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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK trade deficit dropped in January
The UK has posted non-EU trade deficit of £2.20 billion in January, following a revised trade deficit of £3.02 billion in the prior month. Market expectation was for a trade deficit of £2.65 billion.
UK total trade deficit narrowed in January
Total trade deficit in the UK dropped to £3.46 billion in January, from a revised total trade deficit of £3.70 billion in the prior month. Markets were expecting the country’s total trade deficit to narrow to £3.00 billion.
UK visible trade deficit dropped in January
In January, visible trade deficit in the UK fell to £10.29 billion, following a revised visible trade deficit of £10.45 billion in the prior month. Market expectation was for the nation to record a visible trade deficit of £10.30 billion.
UK construction output dropped less than expected in January
In January, on an annual basis, construction output dropped 0.80% in the UK, less than market expectations for a fall of 1.70%. Construction output had registered a revised rise of 1.60% in the previous month.
German CPI remained unchanged in February
In February, on an annual basis, the final consumer price index (CPI) remained steady in Germany, compared to an advance of 0.50% in the prior month. Markets were anticipating the CPI to remain flat. The preliminary figures had also recorded an unchanged reading.
German CPI rose as expected in February
In Germany, the final CPI registered a rise of 0.40% on a MoM basis in February, at par with market expectations. The preliminary figures had also indicated a rise of 0.40%. In the previous month, the CPI had dropped 0.80%.
German HICP rose as expected in February
On a monthly basis, the final harmonised consumer price index (HICP) recorded a rise of 0.40% in Germany, in February, compared to a drop of 1.00% in the prior month. Markets were anticipating the HICP index to climb 0.40%. The preliminary figures had also indicated a rise of 0.40%.
German HICP fell as expected in February
In February, the final HICP fell 0.20% in Germany on a YoY basis, in line with market expectations. In the prior month, the HICP had risen 0.40%. The preliminary figures had also recorded a fall of 0.20%.
German wholesale price index eased in February
On a YoY basis, the wholesale price index eased 1.90% in February, in Germany. In the prior month, the wholesale price index had dropped 1.00%.
German wholesale price index slid in February
On a MoM basis, the wholesale price index dropped 0.50% in Germany. The wholesale price index had fallen 0.40% in the previous month.
Italian industrial production rose more than expected in January
In January, the seasonally adjusted industrial production in Italy climbed 1.90% on a monthly basis, more than market expectations for a rise of 0.70%. In the previous month, industrial production had registered a revised drop of 0.60%.
Italian industrial production registered a rise in January
On an annual basis, the working day adjusted industrial production in Italy rose 3.90% in January. In the previous month, industrial production had recorded a drop of 1.00%.
Italian industrial production climbed in January
The non-seasonally adjusted industrial production registered a rise of 0.70% on an annual basis, in January, in Italy. Industrial production had advanced 2.10% in the prior month.
Spanish CPI fell more than expected in February
In February, on a monthly basis, the final CPI dropped 0.40% in Spain, higher than market expectations for a drop of 0.30%. The CPI had dropped 1.90% in the prior month. The preliminary figures had indicated a drop of 0.30%.
Spanish CPI fell as expected in February
On an annual basis, the final CPI in Spain recorded a drop of 0.80% in February, compared to a drop of 0.30% in the previous month. The preliminary figures had also recorded a fall of 0.80%. Markets were expecting the CPI to drop 0.80%.
Spanish HICP index fell more than expected in February
In February, the final HICP index fell 1.00% on an annual basis in Spain, higher than market expectations for a drop of 0.90%. The preliminary figures had recorded a drop of 0.90%. The HICP index had registered a drop of 0.40% in the previous month.
Spanish HICP index fell as expected in February
The final HICP index in Spain slid 0.40% in February on a MoM basis, compared to a fall of 2.50% in the prior month. Markets were expecting the HICP index to fall 0.40%. The preliminary figures had also recorded a drop of 0.40%.
US export price index eased in February
On an annual basis, the export price index eased 6.00% in the US, in February. In the prior month, the export price index had registered a drop of 5.70%.
US import price index dropped less than expected in February
In February, the import price index slid 6.10% on an annual basis in the US, lower than market expectations for a fall of 6.50%. In the prior month, the import price index had registered a revised drop of 6.30%.
US import price index declined less than expected in February
On a monthly basis, in the US, the import price index dropped 0.30% in February, less than market expectations for a fall of 0.70%. In the prior month, the import price index had dropped by a revised 1.00%.
US export price index eased in February
On a MoM basis, the export price index registered a drop of 0.40% in February, in the US. In the prior month, the export price index had registered a drop of 0.80%.
Number of full time employment in Canada recorded a drop in February
The number of full time employment in Canada eased by 51.80 K in February. The number of full time employment had registered an increase of 5.60 K in the previous month.
Net number of people employed in Canada unexpectedly declined in February
The net number of people employed in Canada fell unexpectedly by 2.30 K in February, less than market expectations of an advance of 10.00 K. The net number of people employed had recorded a decline of 5.70 K in the prior month.
Canadian unemployment rate advanced surprisingly in February
The unemployment rate registered an unexpected rise to a level of 7.30% in Canada, in February, compared to a reading of 7.20% in the previous month. Markets were expecting the unemployment rate to record a flat reading.
Canadian participation rate remained steady in February
In Canada, the participation rate remained flat at 65.90% in February. Markets were anticipating the participation rate to fall to a level of 65.80%.
Part time employment in Canada advanced in February
Part time employment rose by 49.50 K in Canada, in February. Part time employment had recorded a loss of 11.30 K in the prior month.
Japanese machinery orders surprisingly rose in January
In January, on a YoY basis, machinery orders in Japan recorded an unexpected rise of 8.40%, compared to a fall of 3.60% in the prior month. Market expectation was for machinery orders to drop 3.80%.
Japanese machinery orders advanced more than expected in January
In January, on a MoM basis, machinery orders registered a rise of 15.00% in Japan, compared to a revised rise of 1.00% in the prior month. Market expectation was for machinery orders to rise 1.90%.
Chinese industrial production (YTD) rose less than expected in February
In February, on an annual basis, industrial production (YTD) climbed 5.40% in China, compared to an advance of 6.10% in the prior month. Markets were expecting industrial production (YTD) to rise 5.60%.
Chinese fixed assets investment excl. rural YTD advanced in February
On an annual basis, fixed assets investment excl. rural YTD in China climbed 10.20% in February. Fixed assets investment excl. rural YTD had risen 10.00% in the previous month.
Chinese retail sales (YTD) rose less than expected in February
In China, retail sales (YTD) climbed 10.20% in February on a YoY basis, less than market expectations for a rise of 11.00%. In the prior month, retail sales (YTD) had advanced 10.70%.
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