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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector net borrowing reported a deficit in December
In the UK, in December, the public sector net borrowing has reported a deficit £6.40 billion, from a revised deficit of £10.80 billion in the prior month. Market expectation was for public sector net borrowing to report a deficit of £6.80 billion.
UK public sector net cash requirement reported a deficit in December
In the UK, in December, public finances (public sector net cash requirement) has posted a deficit £36.29 billion, following a revised deficit of £20.01 billion in the prior month.
UK public sector net borrowing posted a deficit in December
In the UK, in December, the public sector net borrowing (excluding temporary effects of financial interventions) has posted a deficit of £6.90 billion, following a revised deficit of £11.30 billion in the previous month. Markets were anticipating public sector net borrowing to show a deficit of £6.70 billion.
Euro-zone composite PMI declined unexpectedly in January
In January, the preliminary composite PMI fell unexpectedly to a level of 54.30 in the Euro-zone, compared to a reading of 54.40 in the prior month. Markets were expecting composite PMI to climb to a level of 54.50.
Euro-zone services PMI recorded a surprise drop in January
In January, the flash services PMI dropped unexpectedly to a level of 53.60 in the Euro-zone, compared to a level of 53.70 in the previous month. Market expectation was for services PMI to rise to a level of 53.80.
Euro-zone manufacturing PMI advanced unexpectedly in January
The flash manufacturing PMI recorded an unexpected rise to 55.10 in January, in the Euro-zone, higher than market expectations of a fall to 54.80. The manufacturing PMI had registered a level of 54.90 in the previous month.
German services PMI registered a surprise drop in January
Compared to a level of 54.30 in the previous month the flash services PMI in Germany fell unexpectedly to 53.20 in January. Market expectation was for services PMI to advance to a level of 54.50.
German manufacturing PMI rose surprisingly in January
Compared to a level of 55.60 in the previous month the preliminary manufacturing PMI recorded an unexpected rise to 56.50 in Germany, in January. Market anticipation was for manufacturing PMI to drop to 55.40.
French manufacturing PMI dropped in January
In January, the preliminary manufacturing PMI in France registered a drop to 53.40, at par with market expectations. Manufacturing PMI had recorded a level of 53.50 in the prior month.
French services PMI registered a rise in January
The preliminary services PMI advanced to 53.90 in January, in France, higher than market expectations of an advance to 53.20. Services PMI had registered a reading of 52.90 in the previous month.
US Markit manufacturing PMI registered a rise in January
The flash Markit manufacturing PMI in the US climbed to 55.10 in January, compared to a reading of 54.30 in the prior month. Markets were expecting the Markit manufacturing PMI to advance to 54.50.
US existing home sales declined in December
Compared to a revised level of 5.65 million in the prior month, existing home sales dropped 2.80%, on MoM basis, to a level of 5.49 million in the US, in December. Markets were expecting existing home sales to ease to a level of 5.52 million.
US Redbook index dropped in the last week
The seasonally adjusted Redbook index in the US recorded a drop of 3.50% in the week ended 20 January 2017 on a MoM basis. In the previous week, the Redbook index had registered a drop of 3.40%.
US Richmond Fed manufacturing index climbed surprisingly in January
In January, the Richmond Fed manufacturing index in the US climbed unexpectedly to a level of 12.00, higher than market expectations of a drop to 7.00. The Richmond Fed manufacturing index had recorded a level of 8.00 in the prior month.
US Redbook index recorded a rise in the last week
The Redbook index advanced 0.30% on an annual basis in the US, in the week ended 20 January 2017. In the previous week, the Redbook index had registered a similar rise.
Japanese imports dropped more than expected in December
In Japan, imports dropped 2.60% in December on an annual basis, more than market expectations for a drop of 0.80%. In the previous month, imports had registered a drop of 8.80%.
Japanese exports rose more than expected in December
In Japan, exports advanced 5.40% in December, on a YoY basis, higher than market expectations for a rise of 1.10%. In the prior month, exports had recorded a drop of 0.40%.
Japanese adjusted merchandise trade surplus declined in December
Adjusted merchandise trade surplus in Japan narrowed to ¥356.70 billion in December. Japan had reported a revised adjusted merchandise trade surplus of ¥466.10 billion in the prior month.
Japanese merchandise (total) trade surplus rose in December
Merchandise (total) trade surplus in Japan rose to ¥641.40 billion in December, compared to a revised merchandise (total) trade surplus of ¥150.80 billion in the previous month. Market expectation was for the country’s merchandise (total) trade surplus to widen to ¥281.10 billion.
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