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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CBI Business Optimism declined in 2Q 2017
Optimism among London businesses for the next six months has declined, with a net 1.00% of firms showing optimism about their business prospects in 2Q 2017, as compared to a net 15.00% of firms that showed optimism in the prior quarter. Market anticipation was for a net 12.00% of firms to show optimism about their future business prospects.
UK balance of firms reporting total order book above normal declined in April
In the UK, the balance of firms reporting total order book above normal dropped to 4.00 in April, lower than market expectations of a fall to 5.00. In the prior month, the balance of firms reporting total order book above normal had registered a reading of 8.00.
Euro-zone government debt to GDP ratio climbed in year 2016
In year 2016, on an annual basis, government debt to gross domestic product (GDP) ratio in the Euro-zone recorded a rise of 89.20%. Government debt to GDP ratio had registered a revised rise of 90.30% in the previous year.
German Bundesbank: Growth likely to have accelerated in the first quarter
The German Bundesbank indicated in its monthly report that high industrial orders, exceptionally optimistic manufacturing sentiment and a rebound in exports supported German economic growth during the first quarter. However, the bank warned that German GDP potential is likely to fall to 0.75% per year by 2025 from around 1.25% at present due to the nation’s aging labour force.
German Ifo business climate index rose in April
The Ifo business climate index registered a rise to 112.90 in Germany, in April, higher than market expectations of an advance to a level of 112.40. In the prior month, the Ifo business climate index had registered a revised reading of 112.40.
German Ifo current assessment index unexpectedly rose in April
In April, the Ifo current assessment index recorded an unexpected rise to 121.10 in Germany, compared to market expectations of a fall to 119.20. The Ifo current assessment index had recorded a revised reading of 119.50 in the previous month.
German Ifo business expectations index unexpectedly slid in April
In April, the Ifo business expectations index eased unexpectedly to a level of 105.20 in Germany, compared to a level of 105.70 in the previous month. Markets were expecting the Ifo business expectations index to climb to a level of 105.90.
US Dallas Fed manufacturing business index surprisingly fell in April
The Dallas Fed manufacturing business index registered an unexpected drop to 16.80 in April, in the US, compared to a level of 16.90 in the previous month. Markets were anticipating the Dallas Fed manufacturing business index to rise to 17.00.
US Chicago Fed national activity index surprisingly fell in March
The Chicago Fed national activity index recorded an unexpected drop to 0.08 in the US, in March, compared to market expectations of a rise to 0.50. In the previous month, the Chicago Fed national activity index had recorded a revised level of 0.27.
Canadian wholesale sales fell less than expected in February
Wholesale sales eased 0.20% on a monthly basis in Canada, in February, less than market expectations for a fall of 1.00%. Wholesale sales had recorded a revised rise of 3.00% in the prior month.
Japanese leading economic index eased in February
The final leading economic index in Japan fell to a level of 104.80 in February, compared to a reading of 104.90 in the previous month. The preliminary figures had recorded a drop to 104.40.
Japanese corporate service price index rose as expected in March
In March, on a YoY basis, the corporate service price index registered a rise of 0.80% in Japan, compared to a similar rise in the prior month. Market expectation was for the corporate service price index to advance 0.80%.
Japanese supermarket sales dropped in March
In March, on an annual basis, supermarket sales in Japan eased 1.80%. In the prior month, supermarket sales had recorded a drop of 3.30%.
Japanese coincident index climbed in February
In February, the final coincident index in Japan recorded a rise to 115.30. In the previous month, the coincident index had recorded a level of 115.10. The preliminary figures had indicated an advance to 115.50.
Chinese leading economic index rose in March
The leading economic index in China rose 0.90% on a monthly basis, in March. The leading economic index had advanced by a revised 1.30% in the prior month.
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