion, compared to market expectations of an adjusted (total) current account surplus of ¥1590.00 billion. Japan had registered an adjusted (total) current account surplus of ¥1423.50 billion in the prior month.
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