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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone GDP rose as expected in 4Q 2017
In 4Q 2017, the seasonally adjusted second estimate of gross domestic product (GDP) in the Euro-zone climbed 0.60% on a QoQ basis, meeting market expectations. GDP had climbed by a revised 0.70% in the previous quarter. The preliminary figures had also indicated an advance of 0.60%.
Euro-zone GDP advanced as expected in 4Q 2017
The seasonally adjusted second estimate of GDP climbed 2.70% on a YoY basis in 4Q 2017, in the Euro-zone, meeting market expectations. The preliminary figures had also recorded an advance of 2.70%. In the previous quarter, GDP had registered a revised rise of 2.80%.
Euro-zone industrial production rose more than expected in December
In the Euro-zone, the working day adjusted industrial production rose 5.20% on a YoY basis in December, higher than market expectations for a rise of 4.20%. Industrial production had recorded a revised rise of 3.70% in the prior month.
Euro-zone industrial production advanced more than expected in December
The seasonally adjusted industrial production in the Euro-zone climbed 0.40% in December on a MoM basis, higher than market expectations for an advance of 0.10%. In the previous month, industrial production had climbed by a revised 1.30%.
German GDP advanced more than expected in 4Q 2017
In 4Q 2017, the non-seasonally adjusted flash GDP recorded a rise of 2.30% on an annual basis in Germany, compared to a similar rise in the previous quarter. Markets were anticipating GDP to advance 2.20%.
German GDP rose less than expected in 4Q 2017
In 4Q 2017, the working day adjusted preliminary GDP in Germany, advanced 2.90% on a YoY basis, lower than market expectations for a rise of 3.00%. GDP had risen 2.80% in the prior quarter.
German CPI advanced as expected in January
On a YoY basis, in Germany, the final consumer price index (CPI) registered a rise of 1.60% in January, at par with market expectations. The CPI had registered a rise of 1.70% in the previous month. The preliminary figures had also recorded an advance of 1.60%.
German CPI declined as expected in January
The final CPI in Germany recorded a drop of 0.70% in January on a monthly basis, at par with market expectations. The preliminary figures had also indicated a drop of 0.70%. The CPI had recorded a rise of 0.60% in the previous month.
German GDP advanced as expected in 4Q 2017
The seasonally adjusted preliminary GDP climbed 0.60% on a QoQ basis in 4Q 2017, in Germany, in line with market expectations. In the prior quarter, GDP had advanced 0.80%.
German HICP advanced as expected in January
On a YoY basis in Germany, the final harmonised consumer price index (HICP) rose 1.40% in January, meeting market expectations. The HICP had climbed 1.60% in the prior month. The preliminary figures had also indicated an advance of 1.40%.
German HICP dropped as expected in January
The final HICP fell 1.00% in Germany on a MoM basis in January, meeting market expectations. The preliminary figures had also recorded a fall of 1.00%. The HICP had recorded a rise of 0.80% in the previous month.
Italian GDP rose less than expected in 4Q 2017
On a quarterly basis in 4Q 2017, the flash gross domestic product (GDP) climbed 0.30% in Italy, compared to an advance of 0.40% in the prior quarter. Markets were anticipating the GDP to climb 0.40%.
US CPI (ex-food & energy) rises more than expected in January
On a monthly basis, the CPI (ex-food & energy) advanced 0.30% in the US, in January, compared to a revised rise of 0.20% in the prior month. Markets were expecting the CPI (ex-food & energy) to climb 0.20%.
US CPI rose more than expected in January
On a MoM basis, in the US, the CPI registered a rise of 0.50% in January, compared to a revised rise of 0.20% in the prior month. Market expectation was for the CPI to climb 0.30%.
US retail sales surprisingly advanced ease in January
In January, advance retail sales unexpectedly eased 0.30% on a MoM basis in the US, less than market expectations for an advance of 0.20%. Advance retail sales had registered a revised unchanged reading in the prior month.
US retail sales ex-autos remained unchanged in January
On a monthly basis, in January, retail sales ex-autos remained unchanged in the US, lower than market expectations for an advance of 0.50%. In the previous month, retail sales ex-autos had registered a revised rise of 0.10%.
US retail sales (ex-auto & gas) unexpectedly declined in January
In January, retail sales (ex-auto & gas) registered an unexpected drop of 0.20% on a MoM basis in the US, lower than market expectations for a rise of 0.30%. In the previous month, retail sales (ex-auto & gas) had registered a revised unchanged reading.
US mortgage applications fell in the last week
Mortgage applications in the US slid 4.10% on a weekly basis, in the week ended 09 February 2018. In the prior week, mortgage applications had recorded a rise of 0.70%.
US CPI advanced in January
In January, the non-seasonally adjusted CPI in the US advanced to 247.87, compared to market expectations of an advance to 247.60. In the previous month, the CPI had recorded a reading of 246.52.
US core CPI advanced in January
The seasonally adjusted core CPI registered a rise to 255.29 in January, in the US. The core CPI had recorded a revised level of 254.40 in the prior month.
US retail sales Control Group remained flat in January
Retail sales Control Group in the US remained unchanged in January on a MoM basis, compared to a revised drop of 0.20% in the previous month. Markets were anticipating retail sales Control Group to advance 0.40%.
US CPI advanced more than expected in January
In January, on an annual basis, the CPI in the US advanced 2.10%, more than market expectations for an advance of 1.90%. The CPI had registered a similar rise in the prior month.
US CPI (ex-food & energy) advanced more than expected in January
In the US, the CPI (CPI) (ex-food & energy) recorded a rise of 1.80% on an annual basis in January, higher than market expectations for an advance of 1.70%. In the previous month, the CPI (ex-food & energy) had registered a revised similar rise.
Canadian house price index rose in January
In January, on a MoM basis, the house price index in Canada advanced 0.30%. The house price index had risen 0.20% in the previous month.
Japanese machinery orders fell more than expected in December
On a MoM basis in Japan, machinery orders slid 11.90% in December, more than market expectations for a drop of 2.00%. In the previous month, machinery orders had climbed 5.70%.
Japanese capacity utilisation climbed in December
In December, on a MoM basis, capacity utilisation rose 2.80% in Japan. Capacity utilisation had recorded a flat reading in the prior month.
Japanese industrial production advanced in December
On a YoY basis, the final industrial production in Japan climbed 4.40% in December. In the prior month, industrial production had advanced 3.60%. The preliminary figures had recorded a rise of 4.20%.
Japanese machinery orders unexpectedly fell in December
On an annual basis in December, machinery orders recorded an unexpected drop of 5.00% in Japan, compared to a rise of 4.10% in the previous month. Market anticipation was for machinery orders to rise 1.80%.
Japanese industrial production advanced in December
The final industrial production rose 2.90% in Japan on a MoM basis, in December. In the previous month, industrial production had registered a rise of 0.50%. The preliminary figures had recorded an advance of 2.70%.
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