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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK M4 Ex-IOFCs 3M annualised climbed in January
In the UK, M4 Ex-IOFCs 3M annualised registered a rise of 1.80% on a MoM basis, in January. M4 Ex-IOFCs 3M annualised had recorded a revised rise of 3.10% in the previous month.
UK house prices advanced more than expected in February
The non-seasonally adjusted house prices in the UK registered a rise of 4.50% on a YoY basis in February, more than market expectations for a rise of 4.10%. In the previous month, house prices had risen 4.30%.
UK house prices advanced more than expected in February
On a MoM basis, the seasonally adjusted house prices in the UK recorded a rise of 0.60% in February, higher than market expectations for a rise of 0.20%. House prices had registered a rise of 0.20% in the prior month.
UK M4 money supply climbed in January
In January, on a MoM basis, M4 money supply in the UK advanced 0.90%. M4 money supply had recorded a drop of 0.50% in the prior month.
UK M4 money supply rose in January
In the UK, M4 money supply climbed 7.00% in January on an annual basis. M4 money supply had risen 6.20% in the prior month.
UK manufacturing PMI unexpectedly declined in February
In the UK, the manufacturing PMI recorded an unexpected drop to a level of 54.60 in February, lower than market expectations of a rise to 55.80. In the previous month, the manufacturing PMI had recorded a revised level of 55.70.
UK net lending to individuals advanced in January
In the UK, net lending to individuals rose £4.80 billion, in January. In the previous month, net lending to individuals had recorded a revised rise of £4.68 billion.
UK net lending secured on dwellings advanced less than expected in January
In the UK, net lending secured on dwellings recorded a rise of £3.40 billion in January, lower than market expectations for a rise of £3.70 billion. Net lending secured on dwellings had risen by a revised £3.70 billion in the prior month.
UK net consumer credit rose as expected in January
In the UK, net consumer credit climbed £1.40 billion in January, in line with market expectations. In the prior month, net consumer credit had registered a rise of £1.00 billion.
UK number of mortgage approvals for house purchases advanced in January
Number of mortgage approvals for house purchases registered a rise to 69.90 K in January, in the UK, compared to market expectations of a rise to 68.70 K. Number of mortgage approvals for house purchases had registered a revised level of 68.30 K in the prior month.
Euro-zone manufacturing PMI recorded a rise in February
In February, the final manufacturing PMI advanced to 55.40 in the Euro-zone, compared to market expectations of a rise to a level of 55.50. The manufacturing PMI had recorded a reading of 55.20 in the previous month. The preliminary figures had recorded an advance to 55.50.
German manufacturing PMI rose in February
Compared to a reading of 56.40 in the prior month, the final manufacturing PMI rose to a level of 56.80 in Germany, in February. The preliminary figures had recorded a rise to 57.00. Market expectation was for manufacturing PMI to climb to a level of 57.00.
German CPI advanced as expected in February
In February, on a MoM basis, the preliminary consumer price index (CPI) in Germany advanced 0.60%, at par with market expectations. In the prior month, the CPI had registered a drop of 0.60%.
German CPI advanced more than expected in February
In February, the flash CPI registered a rise of 2.20% in Germany on an annual basis, more than market expectations for an advance of 2.10%. In the prior month, the CPI had risen 1.90%.
German unemployment rate remained flat in February
The seasonally adjusted unemployment rate remained steady at a level of 5.90% in Germany, in February, at par with market expectations.
German HICP rose more than expected in February
On a YoY basis, the flash harmonised consumer price index (HICP) in Germany registered a rise of 2.20% in February, higher than market expectations for an advance of 2.10%. The HICP had registered a rise of 1.90% in the previous month.
German HICP rose more than expected in February
In Germany, the preliminary HICP climbed 0.70% in February, more than market expectations for a rise of 0.60%. The HICP had fallen 0.80% in the prior month.
German number of people unemployed fell more than expected in February
In Germany, the number of people unemployed eased 14.00 K in February, more than market expectations for a drop of 10.00 K. In the prior month, the number of people unemployed had fallen by a revised 25.00 K.
French manufacturing PMI dropped in February
The final manufacturing PMI registered a drop to 52.20 in France, in February, compared to market expectations of a fall to 52.30. The preliminary figures had recorded a fall to 52.30. In the previous month, manufacturing PMI had registered a level of 53.60.
Italian manufacturing PMI advanced in February
In February, the manufacturing PMI in Italy rose to a level of 55.00, compared to a reading of 53.00 in the prior month. Market anticipation was for the manufacturing PMI to rise to a level of 53.50.
Spanish manufacturing PMI slid unexpectedly in February
In February, the manufacturing PMI dropped unexpectedly to a level of 54.80 in Spain, compared to a level of 55.60 in the prior month. Market expectation was for the manufacturing PMI to rise to 55.80.
Swiss SVME manufacturing PMI advanced in February
The SVME manufacturing PMI in Switzerland recorded a rise to 57.80 in February, higher than market expectations of a rise to a level of 55.50. In the previous month, the SVME manufacturing PMI had recorded a level of 54.60.
Swiss UBS consumption indicator slid unexpectedly in January
UBS consumption indicator recorded an unexpected drop to a level of 1.43 in January, in Switzerland, compared to market expectations of a steady reading. UBS consumption indicator had registered a reading of 1.50 in the previous month.
Fed’s Beige Book: US business optimism had cooled
The Federal Reserve’s (Fed) Beige Book report for the period from early January through mid-February showed that US business optimism in the wake of the Presidential election has cooled a bit. It further described growth in all 12 Fed districts as remaining in the same “modest-to-moderate” pace
US ISM inventories advanced in February
In the US, ISM inventories registered a rise to 51.50 in February, compared to a reading of 48.50 in the prior month.
US ISM new orders advanced in February
ISM new orders rose to a level of 65.10 in February, in the US. ISM new orders had registered a reading of 60.40 in the prior month.
US personal income advanced more than expected in January
On a MoM basis, in the US, personal income rose 0.40% in January, more than market expectations for a rise of 0.30%. In the previous month, personal income had registered a rise of 0.30%.
US personal consumption expenditure deflator advanced less than expected in January
In January, personal consumption expenditure deflator recorded a rise of 1.90% in the US on an annual basis, less than market expectations for an advance of 2.00%. Personal consumption expenditure deflator had recorded a rise of 1.60% in the previous month.
US ISM prices paid index recorded a drop in February
In the US, the ISM prices paid index recorded a drop to 68.00 in February, in line with market expectations. In the prior month, the ISM prices paid index had registered a level of 69.00.
US Markit manufacturing PMI fell in February
Compared to a level of 55.00 in the previous month the final Markit manufacturing PMI registered a drop to 54.20 in the US, in February. Market expectation was for the Markit manufacturing PMI to fall to 54.50. The preliminary figures had recorded a drop to 54.30.
US mortgage applications climbed in the last week
Mortgage applications in the US rose 5.80% in the week ended 24 February 2017 on a weekly basis. Mortgage applications had recorded a drop of 2.00% in the previous week.
US core personal consumption expenditure rose as expected in January
In January, core personal consumption expenditure recorded a rise of 1.70% in the US on a YoY basis, compared to a similar rise in the previous month. Market expectation was for core personal consumption expenditure to advance 1.70%.
US personal spending advanced less than expected in January
On a MoM basis, personal spending registered a rise of 0.20% in the US, in January, lower than market expectations for a rise of 0.30%. In the prior month, personal spending had risen 0.50%.
US construction spending unexpectedly fell in January
In January, on a MoM basis, construction spending unexpectedly eased 1.00% in the US, less than market expectations for an advance of 0.60%. In the prior month, construction spending had climbed by a revised 0.10%.
US personal consumption expenditure deflator rose less than expected in January
On a monthly basis, personal consumption expenditure deflator registered a rise of 0.40% in the US, in January, lower than market expectations for an advance of 0.50%. In the previous month, personal consumption expenditure deflator had risen 0.20%.
US ISM backlog orders climbed in February
In February, ISM backlog orders in the US registered a rise to 57.00. ISM backlog orders had recorded a level of 49.50 in the previous month.
US ISM production advanced in February
Compared to a reading of 61.40 in the previous month ISM production advanced to 62.90 in the US, in February.
US ISM manufacturing activity index advanced in February
The ISM manufacturing activity index in the US advanced to 57.70 in February, higher than market expectations of an advance to a level of 56.20. In the prior month, the ISM manufacturing activity index had recorded a level of 56.00.
US core personal consumption expenditure rose as expected in January
In January, core personal consumption expenditure rose 0.30% on a monthly basis in the US, in line with market expectations. In the previous month, core personal consumption expenditure had risen 0.10%.
BoC held benchmark interest rate steady at 0.5%
The Bank of Canada (BoC) maintained key interest rate at 0.5% and repeated previous warnings about the “significant uncertainties” faced by the Canadian economy. The central bank further stated that while there have been recent gains in employment, subdued growth in wages and hours worked continue to reflect persistent economic slack in Canada.
Canadian current account deficit registered a drop in 4Q 2016
In 4Q 2016, current account deficit in Canada dropped to C$10.73 billion, from a revised current account deficit of C$19.75 billion in the previous quarter. Market anticipation was for the nation to record a current account deficit of C$9.75 billion.
Japanese investors turned net sellers of foreign bonds in the previous week
Japanese investors turned net sellers of ¥202.00 billion worth of foreign bonds in the week ended 24 February 2017, from being net buyers of ¥48.20 billion worth of foreign bonds in the prior week.
Japanese investors remained net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥159.50 billion worth of foreign stocks in the week ended 24 February 2017, from being net buyers of ¥164.90 billion worth of foreign stocks in the prior week.
Japanese corporate loans & discounts advanced in January
Corporate loans & discounts climbed 2.73% on a YoY basis in Japan, in January. In the prior month, corporate loans & discounts had risen 2.81%.
Japanese vehicle sales recorded a rise in February
On an annual basis, vehicle sales climbed 13.40% in February, in Japan. In the previous month, vehicle sales had registered a rise of 8.60%.
Foreign investors turned net buyers of Japanese bonds in the previous week
Foreign investors turned net buyers of ¥367.90 billion worth of Japanese bonds in the week ended 24 February 2017, as compared to being net sellers of ¥141.20 billion worth of Japanese bonds in the prior week.
Japanese monetary base advanced in February
In February, on an annual basis, the monetary base in Japan recorded a rise of 21.40%. In the prior month, the monetary base had climbed 22.60%.
Foreign investors became net sellers of Japanese stocks in the previous week
Foreign investors were net sellers of ¥261.10 billion worth of Japanese stocks in the week ended 24 February 2017, from being net sellers of ¥127.90 billion worth of Japanese stocks in the prior week.
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