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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house price balance steadied in February
House price balance remained unchanged at 24.00 % in the UK, in February, higher than market expectations of a fall to 23.00 %.
German industrial production remained flat in January
In Germany, the non-seasonally & working day adjusted industrial production remained flat in January, on a YoY basis, higher than market expectations for a fall of 0.60%. In the previous month, industrial production had dropped by a revised 0.10%.
German industrial production advanced more than expected in January
In January, the seasonally adjusted industrial production in Germany advanced 2.80% on a MoM basis, compared to a revised drop of 2.40% in the previous month. Market anticipation was for industrial production to advance 2.70%.
French current account deficit widened in January
Current account deficit in France expanded to €7.00 billion in January. France had reported a revised current account deficit of €1.20 billion in the previous month.
French trade deficit widened in January
In January, trade deficit in France rose to €7.94 billion, more than market expectations of a trade deficit of €3.80 billion. France had registered a revised trade deficit of €3.57 billion in the previous month.
Spanish calendar adjusted industrial output advanced more than expected in January
The calendar adjusted industrial output rose 2.50% in Spain on a YoY basis in January, compared to a revised advance of 2.00% in the prior month. Markets were anticipating the calendar adjusted industrial output to advance 2.40%.
Spanish housing price index climbed in 4Q 2016
The housing price index climbed 0.40% in Spain on a QoQ basis, in 4Q 2016. In the previous quarter, the housing price index had recorded a rise of 0.80%.
Swiss EU HICP rose more than expected in February
In February, on a MoM basis, the EU harmonised consumer price index (HICP) in Switzerland climbed 0.60%, compared to a drop of 0.20% in the previous month. Market anticipation was for the EU HICP to advance 0.20%.
Swiss CPI advanced more than expected in February
In February, on a YoY basis, the consumer price index (CPI) in Switzerland registered a rise of 0.60%, more than market expectations for an advance of 0.40%. The CPI had climbed 0.30% in the previous month.
Swiss CPI advanced more than expected in February
On a MoM basis, the CPI recorded a rise of 0.50% in Switzerland, in February, higher than market expectations for a rise of 0.20%. The CPI had recorded an unchanged reading in the previous month.
Swiss EU HICP rose more than expected in February
On a YoY basis, the EU HICP recorded a rise of 0.70% in February, in Switzerland, more than market expectations for an advance of 0.40%. In the prior month, the EU HICP had recorded a rise of 0.30%.
US non-farm business productivity advanced less than expected in 4Q 2016
In 4Q 2016, the final non-farm business productivity recorded a rise of 1.30% in the US on a quarterly basis, lower than market expectations for an advance of 1.50%. In the previous quarter, the non-farm business productivity had recorded a revised rise of 3.50%. The preliminary figures had also recorded an advance of 1.30%.
Private sector employment in the US climbed in February
The private sector employment in the US climbed by 298.00 K in February, more than market expectations of an advance of 187.00 K. The private sector employment had recorded a revised increase of 261.00 K in the previous month.
US mortgage applications rose in the last week
On a weekly basis, mortgage applications recorded a rise of 3.30% in the week ended 03 March 2017, in the US. In the previous week, mortgage applications had risen 5.80%.
US unit labour costs in non-farm businesses rose more than expected in 4Q 2016
In 4Q 2016, on a QoQ basis, the final unit labour costs in non-farm businesses rose 1.70% in the US, higher than market expectations for a rise of 1.60%. The preliminary figures had also recorded a rise of 1.70%. In the previous quarter, the unit labour costs in non-farm businesses had recorded a revised rise of 0.20%.
US wholesale inventories dropped more than expected in January
The seasonally adjusted final wholesale inventories registered a drop of 0.20% in the US on a monthly basis in January, higher than market expectations for a drop of 0.10%. In the previous month, the wholesale inventories had registered a revised rise of 0.90%. The preliminary figures had indicated a drop of 0.10%.
Canadian labour productivity rose as expected in 4Q 2016
In 4Q 2016, labour productivity advanced 0.40% in Canada on a quarterly basis, in line with market expectations. In the previous quarter, labour productivity had climbed 1.20%.
Canadian housing starts unexpectedly climbed in February
The seasonally adjusted housing starts in Canada rose unexpectedly to a level of 210.20 K in February, compared to market expectations of a drop to 200.00 K. Housing starts had registered a revised reading of 208.90 K in the prior month.
Canadian building permits advanced more than expected in January
In January, building permits climbed 5.40% on a MoM basis in Canada, more than market expectations for a rise of 3.00%. Building permits had fallen by a revised 4.40% in the prior month.
Japanese corporate bankruptcies dropped in February
On an annual basis, corporate bankruptcies recorded a drop of 4.84% in February, in Japan. In the prior month, corporate bankruptcies had dropped 10.37%.
Japanese investors remained net sellers of foreign bonds in the previous week
Japanese investors remained net sellers of ¥1130.60 billion worth of foreign bonds in the week ended 03 March 2017, from being net sellers of a revised ¥206.80 billion worth of foreign bonds in the previous week.
Japanese money supply M2+CD advanced as expected in February
Money supply M2+CD recorded a rise of 4.20% on an annual basis in Japan in February, in line with market expectations. In the previous month, money supply M2+CD had recorded a revised rise of 4.00%.
Foreign investors remained net buyers of Japanese bonds in the previous week
Foreign investors were net buyers of ¥608.30 billion worth of Japanese bonds in the week ended 03 March 2017, from being net buyers of ¥367.90 billion worth of Japanese bonds in the previous week.
Japanese M3 money supply rose as expected in February
In February, on an annual basis, M3 money supply registered a rise of 3.60% in Japan, compared to an advance of 3.50% in the prior month. Markets were anticipating M3 money supply to advance 3.60%.
Japanese leading economic index advanced in January
In January, the preliminary leading economic index in Japan rose to a level of 105.50, compared to market expectations of an advance to 105.40. The leading economic index had recorded a revised level of 104.90 in the previous month.
Japanese average office vacancies in Tokyo rose in February
On a MoM basis, average office vacancies in Tokyo registered a rise of 3.70% in February, in Japan. In the previous month, average office vacancies in Tokyo had advanced 3.74%.
Japanese Eco Watchers Survey for current situation eased unexpectedly in February
In February, Eco Watchers Survey for the current situation in Japan dropped unexpectedly to a level of 48.60, lower than market expectations of a rise to 50.00. Eco Watchers Survey for the current situation had recorded a level of 49.80 in the previous month.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors remained net buyers of ¥76.30 billion worth of foreign stocks in the week ended 03 March 2017, as compared to being net buyers of a revised ¥157.40 billion worth of foreign stocks in the prior week.
Japanese labour cash earnings advanced more than expected in January
In January, labour cash earnings in Japan registered a rise of 0.50% on an annual basis, higher than market expectations for an advance of 0.40%. In the previous month, labour cash earnings had registered a revised similar rise.
Japanese coincident index slid in January
In January, the preliminary coincident index in Japan recorded a drop to 114.90, compared to a revised reading of 115.60 in the previous month. Markets were anticipating the coincident index to ease to a level of 114.30.
Foreign investors became net sellers of Japanese stocks in the previous week
Foreign investors were net sellers of ¥167.10 billion worth of Japanese stocks in the week ended 03 March 2017, from being net sellers of a revised ¥260.90 billion worth of Japanese stocks in the previous week.
Japanese Eco Watchers Survey for future outlook climbed in February
Eco Watchers Survey for the future outlook in Japan registered a rise to 50.60 in February, higher than market expectations of an advance to 50.50. In the previous month, Eco Watchers Survey for the future outlook had registered a reading of 49.40.
Chinese CPI rose less than expected in February
In February, the CPI in China rose 0.80% on a YoY basis, lower than market expectations for an advance of 1.70%. In the prior month, the CPI had advanced 2.50%.
Chinese PPI advanced more than expected in February
On a YoY basis in February, the producer price index (PPI) rose 7.80% in China, higher than market expectations for an advance of 7.70%. The PPI had risen 6.90% in the prior month.
Chinese trade surplus dropped in February
China has reported trade surplus of $9.15 billion in February, compared to a revised trade surplus of $51.34 billion in the previous month. Markets were expecting the nation to register a trade surplus of $27.00 billion.
Chinese imports rose more than expected in February
In China, imports advanced 38.10% on a YoY basis in February, higher than market expectations for an advance of 20.00%. In the previous month, imports had risen 16.70%.
Chinese exports unexpectedly slid in February
In China, exports unexpectedly fell 1.30% on a YoY basis in February, less than market expectations for a rise of 14.00%. Exports had registered a rise of 7.90% in the prior month.
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