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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK NIESR estimated GDP recorded a rise in the February-April 2016 period
NIESR estimated gross domestic product (GDP) in the UK climbed 0.30% on a MoM basis, in the February-April 2016 period. In the January-March 2016 period, NIESR estimated GDP had recorded a revised rise of 0.40%.
UK industrial production advanced less than expected in March
Industrial production in the UK recorded a rise of 0.30% on a monthly basis in March, lower than market expectations for a rise of 0.50%. Industrial production had registered a revised drop of 0.20% in the previous month.
UK manufacturing production fell as expected in March
Manufacturing production in the UK recorded a drop of 1.90% on an annual basis in March, compared to a revised fall of 1.60% in the prior month. Markets were anticipating manufacturing production to ease 1.90%.
UK house price balance fell in April
House price balance eased to 41.00 in the UK, in April, compared to a reading of 42.00 in the previous month. Markets were anticipating house price balance to ease to a level of 35.00.
UK manufacturing production advanced less than expected in March
In March, on a MoM basis, manufacturing production advanced 0.10% in the UK, less than market expectations for a rise of 0.30%. In the prior month, manufacturing production had recorded a revised drop of 0.90%.
UK industrial production declined less than expected in March
Industrial production in the UK dropped 0.20% on a YoY basis in March, lower than market expectations for a fall of 0.40%. Industrial production had climbed by a revised 0.10% in the prior month.
US mortgage applications climbed in the last week
In the week ended 06 May 2016, on a weekly basis, mortgage applications in the US advanced 0.40%. Mortgage applications had recorded a drop of 3.40% in the prior week.
US composite leading indicator fell in March
Composite leading indicator dropped to 98.80 in the US, in March. In the previous month, composite leading indicator had registered a level of 98.90.
US recorded budget surplus in April
Budget surplus in the US recorded a level of $106.45 billion in April, following a budget deficit of $108.04 billion in the prior month. Markets were anticipating the country’s budget surplus to stand at $107.00 billion.
BoJ April meeting summary: Some policymakers stressed readiness to ease more
A summary of opinions from the Bank of Japan’s (BoJ) April 27-28 monetary policy meeting revealed that some policymakers stressed the need to expand monetary stimulus further, if needed in order to achieve the price target. Further, the BoJ’s decision to keep monetary policy steady at the April meeting was based on the predominant view in the board that the central bank should take more time to examine how its decision in January to adopt negative interest rates would affect the economy.
Foreign investors remained net buyers of Japanese bonds in the previous week
Foreign investors remained net buyers of ¥21.90 billion worth of Japanese bonds in the week ended 06 May 2016, as compared to being net buyers of ¥411.20 billion worth of Japanese bonds in the previous week.
Japanese investors became net buyers of foreign bonds in the previous week
Japanese investors remained net buyers of ¥270.30 billion worth of foreign bonds in the week ended 07 May 2016, from being net buyers of ¥984.70 billion worth of foreign bonds in the previous week.
Japanese bank lending ex-trust rose more than expected in April
In April, bank lending ex-trust in Japan advanced 2.20% on a YoY basis, compared to an advance of 2.00% in the prior month. Market expectation was for bank lending ex-trust to rise 1.90%.
Japanese average office vacancies in Tokyo advanced in April
Average office vacancies in Tokyo in Japan rose 4.23% in April on a MoM basis. In the previous month, average office vacancies in Tokyo had advanced 4.34%.
Japanese adjusted (total) current account surplus expanded in March
Adjusted (total) current account surplus in Japan expanded to ¥1893.60 billion in March, following a revised adjusted (total) current account surplus of ¥1686.60 billion in the previous month. Markets were anticipating the nation to post an adjusted (total) current account surplus of ¥1910.00 billion.
Foreign investors turned net sellers of Japanese stocks in the previous week
Foreign investors turned net sellers of ¥434.60 billion worth of Japanese stocks in the week ended 06 May 2016, from being net buyers of ¥602.00 billion worth of Japanese stocks in the prior week.
Japanese (BOP basis) trade surplus widened in March
(BOP basis) trade surplus in Japan rose to ¥927.20 billion in March, compared to a (BOP basis) trade surplus of ¥425.20 billion in the prior month. Markets were anticipating the nation to record a (BOP basis) trade surplus of ¥906.70 billion.
Japanese coincident index recorded a rise in March
The flash coincident index registered a rise to 111.20 in March, in Japan, at par with market expectations. In the prior month, the coincident index had recorded a reading of 110.70.
Japanese bank lending including trusts climbed in April
In Japan, bank lending including trusts rose 2.20% in April on an annual basis. In the prior month, bank lending including trusts had recorded a rise of 2.00%.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥17.40 billion worth of foreign stocks in the week ended 06 May 2016, as compared to being net buyers of ¥20.90 billion worth of foreign stocks in the prior week.
Japanese leading economic index climbed surprisingly in March
In Japan, the preliminary leading economic index registered an unexpected rise to 98.40 in March, higher than market expectations of a fall to 96.30. In the prior month, the leading economic index had recorded a level of 96.80.
Japanese current account surplus rose in March
The non-seasonally adjusted current account surplus in Japan widened to ¥2980.40 billion in March, following a current account surplus of ¥2434.90 billion in the previous month. Market expectation was for the nation’s current account surplus to widen to ¥2965.60 billion.
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