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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index surprisingly dropped in January
The Halifax house price index unexpectedly eased 0.90% on a MoM basis in the UK, in January, compared to a revised advance of 1.60% in the previous month. Markets were expecting the Halifax house price index to record an unchanged reading.
UK Halifax house price index rose less than expected in the November-January 2017 period
The Halifax house price index in the UK climbed 5.70% on an annual basis in the November-January 2017 period, lower than market expectations for a rise of 6.00%. In the October-December 2016 period, the Halifax house price index had recorded a rise of 6.50%.
German industrial production unexpectedly slid in December
In December, the seasonally adjusted industrial production registered an unexpected drop of 3.00% on a MoM basis in Germany, less than market expectations for a rise of 0.30%. In the prior month, industrial production had climbed by a revised 0.50%.
German industrial production unexpectedly eased in December
In December, the non-seasonally & working day adjusted industrial production in Germany recorded an unexpected drop of 0.70% on a YoY basis, less than market expectations for an advance of 2.50%. Industrial production had registered a revised rise of 2.30% in the previous month.
French trade deficit fell in December
Trade deficit in France narrowed to €3.42 billion in December, compared to a revised trade deficit of €4.37 billion in the previous month. Markets were expecting the country’s trade deficit to narrow to €3.50 billion.
French current account deficit slid in December
In December, current account deficit in France narrowed to €1.10 billion. France had reported a revised current account deficit of €2.80 billion in the previous month.
French budget deficit dropped in December
In December, budget deficit in France fell to €69.00 billion, compared to a budget deficit of €93.30 billion in the prior month.
Swiss foreign currency reserves unexpectedly declined in January
Compared to a level of CHF 645.30 billion in the previous month foreign currency reserves in Switzerland fell unexpectedly to CHF 643.70 billion in January. Market anticipation was for foreign currency reserves to rise to a level of CHF 646.10 billion.
Swiss SECO consumer climate climbed in 1Q 2017
Compared to a reading of -13.00 in the prior quarter the SECO consumer climate in Switzerland advanced to -3.00 in 1Q 2017. Market expectation was for the SECO consumer climate to climb to -11.00.
US economic optimism index advanced in February
In the US, the economic optimism index rose to a level of 56.40 in February. In the previous month, the economic optimism index had registered a level of 55.60.
US JOLTs job openings unexpectedly dropped in December
JOLTs job openings fell unexpectedly to a level of 5501.00 K in December, in the US, compared to market expectations of a rise to 5580.00 K. In the previous month, JOLTs job openings had recorded a revised level of 5505.00 K.
US consumer credit rose less than expected in December
Consumer credit recorded a rise of $14.16 billion in the US, in December, less than market expectations for an advance of $20.00 billion. In the prior month, consumer credit had advanced by a revised $25.21 billion.
US Redbook index advanced in the last week
On an annual basis, the Redbook index advanced 0.70% in the week ended 03 February 2017, in the US. The Redbook index had risen 0.20% in the prior week.
US Redbook index recorded a rise in the last week
In the US, the seasonally adjusted Redbook index recorded a rise of 0.30% on a monthly basis, in the week ended 03 February 2017. The Redbook index had registered a drop of 3.50% in the previous week.
US trade deficit dropped in December
Trade deficit in the US dropped to $44.30 billion in December, following a revised trade deficit of $45.70 billion in the prior month. Markets were anticipating the nation’s trade deficit to narrow to $45.00 billion.
Canadian building permits fell more than expected in December
In December, building permits fell 6.60% in Canada, on a MoM basis, higher than market expectations for a drop of 3.50%. Building permits had registered a revised drop of 1.20% in the prior month.
Canadian international merchandise trade surplus fell in December
The international merchandise trade surplus in Canada narrowed to C$0.92 billion in December, compared to market expectations of an international merchandise trade surplus of C$0.20 billion. Canada had registered a revised international merchandise trade surplus of C$1.01 billion in the previous month.
Canadian Ivey PMI slid in January
In January, the seasonally adjusted Ivey PMI in Canada registered a drop to 57.20. In the previous month, Ivey PMI had registered a reading of 60.80.
Canadian Ivey PMI advanced in January
The non-seasonally adjusted Ivey PMI rose to a level of 52.30 in Canada, in January. Ivey PMI had registered a reading of 49.40 in the previous month.
BoJ highlighted positive economic developments, but warned on inflation expectations
A Summary of opinions report from the Bank of Japan’s (BoJ) January meeting showed that board members saw improvements in Japan’s exports, consumer spending and capital expenditure. However, they warned that it may take time for inflation expectations to pick up and that its 2.0% inflation target remains elusive. The BoJ kept monetary policy on hold at the meeting and raised its growth projection for the economy.
Japanese (BOP basis) trade surplus expanded in December
Trade surplus on a (BOP basis) in Japan expanded to ¥806.80 billion in December, following a (BOP basis) trade surplus of ¥313.40 billion in the previous month. Markets were anticipating the nation to post a (BOP basis) trade surplus of ¥738.90 billion.
Japanese corporate bankruptcies registered a drop in January
In Japan, corporate bankruptcies fell 10.37% on an annual basis, in January. Corporate bankruptcies had climbed 1.57% in the previous month.
Japanese bank lending including trusts climbed in January
In January, on an annual basis, bank lending including trusts registered a rise of 2.50% in Japan. In the prior month, bank lending including trusts had climbed 2.60%.
Japanese adjusted (total) current account surplus dropped in December
In December, adjusted (total) current account surplus in Japan narrowed to ¥1669.20 billion, following an adjusted (total) current account surplus of ¥1799.60 billion in the previous month. Markets were expecting the nation’s adjusted (total) current account surplus to fall to ¥1709.40 billion.
Japanese bank lending ex-trust climbed in January
Bank lending ex-trust recorded a rise of 2.60% in Japan on an annual basis, in January. In the previous month, bank lending ex-trust had registered a similar rise.
Japanese current account surplus narrowed in December
The non-seasonally adjusted current account surplus in Japan fell to ¥1112.20 billion in December, following a current account surplus of ¥1415.50 billion in the previous month. Market expectation was for the nation to register a current account surplus of ¥1183.30 billion.
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