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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone core CPI rose as expected in February
In February, the flash core consumer price index (CPI) registered a rise of 1.00% on a YoY basis in the Euro-zone, compared to a similar rise in the prior month. Markets were anticipating the core CPI to rise 1.00%.
Euro-zone CPI advanced as expected in February
On an annual basis in the Euro-zone, the final CPI registered a rise of 1.20% in February, in line with market expectations. In the previous month, the CPI had risen 1.30%. The preliminary figures had indicated a rise of 1.30%.
German unemployment rate remained steady in February
The seasonally adjusted unemployment rate in Germany remained flat at 5.40% in February, in line with market expectations.
German number of people unemployed dropped more than expected in February
in Germany, the number of people unemployed slid 22.00 K in February, more than market expectations for a drop of 15.00 K. In the prior month, the number of people unemployed had registered a drop of 25.00 K.
German consumer confidence index fell in March
In March, the consumer confidence index in Germany registered a drop to 10.80, compared to market expectations of a fall to a level of 10.90. In the prior month, the consumer confidence index had registered a level of 11.00.
French CPI (ex-tobacco) surprisingly fell in February
The preliminary CPI (ex-tobacco) in France unexpectedly fell 0.10% in February on a MoM basis, lower than market expectations for an advance of 0.30%. In the previous month, the CPI (ex-tobacco) had registered a similar fall.
French EU normalised CPI remained steady in February
The flash EU normalised CPI remained steady on a MoM basis in February, in France, compared to a drop of 0.10% in the previous month. Market expectation was for EU normalised CPI to rise 0.20%.
French consumer spending unexpectedly declined in January
Consumer spending registered an unexpected drop of 1.90% on a monthly basis in France, in January, compared to a fall of 1.20% in the previous month. Market expectation was for consumer spending to advance 0.40%.
French GDP advanced more than expected in 4Q 2017
In 4Q 2017, the second estimate of gross domestic product (GDP) registered a rise of 2.50% on an annual basis in France, compared to a rise of 2.30% in the previous quarter. Market anticipation was for GDP to climb 2.40%. The preliminary figures had recorded an advance of 2.40%.
French GDP rose as expected in 4Q 2017
The second estimate of GDP in France recorded a rise of 0.60% on a quarterly basis in 4Q 2017, compared to a revised rise of 0.50% in the prior quarter. The preliminary figures had also recorded a rise of 0.60%. Markets were anticipating GDP to rise 0.60%.
French EU normalised CPI advanced less than expected in February
On an annual basis, the flash EU normalised CPI in France advanced 1.30% in February, lower than market expectations for an advance of 1.50%. EU normalised CPI had climbed 1.50% in the previous month.
French PPI climbed in January
The producer price index (PPI) advanced 0.90% on an annual basis in France, in January. In the prior month, the PPI had risen 1.70%.
French CPI (ex-tobacco) rose less than expected in February
The preliminary CPI (ex-tobacco) in France recorded a rise of 1.20% in February on an annual basis, compared to a rise of 1.30% in the prior month. Markets were expecting the CPI (ex-tobacco) to rise 1.40%.
French PPI rose in January
The PPI advanced 0.10% on a MoM basis, in January, in France. In the prior month, the PPI had registered an unchanged reading.
Italian EU normalised CPI advanced less than expected in February
In February, the preliminary EU normalised CPI rose 0.70% in Italy on a YoY basis, less than market expectations for a rise of 1.00%. The EU normalised CPI had recorded a rise of 1.20% in the previous month.
Italian EU normalised CPI unexpectedly slid in February
On a monthly basis, the preliminary EU normalised CPI recorded an unexpected drop of 0.30% in Italy, in February, less than market expectations for an unchanged reading. The EU normalised CPI had fallen 1.60% in the previous month.
Italian CPI rose less than expected in February
The preliminary CPI advanced 0.60% on an annual basis in February, less than market expectations for an advance of 0.70%. In the previous month, the CPI had recorded a rise of 0.90%.
Italian CPI advanced less than expected in February
In Italy, the flash CPI recorded a rise of 0.10% on a MoM basis in February, less than market expectations for a rise of 0.20%. In the prior month, the CPI had recorded a rise of 0.30%.
Spanish current account surplus dropped in December
Current account surplus of €2.60 billion in December, following a current account surplus of €3.00 billion in the prior month.
Swiss economic expectations index declined in February
The economic expectations index in Switzerland eased to 25.80 in February. The economic expectations index had recorded a reading of 34.50 in the previous month.
Swiss KOF economic barometer surprisingly climbed in February
The KOF economic barometer recorded an unexpected rise to 108.00 in Switzerland, in February, compared to market expectations of a drop to a level of 106.00. The KOF economic barometer had recorded a revised level of 107.60 in the prior month.
US personal consumption advanced more than expected in 4Q 2017
In 4Q 2017, the second estimate of personal consumption in the US, advanced 3.80% on a QoQ basis, higher than market expectations for a rise of 3.60%. In the previous quarter, personal consumption had registered a similar rise. The preliminary figures had recorded a rise of 2.40%.
US core personal consumption expenditure advanced as expected in 4Q 2017
In 4Q 2017, on a QoQ basis, the second estimate of core personal consumption expenditure in the US rose 1.90%, in line with market expectations. Core personal consumption expenditure had recorded a rise of 1.30% in the prior quarter. The preliminary figures had also indicated an advance of 1.90%.
US mortgage applications rose in the last week
On a weekly basis, mortgage applications advanced 2.70% in the US, in the week ended 23 February 2018. Mortgage applications had registered a drop of 6.60% in the prior week.
US Chicago Fed purchasing managers index dropped in February
In the US, the Chicago Fed purchasing managers index fell to a level of 61.90 in February, compared to a level of 65.70 in the previous month. Market anticipation was for the Chicago Fed purchasing managers index to ease to 64.10.
US pending home sales unexpectedly dropped in January
On a MoM basis, pending home sales in the US unexpectedly fell 4.70% in January, compared to a revised unchanged reading in the prior month. Markets were anticipating pending home sales to climb 0.50%.
US GDP price index advanced less than expected in 4Q 2017
The second estimate of GDP price index advanced 2.30% on a QoQ basis in the US, in 4Q 2017, compared to an advance of 2.10% in the prior quarter. Markets were anticipating the GDP price index to advance 2.40%. The preliminary figures had indicated an advance of 2.40%.
US pending home sales dropped in January
In January, on a YoY basis, pending home sales dropped 1.70% in the US. In the previous month, pending home sales had dropped 1.80%. drop 979.20 K barrels.
US annualised GDP rose as expected in 4Q 2017
On a QoQ basis, in 4Q 2017, the second estimate of annualised GDP recorded a rise of 2.50% in the US, compared to an advance of 3.20% in the previous quarter. Market anticipation was for the annualised GDP to advance 2.50%. The preliminary figures had indicated an advance of 2.60%.
Canadian industrial product price index rose less than expected in January
In January, the industrial product price index rose 0.30% in Canada on a monthly basis, compared to a drop of 0.10% in the prior month. Market anticipation was for the industrial product price index to rise 0.50%.
Canadian raw material price index climbed in January
The raw material price index climbed 3.30% in Canada on a MoM basis, in January. The raw material price index had recorded a drop of 0.90% in the previous month.
Japanese housing starts dropped more than expected in January
On an annual basis, housing starts in Japan registered a drop of 13.20% in January, higher than market expectations for a fall of 4.70%. Housing starts had registered a drop of 2.10% in the previous month.
Japanese corporate loans & discounts rose in January
In January, on a YoY basis, corporate loans & discounts advanced 2.53% in Japan. In the previous month, corporate loans & discounts had risen by a revised 2.74%.
Foreign investors turned net sellers of Japanese stocks in the previous week
Foreign investors turned net sellers of ¥53.60 billion worth of Japanese stocks in the week ended 23 February 2018, as compared to being net buyers of a revised ¥127.20 billion worth of Japanese stocks in the previous week.
Japanese investors turned net buyers of foreign stocks in the previous week
Ministry of Finance has reported that Japanese investors turned net buyers of ¥45.00 billion worth of foreign stocks in the week ended 23 February 2018, as compared to being net sellers of ¥587.10 billion worth of foreign stocks in the previous week.
Japanese manufacturing PMI dropped in February
In Japan, the final manufacturing PMI dropped to 54.10 in February. In the prior month, manufacturing PMI had recorded a reading of 54.80. The preliminary figures had indicated a fall to 54.00.
Japanese capital spending rose more than expected in 4Q 2017
In 4Q 2017, on a YoY basis, capital spending recorded a rise of 4.30% in Japan, compared to an advance of 4.20% in the previous quarter. Market expectation was for capital spending to climb 3.00%.
Japanese investors turned net buyers of foreign bonds in the previous week
Japanese investors turned net buyers of ¥201.30 billion worth of foreign bonds in the week ended 23 February 2018, as compared to being net sellers of a revised ¥512.60 billion worth of foreign bonds in the previous week.
Japanese annualised housing starts unexpectedly dropped in January
In January, the annualised housing starts recorded an unexpected drop to a level of 0.86 million units in Japan, lower than market expectations of an unchanged reading. In the previous month, the annualised housing starts had recorded a level of 0.94 million units.
Japanese construction orders rose in January
In Japan, construction orders registered a rise of 0.90% in January on an annual basis. Construction orders had fallen 8.10% in the previous month.
Japanese capital spending excluding software rose more than expected in 4Q 2017
Capital spending excluding software in Japan recorded a rise of 4.70% on a YoY basis in 4Q 2017, more than market expectations for an advance of 2.70%. In the previous quarter, capital spending excluding software had registered a rise of 4.30%.
Foreign investors remained net sellers of Japanese bonds in the previous week
Foreign investors were net sellers of ¥20.60 billion worth of Japanese bonds in the week ended 23 February 2018, as compared to being net sellers of ¥789.50 billion worth of Japanese bonds in the prior week.
Chinese Caixin/Markit manufacturing PMI index surprisingly rose in February
Caixin/Markit manufacturing PMI index climbed unexpectedly to 51.60 in China, in February, compared to a level of 51.50 in the previous month. Market anticipation was for Caixin/Markit manufacturing PMI index to ease to a level of 51.30.
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