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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Number of unemployment benefits claimants in the UK climbed in April
In the UK, number of unemployment benefits claimants rose by 19.40 K in April. Number of unemployment benefits claimants had recorded a revised gain of 33.50 K in the previous month.
UK ILO unemployment rate surprisingly dropped in the January-March 2017 period
In the January-March 2017 period, the ILO unemployment rate in the UK eased unexpectedly to 4.60%, lower than market expectations of an unchanged reading. In the December-February 2017 period, the ILO unemployment rate had recorded a level of 4.70%.
UK average earnings excluding bonus advanced as expected in the January-March 2017 period
In the UK, the average earnings excluding bonus recorded a rise of 2.10% in the January-March 2017 period, on an annual basis, meeting market expectations. In the December-February 2017 period, the average earnings excluding bonus had risen 2.20%.
UK average earnings including bonus rose as expected in the January-March 2017 period
On an annual basis, the average earnings including bonus climbed 2.40% in the January-March 2017 period, in the UK, at par with market expectations. In the December-February 2017 period, the average earnings including bonus had risen 2.30%.
UK claimant count rate rose in April
Compared to a level of 2.20% in the previous month, the claimant count rate advanced to 2.30% in April, in the UK.
Euro-zone core CPI rose as expected in April
On an annual basis, the final core consumer price index (CPI) advanced 1.20% in April, in the Euro-zone, in line with market expectations. The preliminary figures had also recorded an advance of 1.20%. The core CPI had recorded a rise of 0.70% in the prior month.
Euro-zone construction output eased in March
The seasonally adjusted construction output in the Euro-zone eased 1.10% in March on a monthly basis. Construction output had climbed by a revised 5.50% in the prior month.
Euro-zone CPI advanced as expected in April
The final CPI climbed 1.90% in the Euro-zone on a YoY basis in April, compared to an advance of 1.50% in the prior month. The preliminary figures had also indicated a rise of 1.90%. Markets were anticipating the CPI to rise 1.90%.
Euro-zone CPI rose as expected in April
The CPI rose 0.40% on a MoM basis in the Euro-zone in April, in line with market expectations. In the previous month, the CPI had risen 0.80%.
Italian trade surplus widened in March
Trade surplus (EU countries) in Italy widened to €1.25 billion in March. Italy had posted a revised trade surplus of €0.16 billion in the previous month.
Italian trade surplus rose in March
Trade surplus (non-EU countries) in Italy expanded to €4.14 billion in March. Italy had reported a trade surplus of €1.72 billion in the previous month.
US mortgage applications fell in the last week
Mortgage applications dropped 4.10% on a weekly basis, in the week ended 12 May 2017, in the US. In the previous week, mortgage applications had registered a rise of 2.40%.
Canadian manufacturing shipments rose less than expected in March
In Canada, manufacturing shipments registered a rise of 1.00% on a monthly basis in March, lower than market expectations for an advance of 1.30%. In the prior month, manufacturing shipments had fallen by a revised 0.60%.\
Japanese industrial production dropped in March
On a MoM basis, the final industrial production dropped 1.90% in Japan, in March. In the prior month, industrial production had climbed 3.20%. The preliminary figures had indicated a drop of 2.10%.
Japanese GDP deflator dropped more than expected in 1Q 2017
On a YoY basis in 1Q 2017, the preliminary gross domestic product (GDP) deflator dropped 0.80% in Japan, compared to a fall of 0.10% in the prior quarter. Markets were expecting the GDP deflator to drop 0.70%.
Japanese housing loans climbed in 1Q 2017
Housing loans recorded a rise of 3.30% on a YoY basis in Japan, in 1Q 2017. Housing loans had recorded a rise of 3.10% in the prior quarter.
Foreign investors remained net buyers of Japanese stocks in the previous week
Foreign investors remained net buyers of ¥372.20 billion worth of Japanese stocks in the week ended 12 May 2017, from being net buyers of a revised ¥237.90 billion worth of Japanese stocks in the prior week.
Japanese nominal GDP remained unchanged in 1Q 2017
The flash nominal GDP remained unchanged on a QoQ basis in Japan in 1Q 2017, lower than market expectations for an advance of 0.10%. In the prior quarter, nominal GDP had registered a rise of 0.40%.
Japanese annualised GDP advanced more than expected in 1Q 2017
In 1Q 2017, the flash annualised GDP registered a rise of 2.20% in Japan, on a quarterly basis, more than market expectations for an advance of 1.70%. Annualised GDP had recorded a rise of 1.20% in the previous quarter.
Japanese investors became net buyers of foreign bonds in the previous week
Japanese investors remained net buyers of ¥1821.20 billion worth of foreign bonds in the week ended 12 May 2017, as compared to being net buyers of a revised ¥425.80 billion worth of foreign bonds in the previous week.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥273.40 billion worth of foreign stocks in the week ended 12 May 2017, as compared to being net buyers of a revised ¥108.40 billion worth of foreign stocks in the prior week.
Japanese capacity utilisation declined in March
Capacity utilisation fell 1.60% on a MoM basis in Japan, in March. In the previous month, capacity utilisation had recorded a rise of 3.20%.
Japanese GDP advanced as expected in 1Q 2017
On a QoQ basis, the preliminary GDP rose 0.50% in Japan, in 1Q 2017, compared to an advance of 0.30% in the previous quarter. Markets were anticipating GDP to rise 0.50%.
Foreign investors turned net buyers of Japanese bonds in the previous week
Foreign investors turned net buyers of ¥395.40 billion worth of Japanese bonds in the week ended 12 May 2017, from being net sellers of a revised ¥39.90 billion worth of Japanese bonds in the prior week.
Japanese industrial production rose in March
On an annual basis, the final industrial production rose 3.50% in Japan, in March. In the prior month, industrial production had climbed 4.70%. The preliminary figures had recorded an advance of 3.30%.
Chinese house price index rose in April
The house price index in China advanced 10.70% in April on a YoY basis. In the previous month, the house price index had recorded a rise of 11.30%.
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