The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Rightmove house price index advanced in February
The Rightmove house price index in the UK recorded a rise of 2.90% on a MoM basis, in February. The Rightmove house price index had recorded a rise of 0.50% in the previous month.
UK Rightmove house price index rose in February
In February, on a YoY basis, the Rightmove house price index rose 7.30% in the UK. In the previous month, the Rightmove house price index had climbed 6.50%.
UK construction output advanced less than expected in December
Construction output registered a rise of 0.50% on an annual basis in December, in the UK, compared to a revised fall of 0.90% in the previous month. Markets were anticipating construction output to advance 0.80%.
Euro-zone industrial production unexpectedly slid in December
On a monthly basis, the seasonally adjusted industrial production unexpectedly fell 1.00% in December, in the Euro-zone, lower than market expectations for an advance of 0.30%. Industrial production had dropped by a revised 0.50% in the prior month.
Euro-zone GDP advanced as expected in 4Q 2015
The seasonally adjusted preliminary gross domestic product (GDP) registered a rise of 0.30% in the Euro-zone on a quarterly basis in 4Q 2015, compared to a similar rise in the previous quarter. Market anticipation was for GDP to rise 0.30%.
German CPI dropped as expected in January
On a monthly basis, in January, the final consumer price index (CPI) eased 0.80% in Germany, compared to a fall of 0.10% in the previous month. The preliminary figures had also recorded a fall of 0.80%. Market expectation was for the consumer price index to ease 0.80%.
German CPI advanced as expected in January
On a YoY basis in January, the final consumer price index recorded a rise of 0.50% in Germany, at par with market expectations. The preliminary figures had also indicated a rise of 0.50%. In the prior month, the consumer price index had risen 0.30%.
German wholesale price index fell in January
On an annual basis, the wholesale price index in Germany dropped 1.00% in January. In the prior month, the wholesale price index had registered a similar fall.
German wholesale price index slid in January
In January, on a monthly basis, the wholesale price index in Germany dropped 0.40%. In the previous month, the wholesale price index had dropped 0.80%.
German GDP advanced less than expected in 4Q 2015
In 4Q 2015, the working day adjusted flash gross domestic product (GDP) advanced 1.30% on a YoY basis in Germany, less than market expectations for a rise of 1.40%. In the prior quarter, GDP had risen 1.70%.
German GDP rose more than expected in 4Q 2015
In 4Q 2015, the non-seasonally adjusted flash GDP recorded a rise of 2.10% on an annual basis in Germany, more than market expectations for an advance of 1.70%. GDP had recorded a revised rise of 1.70% in the previous quarter.
German GDP advanced as expected in 4Q 2015
In Germany, the seasonally adjusted flash GDP advanced 0.30% on a QoQ basis in 4Q 2015, in line with market expectations. In the previous quarter, GDP had registered a similar rise.
French non-farm payrolls recorded an unexpected rise in 4Q 2015
The flash non-farm payrolls in France unexpectedly climbed 0.20% on a QoQ basis in 4Q 2015, compared to a flat reading in the previous quarter. Market expectation was for non-farm payrolls to remain unchanged.
Italian GDP advanced less than expected in 4Q 2015
The flash GDP advanced 0.10% in Italy on a QoQ basis in 4Q 2015, less than market expectations for an advance of 0.30%. In the prior quarter, the GDP had advanced 0.20%.
Spanish HICP index declined as expected in January
On an annual basis, the final harmonised consumer price (HICP) index slid 0.40% in Spain, in January, in line with market expectations. The preliminary figures had also indicated a drop of 0.40%. The HICP index had fallen 0.10% in the prior month.
Spanish HICP index declined as expected in January
The final HICP index registered a drop of 2.50% on a MoM basis in Spain, in January, at par with market expectations. The HICP index had fallen 0.40% in the previous month. The preliminary figures had also indicated a drop of 2.50%.
Spanish CPI declined as expected in January
On a MoM basis, in January, the final CPI dropped 1.90% in Spain, compared to a drop of 0.30% in the previous month. Market anticipation was for the CPI to drop 1.90%. The preliminary figures had also recorded a drop of 1.90%.
Spanish CPI fell as expected in January
The final CPI in Spain eased 0.30% on an annual basis in January, compared to a flat reading in the prior month. The preliminary figures had also recorded a fall of 0.30%. Markets were anticipating the CPI to drop 0.30%.
US import price index dropped less than expected in January
The import price index in the US recorded a drop of 1.10% in January on a MoM basis, less than market expectations for a fall of 1.50%. In the previous month, the import price index had registered a revised similar fall.
US retail sales ex-autos advanced unexpectedly in January
In January, retail sales ex-autos unexpectedly rose 0.10% on a monthly basis in the US, more than market expectations for a steady reading. Retail sales ex-autos had registered a revised similar rise in the previous month.
US Reuters/Michigan consumer sentiment index recorded an unexpected drop in February
In February, the flash Reuters/Michigan consumer sentiment index in the US fell unexpectedly to 90.70, lower than market expectations of an advance to 93.00. The Reuters/Michigan consumer sentiment index had recorded a level of 92.00 in the previous month.
US business inventories rose more than expected in December
Business inventories advanced 7.11% on a monthly basis in the US, in December, higher than market expectations for a rise of 0.20%. Business inventories had risen by a revised 6.94% in the prior month.
US import price index fell less than expected in January
The import price index dropped 6.20% in the US on a YoY basis in January, less than market expectations for a drop of 6.80%. The import price index had dropped by a revised 8.10% in the previous month.
US retail sales Control Group rose more than expected in January
In the US, retail sales Control Group recorded a rise of 0.60% on a monthly basis in January, compared to a fall of 0.30% in the previous month. Markets were expecting retail sales Control Group to rise 0.30%.
US retail sales (ex-auto & gas) rose more than expected in January
In January, retail sales (ex-auto & gas) recorded a rise of 0.40% in the US on a monthly basis, higher than market expectations for a rise of 0.30%. In the previous month, retail sales (ex-auto & gas) had recorded a revised rise of 0.10%.
US advance retail sales advanced more than expected in January
Advance retail sales climbed 0.20% on a MoM basis in the US, in January, compared to a revised similar rise in the prior month. Markets were anticipating advance retail sales to advance 0.10%.
Canadian house price index eased in January
The house price index in Canada dropped 0.10% on a MoM basis, in January. In the prior month, the house price index had registered a similar fall.
Japanese GDP deflator rose less than expected in 4Q 2015
On an annual basis, the flash GDP deflator registered a rise of 1.50% in 4Q 2015, in Japan, lower than market expectations for an advance of 1.60%. The GDP deflator had risen 1.80% in the previous quarter.
Japanese nominal GDP dropped more than expected in 4Q 2015
In Japan, the flash nominal GDP slid 0.30% on a quarterly basis in 4Q 2015, more than market expectations for a drop of 0.10%. In the prior quarter, nominal GDP had registered a rise of 0.40%.
Japanese annualised GDP dropped more than expected in 4Q 2015
In 4Q 2015, the flash annualised GDP fell 1.40% in Japan on a quarterly basis, higher than market expectations for a fall of 0.80%. In the prior quarter, annualised GDP had climbed 1.00%.
Japanese GDP fell more than expected in 4Q 2015
In 4Q 2015, on a quarterly basis, the flash GDP in Japan slid 0.40%, compared to a rise of 0.30% in the prior quarter. Market expectation was for GDP to ease 0.20%.
Chinese trade surplus rose in January
Trade surplus in China widened to $63.29 billion in January, from a trade surplus of $60.09 billion in the prior month. Markets were anticipating the country’s trade surplus to rise to $60.60 billion.
Chinese imports fell more than expected in January
On an annual basis, in January, imports recorded a drop of 18.80% in China, compared to a fall of 7.60% in the previous month. Market expectation was for imports to fall 3.60%.
Chinese exports dropped more than expected in January
Exports eased 11.20% on an annual basis in China, in January, higher than market expectations for a fall of 1.80%. Exports had dropped 1.40% in the prior month.
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