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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK total trade deficit narrowed in March
The UK has posted total trade deficit of £3.83 billion in March, from a revised total trade deficit of £4.30 billion in the prior month. Market anticipation was for a total trade deficit of £4.20 billion.
UK trade deficit narrowed in March
Non-EU trade deficit in the UK fell to £3.11 billion in March, following a revised trade deficit of £3.35 billion in the prior month. Market expectation was for the nation to record a trade deficit of £3.60 billion.
UK visible trade deficit narrowed in March
In March, visible trade deficit in the UK dropped to £11.20 billion, compared to a revised visible trade deficit of £11.42 billion in the prior month. Market anticipation was for the nation to record a visible trade deficit of £11.45 billion.
German industrial production advanced less than expected in March
In Germany, the non-seasonally & working day adjusted industrial production registered a rise of 0.30% in March on a YoY basis, compared to a revised rise of 2.00% in the prior month. Markets were expecting industrial production to rise 1.10%.
German exports recorded an unexpected rise in March
In March, on a MoM basis, the seasonally adjusted exports unexpectedly advanced 1.90% in Germany, compared to an advance of 1.30% in the prior month. Markets were expecting exports to remain flat.
German current account surplus widened in March
The non-seasonally adjusted current account surplus in Germany rose to €30.40 billion in March, compared to a revised current account surplus of €21.10 billion in the previous month. Market anticipation was for the country’s current account surplus to expand to €25.00 billion.
German imports declined more than expected in March
In Germany, the seasonally adjusted imports fell 2.30% in March, on a monthly basis, higher than market expectations for a fall of 0.30%. In the previous month, imports had climbed by a revised 0.10%.
German industrial production fell more than expected in March
On a MoM basis, the seasonally adjusted industrial production in Germany registered a drop of 1.30% in March, higher than market expectations for a fall of 0.20%. In the prior month, industrial production had recorded a revised drop of 0.70%.
German trade surplus widened in March
Germany has registered the seasonally adjusted trade surplus of €26.00 billion in March, compared to a revised trade surplus of €20.20 billion in the prior month. Markets were anticipating a trade surplus of €20.60 billion.
French business sentiment index steadied in April
The business sentiment index in France remained unchanged at 99.00 in April, lower than market expectations of a rise to a level of 100.00.
French budget deficit rose in March
France has posted budget deficit of €27.50 billion in March, from a budget deficit of €25.60 billion in the previous month.
French industrial production registered an unexpected drop in March
Industrial production in France recorded an unexpected drop of 0.30% in March on a MoM basis, lower than market expectations for a rise of 0.70%. In the prior month, industrial production had dropped by a revised 1.30%.
French manufacturing production registered an unexpected drop in March
In March, on a MoM basis, manufacturing production registered an unexpected drop of 0.90% in France, less than market expectations for an advance of 0.60%. Manufacturing production had dropped by a revised 1.40% in the previous month.
Italian industrial production remained unchanged in March
In Italy, the seasonally adjusted industrial production remained unchanged on a MoM basis in March, less than market expectations for a rise of 0.20%. In the prior month, industrial production had fallen by a revised 0.70%.
Italian industrial production rose less than expected in March
The working day adjusted industrial production in Italy recorded a rise of 0.50% on a YoY basis in March, lower than market expectations for an advance of 1.30%. In the previous month, industrial production had advanced by a revised 1.10%.
Italian industrial production dropped in March
On an annual basis, the non-seasonally adjusted industrial production in Italy fell 0.40% in March. In the previous month, industrial production had advanced by a revised 5.10%.
Swiss unemployment rate climbed in April
In Switzerland, the seasonally adjusted unemployment rate advanced to 3.50% in April, in line with market expectations. Unemployment rate had recorded a revised level of 3.40% in the prior month.
Swiss unemployment rate declined in April
In April, the non-seasonally adjusted unemployment rate in Switzerland dropped to 3.50%, at par with market expectations. In the prior month, unemployment rate had recorded a level of 3.60%.
US wholesale inventories rose as expected in March
On a monthly basis, the seasonally adjusted wholesale inventories advanced 0.10% in March, in the US, compared to a revised fall of 0.60% in the prior month. Markets were anticipating the wholesale inventories to advance 0.10%.
US small business optimism index advanced in April
The small business optimism index in the US rose to a level of 93.60 in April, higher than market expectations of a rise to 93.00. In the previous month, the small business optimism index had recorded a reading of 92.60.
US JOLTs job openings recorded an unexpected rise in March
JOLTs job openings advanced unexpectedly to 5757.00 K in the US, in March, compared to a revised level of 5608.00 K in the prior month. Markets were expecting JOLTs job openings to ease to a level of 5450.00 K.
Japanese foreign exchange reserves advanced in April
Foreign exchange reserves recorded a rise to $1262.50 billion in April, in Japan. Foreign exchange reserves had recorded a reading of $1262.10 billion in the prior month.
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