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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index advanced less than expected in February
The Halifax house price index registered a rise of 0.10% on a monthly basis in the UK, in February, compared to a fall of 1.10% in the prior month. Markets were expecting the Halifax house price index to climb 0.40%.
UK Halifax house price index rose less than expected in the December-February 2017 period
On an annual basis in the UK, the Halifax house price index climbed 5.10% in the December-February 2017 period, less than market expectations for a rise of 5.30%. In the November-January 2017 period, the Halifax house price index had recorded a rise of 5.70%.
Euro-zone GDP rose as expected in 4Q 2016
The seasonally adjusted final gross domestic product (GDP) in the Euro-zone rose 0.40% in 4Q 2016 on a QoQ basis, at par with market expectations. The preliminary figures had also recorded a rise of 0.40%. GDP had registered a revised similar rise in the previous quarter.
Euro-zone gross fixed capital formation advanced as expected in 4Q 2016
In the Euro-zone, the gross fixed capital formation registered a rise of 0.60% on a quarterly basis in 4Q 2016, meeting market expectations. The gross fixed capital formation had dropped by a revised 0.70% in the previous quarter.
Euro-zone government expenditure rose as expected in 4Q 2016
In 4Q 2016, government expenditure registered a rise of 0.40% in the Euro-zone on a QoQ basis, meeting market expectations. In the previous quarter, government expenditure had climbed by a revised 0.10%.
Euro-zone GDP advanced as expected in 4Q 2016
The seasonally adjusted final GDP in the Euro-zone advanced 1.70% on an annual basis in 4Q 2016, compared to a revised advance of 1.80% in the prior quarter. Markets were expecting GDP to climb 1.70%. The preliminary figures had also indicated a rise of 1.70%.
Euro-zone household consumption expenditure advanced less than expected in 4Q 2016
In 4Q 2016, on a QoQ basis, household consumption expenditure in the Euro-zone climbed 0.40%, lower than market expectations for an advance of 0.50%. Household consumption expenditure had risen 0.30% in the previous quarter.
German factory orders declined more than expected in January
In Germany, the seasonally adjusted factory orders registered a drop of 7.40% in January on a monthly basis, compared to a rise of 5.20% in the previous month. Markets were anticipating factory orders to drop 2.50%.
German factory orders unexpectedly declined in January
On a YoY basis, the non-seasonally adjusted factory orders unexpectedly eased 0.80% in January, in Germany, lower than market expectations for an advance of 4.30%. Factory orders had recorded a rise of 8.00% in the previous month.
French budget deficit dropped in January
France has registered budget deficit of €5.40 billion in January, compared to a budget deficit of €69.00 billion in the previous month.
Italian PPI advanced in January
In January, on a MoM basis, the producer price index (PPI) climbed 1.10% in Italy. The PPI had advanced 0.60% in the previous month.
Italian PPI rose in January
On an annual basis, the PPI in Italy registered a rise of 2.80% in January. In the prior month, the PPI had risen 0.90%.
Swiss foreign currency reserves rose in February
In February, foreign currency reserves in Switzerland recorded a rise to CHF 668.18 billion, compared to a revised reading of CHF 643.90 billion in the previous month.
US trade deficit expanded in January
Trade deficit in the US expanded to $48.50 billion in January, from a trade deficit of $44.30 billion in the previous month. Markets were expecting the nation to register a trade deficit$48.50 billion.
US economic optimism index slid in March
In the US, the economic optimism index dropped to 55.30 in March, compared to a level of 56.40 in the prior month.
US Redbook index rose in the last week
On an annual basis, the Redbook index advanced 1.00% in the US, in the week ended 03 March 2017. The Redbook index had advanced 1.40% in the prior week.
US consumer credit advanced less than expected in January
In January, consumer credit rose $8.79 billion in the US, compared to a revised advance of $14.76 billion in the prior month. Market anticipation was for consumer credit to climb $17.25 billion.
US Redbook index eased in the last week
On a MoM basis, the seasonally adjusted Redbook index slid 0.80% in the week ended 03 March 2017, in the US. The Redbook index had advanced 0.70% in the prior week.
Canadian Ivey PMI fell surprisingly in February
In Canada, the seasonally adjusted Ivey PMI eased unexpectedly to a level of 55.00 in February, compared to a reading of 57.20 in the prior month. Markets were anticipating Ivey PMI to rise to 58.50.
Canadian Ivey PMI advanced in February
In February, the non-seasonally adjusted Ivey PMI rose to a level of 55.10 in Canada. Ivey PMI had recorded a level of 52.30 in the previous month.
Canadian international merchandise trade surplus rose in January
The international merchandise trade surplus in Canada rose to C$0.81 billion in January, compared to market expectations of an international merchandise trade surplus of C$0.75 billion. Canada had reported a revised international merchandise trade surplus of C$0.45 billion in the previous month.
Japanese GDP rose less than expected in 4Q 2016
In 4Q 2016, the final GDP advanced 0.30% on a QoQ basis in Japan, compared to a similar rise in the prior quarter. Markets were anticipating GDP to advance 0.40%. The preliminary figures had recorded a rise of 0.20%.
Japanese bank lending including trusts rose in February
In Japan, bank lending including trusts recorded a rise of 2.80% on an annual basis, in February. In the prior month, bank lending including trusts had advanced 2.50%.
Japanese current account surplus narrowed in January
The non-seasonally adjusted current account surplus in Japan narrowed to ¥65.50 billion in January, from a current account surplus of ¥1112.20 billion in the previous month. Markets were expecting the nation’s current account surplus to drop to ¥270.00 billion.
Japanese nominal GDP rose less than expected in 4Q 2016
The final nominal GDP climbed 0.40% on a QoQ basis in Japan, in 4Q 2016, compared to a revised advance of 0.20% in the previous quarter. Market anticipation was for nominal GDP to climb 0.50%. The preliminary figures had indicated a rise of 0.30%.
Japanese annualised GDP rose less than expected in 4Q 2016
In 4Q 2016, the final annualised GDP advanced 1.20% in Japan on a quarterly basis, lower than market expectations for an advance of 1.50%. The preliminary figures had recorded an advance of 1.00%. In the previous quarter, annualised GDP had registered a revised rise of 1.40%.
Japanese GDP deflator dropped as expected in 4Q 2016
In 4Q 2016, the final gross domestic product deflator registered a drop of 0.10% on a YoY basis in Japan, meeting market expectations. The preliminary figures had also recorded a drop of 0.10%. In the previous quarter, the GDP deflator had registered a revised similar fall.
Japan recorded (BOP basis) trade deficit in January
Japan has posted (BOP basis) trade deficit of ¥853.40 billion in January, compared to a (BOP basis) trade surplus of ¥806.80 billion in the prior month. Market anticipation was for a (BOP basis) trade deficit of ¥800.20 billion.
Japanese bank lending ex-trust climbed in February
Bank lending ex-trust registered a rise of 2.90% on a YoY basis, in February, in Japan. Bank lending ex-trust had recorded a rise of 2.60% in the previous month.
Japanese adjusted (total) current account surplus fell in January
Adjusted (total) current account surplus in Japan fell to ¥1259.80 billion in January, compared to a revised adjusted (total) current account surplus of ¥1659.40 billion in the prior month. Markets were expecting the nation to post a adjusted (total) current account surplus of ¥1464.10 billion.
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