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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales across all sectors rose less than expected in February
In the UK, retail sales across all sectors registered a rise of 0.10% on a YoY basis in February, compared to an advance of 2.60% in the prior month. Market expectation was for retail sales across all sectors to advance 0.50%.
Euro-zone investor confidence index recorded a surprise drop in March
In March, the investor confidence index recorded an unexpected drop to 5.50 in the Euro-zone, lower than market expectations of a rise to 8.30. In the previous month, the investor confidence index had recorded a level of 6.00.
German factory orders unexpectedly advanced in January
The non-seasonally adjusted factory orders in Germany recorded an unexpected rise of 1.10% in January on a YoY basis, higher than market expectations for a steady reading. Factory orders had recorded a revised drop of 2.20% in the prior month.
German factory orders fell less than expected in January
On a monthly basis, the seasonally adjusted factory orders eased 0.10% in Germany, in January, lower than market expectations for a drop of 0.30%. Factory orders had dropped by a revised 0.20% in the prior month.
Italian PPI recorded a drop in January
The producer price index (PPI) dropped 0.80% on a MoM basis in Italy, in January. The PPI had registered a revised drop of 0.60% in the prior month.
Italian PPI dropped in January
The PPI registered a drop of 3.00% on a YoY basis, in January, in Italy. The PPI had dropped by a revised 3.90% in the prior month.
Swiss foreign currency reserves dropped in February
Compared to a revised reading of CHF 575.00 billion in the prior month foreign currency reserves in Switzerland eased to CHF 571.10 billion in February.
US consumer credit rose less than expected in January
In the US, consumer credit climbed $10.54 billion in January, less than market expectations for an advance of $16.50 billion. Consumer credit had risen by a revised $21.38 billion in the prior month.
Japan record (BOP basis) trade deficit in January
In January, (BOP basis) trade deficit in Japan recorded a reading of ¥411.00 billion, from a (BOP basis) trade surplus of ¥188.70 billion in the prior month. Market anticipation was for the country’s (BOP basis) trade deficit to stand at ¥530.00 billion.
Japanese net employment outlook recorded a drop in 2Q 2016
In 2Q 2016, the net employment outlook fell to a level of 22.00% in Japan. The net employment outlook had registered a level of 23.00% in the prior quarter.
Japanese bank lending including trusts registered a rise in February
Bank lending including trusts advanced 2.20% on an annual basis, in February, in Japan. Bank lending including trusts had climbed 2.30% in the prior month.
Japanese leading economic index dropped in January
Compared to a revised level of 101.80 in the previous month the flash leading economic index in Japan registered a drop to 101.40 in January. Market anticipation was for the leading economic index to ease to 101.60.
Japanese bank lending ex-trust advanced less than expected in February
Bank lending ex-trust registered a rise of 2.20% on a YoY basis in February, in Japan, lower than market expectations for an advance of 2.40%. In the prior month, bank lending ex-trust had risen 2.40%.
Japanese coincident index advanced in January
In January, the preliminary coincident index registered a rise to 113.80 in Japan, in line with market expectations. In the previous month, the coincident index had recorded a reading of 110.90.
Japanese nominal GDP fell less than expected in 4Q 2015
In 4Q 2015, the final nominal gross domestic product (GDP) in Japan dropped 0.20% on a QoQ basis, less than market expectations for a fall of 0.30%. Nominal GDP had advanced by a revised 0.60% in the previous quarter. The preliminary figures had recorded a drop of 0.30%.
Japanese GDP fell less than expected in 4Q 2015
In Japan, the final gross domestic product (GDP) registered a drop of 0.30% in 4Q 2015 on a quarterly basis, less than market expectations for a drop of 0.40%. The preliminary figures had recorded a drop of 0.40%. GDP had risen 0.30% in the prior quarter.
Japanese current account surplus widened in January
The non-seasonally adjusted current account surplus in Japan widened to ¥520.80 billion in January, compared to market expectations of a current account surplus of ¥715.50 billion. Japan had registered a current account balance of ¥960.70 billion in the previous month.
Japanese GDP deflator advanced as expected in 4Q 2015
The final gross domestic product deflator climbed 1.50% on a YoY basis in Japan, in 4Q 2015, in line with market expectations. In the previous quarter, the GDP deflator had registered a rise of 1.80%. The preliminary figures had also indicated an advance of 1.50%.
Japanese adjusted (total) current account surplus dropped in January
Adjusted (total) current account surplus in Japan dropped to ¥1492.40 billion in January, from a revised adjusted (total) current account surplus of ¥1693.40 billion in the prior month. Market expectation was for the country’s adjusted (total) current account surplus to fall to ¥1654.80 billion.
Japanese annualised GDP fell less than expected in 4Q 2015
In 4Q 2015, on a quarterly basis, the final annualised gross domestic product (GDP) in Japan recorded a drop of 1.10%, lower than market expectations for a fall of 1.50%. Annualised GDP had climbed by a revised 1.30% in the prior quarter. The preliminary figures had indicated a fall of 1.40%.
Chinese trade surplus dropped in February
Trade surplus in China narrowed to $32.59 billion in February, compared to a trade surplus of $63.29 billion in the previous month. Market anticipation was for the nation’s trade surplus to fall to $51.00 billion.
Chinese employment outlook recorded a decline in 2Q 2016
Compared to a reading of 7.00% in the previous quarter employment outlook in China fell to a level of 5.00% in 2Q 2016.
Chinese exports fell more than expected in February
Exports in China recorded a drop of 25.40% on a YoY basis in February, more than market expectations for a fall of 14.50%. Exports had registered a drop of 11.20% in the prior month.
Chinese imports declined more than expected in February
Imports in China eased 13.80% on a YoY basis in February, compared to a fall of 18.80% in the previous month. Market anticipation was for imports to ease 12.00%.
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