Hot Features
Premium
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BRC shop price index eased in February
The BRC shop price index fell 2.00% on a YoY basis, in February, in the UK. The BRC shop price index had dropped 1.80% in the prior month.
UK manufacturing PMI recorded a decline in February
In the UK, the manufacturing PMI eased to 50.80 in February, compared to a level of 52.90 in the prior month. Markets were expecting the manufacturing PMI to drop to 52.30.
Euro-zone unemployment rate recorded a surprise drop in January
The unemployment rate dropped unexpectedly to 10.30% in January, in the Euro-zone, compared to a reading of 10.40% in the previous month. Market expectation was for the unemployment rate to remain unchanged.
Euro-zone manufacturing PMI recorded a drop in February
The final manufacturing PMI recorded a drop to 51.20 in February, in the Euro-zone, compared to market expectations of a drop to 51.00. The preliminary figures had recorded a drop to 51.00. In the previous month, the manufacturing PMI had registered a reading of 52.30.
German unemployment rate remained flat in February
In Germany, the seasonally adjusted unemployment rate remained flat at a level of 6.20% in February. Markets were expecting unemployment rate to record a steady reading.
German number of people unemployed fell as expected in February
In February, the number of people unemployed dropped 10.00 K in Germany, compared to a revised fall of 19.00 K in the previous month. Market anticipation was for the number of people unemployed to drop 10.00 K.
German manufacturing PMI slid in February
In February, the final manufacturing PMI in Germany dropped to 50.50, compared to a reading of 52.30 in the prior month. The preliminary figures had recorded a drop to 50.20. Market expectation was for manufacturing PMI to drop to 50.20.
French manufacturing PMI advanced in February
The final manufacturing PMI rose to a level of 50.20 in February, in France, lower than market expectations of an advance to a level of 50.30. Manufacturing PMI had recorded a level of 50.00 in the previous month. The preliminary figures had indicated an advance to 50.30.
Italian GDP – annual rose more than expected in year 2015
In year 2015, gross domestic product – annual in Italy registered a rise of 0.80% on an annual basis, higher than market expectations for a rise of 0.60%. In the previous year, GDP – annual had recorded a revised drop of 0.30%.
Italian manufacturing PMI slid in February
In Italy, the manufacturing PMI registered a drop to 52.20 in February, in line with market expectations. The manufacturing PMI had recorded a level of 53.20 in the prior month.
Italian unemployment rate registered a drop in January
In January, unemployment rate in Italy dropped to 11.50%, compared to market expectations of a fall to a level of 11.40%. In the previous month, unemployment rate had recorded a revised reading of 11.60%.
Spanish manufacturing PMI recorded a drop in February
Compared to a reading of 55.40 in the prior month the manufacturing PMI in Spain dropped to 54.10 in February. Markets were expecting the manufacturing PMI to fall to a level of 54.50.
Swiss SVME manufacturing PMI advanced surprisingly in February
The SVME manufacturing PMI recorded an unexpected rise to a level of 51.60 in Switzerland, in February, compared to market expectations of a drop to 49.60. In the previous month, the SVME manufacturing PMI had registered a reading of 50.00.
Swiss real retail sales recorded a rise in January
In Switzerland, real retail sales recorded a rise of 0.20% on a YoY basis, in January. Real retail sales had dropped by a revised 1.70% in the previous month.
US ISM manufacturing activity index recorded a rise in February
In February, the ISM manufacturing activity index rose to a level of 49.50 in the US, compared to market expectations of a rise to a level of 48.50. The ISM manufacturing activity index had registered a reading of 48.20 in the previous month.
US economic optimism index declined unexpectedly in March
The economic optimism index eased unexpectedly to a level of 46.80 in March, in the US, lower than market expectations of an advance to 47.90. In the prior month, the economic optimism index had recorded a reading of 47.80.
US Redbook index declined in the last week
The seasonally adjusted Redbook index dropped 2.40% in the US on a MoM basis, in the week ended 26 February 2016. In the prior week, the Redbook index had dropped 2.30%.
US Redbook index rose in the last week
In the week ended 26 February 2016, on a YoY basis, the Redbook index registered a rise of 0.60% in the US. In the prior week, the Redbook index had climbed 1.20%.
US construction spending advanced more than expected in January
In January, on a monthly basis, construction spending in the US climbed 1.50%, compared to a revised advance of 0.60% in the previous month. Market anticipation was for construction spending to advance 0.30%.
US ISM prices paid index climbed in February
The ISM prices paid index rose to a level of 38.50 in February, in the US, compared to a level of 33.50 in the previous month. Market expectation was for the ISM prices paid index to advance to a level of 35.00.
US Markit manufacturing PMI eased in February
In February, the final Markit manufacturing PMI eased to 51.30 in the US, compared to market expectations of a drop to 51.20. The preliminary figures had indicated a fall to 51.00. In the prior month, the Markit manufacturing PMI had recorded a reading of 52.40.
US ISM new orders remained steady in February
Institute for Supply Management has reported that ISM new orders remained steady at a level of 51.50 in the US, in February.
Canadian annualised GDP unexpectedly climbed in 4Q 2015
In 4Q 2015, annualized gross domestic product (GDP) unexpectedly advanced 0.80% on a quarterly basis in Canada, higher than market expectations for a steady reading. Annualized GDP had advanced by a revised 2.40% in the previous quarter.
Japanese monetary base climbed in February
In Japan, the monetary base advanced 29.00% in February on an annual basis. In the previous month, the monetary base had recorded a rise of 28.90%.
Japanese vehicle sales slid in February
In February, on an annual basis, vehicle sales in Japan eased 4.60%. Vehicle sales had risen 0.20% in the previous month.
Japanese corporate loans & discounts registered a rise in January
The corporate loans & discounts registered a rise of 3.10% on an annual basis in Japan, in January. In the previous month, corporate loans & discounts had registered a rise of 2.57%.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
