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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices rose more than expected in January
On a MoM basis in the UK, the seasonally adjusted house prices recorded a rise of 0.60% in January, compared to a similar rise in the prior month. Markets were anticipating house prices to climb 0.10%.
UK manufacturing PMI surprisingly dropped in January
In January, the manufacturing PMI in the UK registered an unexpected drop to 55.30, lower than market expectations of an advance to a level of 56.50. In the prior month, the manufacturing PMI had registered a revised level of 56.20.
UK house prices rose more than expected in January
The non-seasonally adjusted house prices recorded a rise of 3.20% on an annual basis in the UK, in January, compared to a rise of 2.60% in the prior month. Market anticipation was for house prices to rise 2.50%.
Euro-zone manufacturing PMI dropped in January
In January, the final manufacturing PMI recorded a drop to 59.60 in the Euro-zone, in line with market expectations. The manufacturing PMI had registered a reading of 60.60 in the previous month. The preliminary figures had also recorded a fall to 59.60.
German manufacturing PMI dropped in January
The final manufacturing PMI eased to 61.10 in Germany, in January, compared to a reading of 63.30 in the previous month. Markets were expecting manufacturing PMI to fall to 61.20. The preliminary figures had also recorded a fall to 61.20.
French manufacturing PMI dropped in January
The final manufacturing PMI recorded a drop to 58.40 in France, in January, compared to market expectations of a drop to 58.10. Manufacturing PMI had recorded a reading of 58.80 in the previous month. The preliminary figures had recorded a drop to 58.10.
Italian manufacturing PMI unexpectedly climbed in January
In January, the manufacturing PMI rose unexpectedly to 59.00 in Italy, higher than market expectations of a steady reading. The manufacturing PMI had registered a reading of 57.40 in the previous month.
Spanish manufacturing PMI declined in January
In January, the manufacturing PMI recorded a drop to 55.20 in Spain, compared to a level of 55.80 in the previous month. Market expectation was for the manufacturing PMI to fall to a level of 55.60.
Swiss SVME manufacturing PMI slid in January
In Switzerland, the SVME manufacturing PMI recorded a drop to 65.30 in January, compared to market expectations of a drop to a level of 64.20. In the prior month, the SVME manufacturing PMI had recorded a revised level of 65.60.
Swiss real retail sales climbed in December
Real retail sales in Switzerland climbed 0.60% on an annual basis, in December. Real retail sales had recorded a revised rise of 0.30% in the previous month.
Swiss SECO consumer climate advanced in 1Q 2018
The SECO consumer climate climbed to 5.00 in Switzerland, in 1Q 2018, higher than market expectations of a rise to a level of 2.00. The SECO consumer climate had registered a reading of -2.00 in quarter.
US non-farm business productivity surprisingly fell in 4Q 2017
In 4Q 2017, the preliminary non-farm business productivity in the US registered an unexpected drop of 0.10% on a QoQ basis, compared to an advance of 3.00% in the previous quarter. Market expectation was for the non-farm business productivity to rise 0.70%.
US ISM backlog orders climbed in January
In January, ISM backlog orders advanced to 56.20 in the US, compared to a revised level of 54.90 in the prior month.
US ISM manufacturing activity index fell in January
In January, the ISM manufacturing activity index in the US recorded a drop to 59.10, compared to a revised level of 59.30 in the prior month. Markets were expecting the ISM manufacturing activity index to drop to 58.60.
US ISM production declined in January
In January, ISM production in the US dropped to 64.50. ISM production had registered a revised level of 65.20 in the prior month.
US construction spending advanced more than expected in December
In the US, construction spending climbed 0.70% in December on a monthly basis, higher than market expectations for an advance of 0.40%. Construction spending had advanced by a revised 0.60% in the prior month.
US unit labour costs in non-farm businesses advanced more than expected in 4Q 2017
In 4Q 2017, on a QoQ basis, the preliminary unit labour costs in non-farm businesses in the US advanced 2.00%, more than market expectations for an advance of 0.90%. In the previous quarter, the unit labour costs in non-farm businesses had dropped 0.20%.
US continuing jobless claims unexpectedly advanced in the last week
The seasonally adjusted continuing jobless claims in the US advanced unexpectedly to a level of 1953.00 K in the week ended 20 January 2018, higher than market expectations of a drop to 1929.00 K. In the prior week, continuing jobless claims had registered a revised reading of 1940.00 K.
US ISM inventories climbed in January
In January, ISM inventories in the US registered a rise to 52.30. In the prior month, ISM inventories had recorded a level of 48.50.
US number of planned layoffs by US companies fell in January
The number of planned layoffs by US companies fell 2.80% in the US on an annual basis, in January. In the previous month, the number of planned layoffs by US companies had registered a drop of 3.60%.
US ISM prices paid index climbed in January
The ISM prices paid index in the US climbed to 72.70 in January, compared to market expectations of an advance to a level of 68.80. In the previous month, the ISM prices paid index had recorded a revised reading of 68.30.
US initial jobless claims unexpectedly dropped in the last week
The seasonally adjusted initial jobless claims eased unexpectedly to a level of 230.00 K in the week ended 27 January 2018, in the US, compared to a revised level of 231.00 K in the previous week. Market expectation was for initial jobless claims to climb to a level of 235.00 K.
US ISM new orders fell in January
ISM new orders eased to 65.40 in the US, in January. ISM new orders had registered a revised level of 67.40 in the prior month.
US Markit manufacturing PMI advanced in January
The final Markit manufacturing PMI recorded a rise to 55.50 in the US, in January, compared to a level of 55.10 in the previous month. Market expectation was for the Markit manufacturing PMI to advance to 55.50. The preliminary figures had also indicated an advance to 55.50.
Japanese monetary base advanced in January
On a YoY basis, the monetary base in Japan climbed 9.70% in January. The monetary base had risen 11.20% in the prior month.
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