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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI surprisingly rose in April
Compared to a level of 55.00 in the prior month the services PMI unexpectedly advanced to 55.80 in the UK, in April. Market expectation was for the services PMI to fall to 54.50.
UK net consumer credit advanced more than expected in March
In March, net consumer credit in the UK climbed £1.60 billion, compared to a revised rise of £1.50 billion in the previous month. Markets were expecting net consumer credit to climb £1.20 billion.
UK number of mortgage approvals for house purchases eased in March
In March, number of mortgage approvals for house purchases dropped to 66.80 K in the UK, compared to market expectations of a drop to 67.20 K. Number of mortgage approvals for house purchases had registered a revised reading of 67.90 K in the prior month.
UK M4 money supply rose in March
In the UK, M4 money supply registered a rise of 0.30% in March on a monthly basis. In the previous month, M4 money supply had dropped by a revised 0.20%.
UK net lending to individuals advanced more than expected in March
Net lending to individuals in the UK advanced £4.70 billion in March, compared to an advance of £4.90 billion in the prior month. Markets were expecting net lending to individuals to climb £4.50 billion.
UK official reserves climbed in April
Official reserves in the UK registered a rise of $1362.00 million in April. Official reserves had risen $77.00 million in the prior month.
UK net lending secured on dwellings advanced less than expected in March
In March, net lending secured on dwellings registered a rise of £3.10 billion in the UK, compared to a revised rise of £3.40 billion in the previous month. Market expectation was for net lending secured on dwellings to rise £3.30 billion.
UK M4 Ex-IOFCs 3M annualised rose in March
M4 Ex-IOFCs 3M annualised recorded a rise of 4.50% on a MoM basis in the UK, in March. M4 Ex-IOFCs 3M annualised had risen by a revised 4.70% in the prior month.
UK M4 money supply rose in March
M4 money supply advanced 6.60% on a YoY basis, in March, in the UK. M4 money supply had climbed by a revised 5.90% in the previous month.
UK new car registrations declined in April
New car registrations eased 19.80% on an annual basis, in April, in the UK. New car registrations had risen 8.40% in the previous month.
Euro-zone services PMI climbed in April
The final services PMI advanced to 56.40 in April, in the Euro-zone, compared to market expectations of an advance to a level of 56.20. In the previous month, services PMI had registered a level of 56.00. The preliminary figures had recorded an advance to 56.20.
Euro-zone composite PMI advanced in April
In the Euro-zone, the final composite PMI advanced to 56.80 in April, compared to market expectations of an advance to a level of 56.70. In the previous month, composite PMI had recorded a reading of 56.40. The preliminary figures had recorded an advance to 56.70.
Euro-zone retail sales rose more than expected in March
In March, on a monthly basis, the seasonally adjusted retail sales recorded a rise of 0.30% in the Euro-zone, compared to a revised rise of 0.50% in the previous month. Market anticipation was for retail sales to advance 0.10%.
German services PMI slid in April
The final services PMI in Germany dropped to 55.40 in April, less than market expectations of a fall to a level of 54.70. The preliminary figures had recorded a fall to 54.70. In the prior month, services PMI had recorded a level of 55.60.
French services PMI unexpectedly dropped in April
The final services PMI unexpectedly fell to a level of 56.70 in France, in April, compared to market expectations of an advance to 57.70. Services PMI had recorded a level of 57.50 in the prior month. The preliminary figures had recorded a rise to 57.70.
Italian services PMI advanced in April
The services PMI recorded a rise to 56.20 in April, in Italy, compared to market expectations of an advance to a level of 53.60. The services PMI had recorded a level of 52.90 in the prior month.
Number of people unemployed in Spain declined in April
Number of people unemployed registered a drop of 129.30 K in Spain, in April, compared to market expectations of a decline of 78.80 K. Number of people unemployed had recorded a fall of 48.60 K in the prior month.
Spanish services PMI rose in April
In Spain, the services PMI rose to a level of 57.80 in April, compared to market expectations of a rise to 57.70. In the prior month, the services PMI had recorded a level of 57.40.
Swiss SECO consumer climate surprisingly dropped in 2Q 2017
Compared to a level of -3.00 in the prior quarter the SECO consumer climate registered an unexpected drop to a level of -8.00 in 2Q 2017, in Switzerland. Market expectation was for the SECO consumer climate to advance to a level of 3.00.
US initial jobless claims dropped in the last week
The seasonally adjusted initial jobless claims fell to a level of 238.00 K in the US, in the week ended 29 April 2017, lower than market expectations of a drop to a level of 248.00 K. In the previous week, initial jobless claims had recorded a level of 257.00 K.
US number of planned layoffs by US companies declined in April
In the US, the number of planned layoffs by US companies recorded a drop to 36.60 K in April, compared to a level of 43.31 K in the prior month.
US continuing jobless claims surprisingly declined in the last week
In the US, the seasonally adjusted continuing jobless claims recorded an unexpected drop to a level of 1964.00 K in the week ended 22 April 2017, lower than market expectations of an advance to a level of 1990.00 K. In the prior week, continuing jobless claims had registered a revised reading of 1987.00 K.
US non-defence capital goods orders (ex aircraft) climbed in March
The final non-defence capital goods orders (ex aircraft) registered a rise of 0.50% in the US on a MoM basis, in March. The non-defence capital goods orders (ex aircraft) had advanced by a revised 0.10% in the prior month. The preliminary figures had recorded an advance of 0.20%.
US number of planned layoffs by US companies slid in April
In April, on a YoY basis, the number of planned layoffs by US companies slid 42.90% in the US. In the previous month, the number of planned layoffs by US companies had dropped 2.00%.
US non-farm business productivity fell more than expected in 1Q 2017
In 1Q 2017, the preliminary non-farm business productivity recorded a drop of 0.60% on a quarterly basis in the US, more than market expectations for a fall of 0.10%. The non-farm business productivity had recorded a rise of 1.30% in the previous quarter.
US durable goods orders (ex transportation) remained unchanged in March
In March, on a MoM basis, the final durable goods orders (ex transportation) in the US remained unchanged. In the previous month, durable goods orders (ex transportation) had recorded a revised rise of 0.70%. The preliminary figures had recorded a fall of 0.20%.
US factory orders advanced less than expected in March
Factory orders in the US climbed 0.20% on a monthly basis in March, compared to a revised rise of 1.20% in the previous month. Markets were anticipating factory orders to advance 0.40%.
US durable goods orders rose more than expected in March
In the US, the final durable goods orders recorded a rise of 0.90% in March on a MoM basis, higher than market expectations for a rise of 0.70%. The preliminary figures had recorded an advance of 0.70%. Durable goods orders had registered a revised rise of 2.30% in the previous month.
US non-defence capital goods shipments (ex aircraft) advanced in March
In the US, the final non-defence capital goods shipments (ex aircraft) advanced 0.50% in March, on a MoM basis. The non-defence capital goods shipments (ex aircraft) had registered a revised rise of 1.10% in the previous month. The preliminary figures had recorded a rise of 0.40%.
US unit labour costs in non-farm businesses rose more than expected in 1Q 2017
In 1Q 2017, the preliminary unit labour costs in non-farm businesses registered a rise of 3.00% in the US on a QoQ basis, more than market expectations for an advance of 2.70%. In the previous quarter, the unit labour costs in non-farm businesses had advanced 1.70%.
US trade deficit slid in March
Trade deficit in the US dropped to $43.70 billion in March, following a revised trade deficit of $43.80 billion in the prior month. Markets were expecting the nation’s trade deficit to widen to $44.50 billion.
Canadian international merchandise trade deficit dropped in March
In March, the international merchandise trade deficit in Canada dropped to C$0.14 billion, less than market expectations of an international merchandise trade deficit of C$1.00 billion. Canada had posted a revised international merchandise trade deficit of C$1.08 billion in the prior month.
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