Hot Features
Premium
Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK net consumer credit advanced as expected in January
Net consumer credit climbed £1.40 billion in the UK, in January, in line with market expectations. In the previous month, net consumer credit had registered a revised rise of £1.60 billion.
UK house prices unexpectedly dropped in February
On a monthly basis, the seasonally adjusted house prices unexpectedly eased 0.30% in February, in the UK, compared to a revised advance of 0.80% in the previous month. Markets were anticipating house prices to climb 0.10%.
UK house prices rose less than expected in February
In February on an annual basis, the non-seasonally adjusted house prices in the UK registered a rise of 2.20%, lower than market expectations for an advance of 2.60%. In the prior month, house prices had climbed 3.20%.
UK manufacturing PMI eased in February
In the UK, the manufacturing PMI eased to 55.20 in February, higher than market expectations of a drop to a level of 55.00. The manufacturing PMI had registered a reading of 55.30 in the prior month.
UK number of mortgage approvals for house purchases climbed in January
Number of mortgage approvals for house purchases in the UK registered a rise to 67.50 K in January, higher than market expectations of a rise to a level of 62.00 K. In the previous month, number of mortgage approvals for house purchases had registered a revised level of 61.70 K.
UK net lending secured on dwellings advanced less than expected in January
Net lending secured on dwellings in the UK advanced £3.40 billion in January, compared to a revised rise of £3.50 billion in the prior month. Markets were expecting net lending secured on dwellings to climb £3.60 billion.
Euro-zone unemployment rate remained flat in January
In the Euro-zone, the unemployment rate remained unchanged at a level of 8.60% in January, at par with market expectations.
Euro-zone manufacturing PMI slid in February
The final manufacturing PMI in the Euro-zone eased to 58.60 in February, higher than market expectations of a fall to a level of 58.50. The manufacturing PMI had recorded a level of 59.60 in the prior month. The preliminary figures had indicated a fall to 58.50.
German manufacturing PMI slid in February
The final manufacturing PMI recorded a drop to 60.60 in February, in Germany, compared to market expectations of a drop to 60.30. The preliminary figures had recorded a fall to 60.30. In the previous month, manufacturing PMI had recorded a reading of 61.10.
French manufacturing PMI dropped in February
The final manufacturing PMI registered a drop to 55.90 in France, in February, compared to market expectations of a fall to 56.10. The preliminary figures had recorded a fall to 56.10. In the previous month, manufacturing PMI had registered a reading of 58.40.
Italian unemployment rate surprisingly advanced in January
In January, unemployment rate in Italy rose unexpectedly to 11.10%, compared to market expectations of a drop to 10.80%. In the prior month, unemployment rate had registered a revised level of 10.90%.
Italian manufacturing PMI dropped in February
In Italy, the manufacturing PMI fell to a level of 56.80 in February, lower than market expectations of a drop to a level of 58.00. The manufacturing PMI had registered a reading of 59.00 in the previous month.
Italian GDP advanced as expected in year 2017
On an annual basis, in Italy, gross domestic product (GDP) climbed 1.50% in year 2017, in line with market expectations. GDP – annual had registered a rise of 0.90% in the prior year.
Spanish GDP advanced as expected in 4Q 2017
In 4Q 2017, on a YoY basis, the GDP registered a rise of 3.10% in Spain, compared to a similar rise in the prior quarter. The preliminary figures had also indicated an advance of 3.10%. Market anticipation was for GDP to advance 3.10%.
Spanish GDP rose as expected in 4Q 2017
On a QoQ basis, the final GDP climbed 0.70% in 4Q 2017, in Spain, in line with market expectations. The preliminary figures had also recorded a rise of 0.70%. In the previous quarter, GDP had risen 0.80%.
Spanish manufacturing PMI surprisingly climbed in February
The manufacturing PMI advanced unexpectedly to 56.00 in Spain, in February, compared to a reading of 55.20 in the prior month Market anticipation was for the manufacturing PMI to drop to 54.80.
Swiss SVME manufacturing PMI surprisingly advanced in February
SVME manufacturing PMI registered an unexpected rise to 65.50 in Switzerland, in February, higher than market expectations of a drop to a level of 64.00. The SVME manufacturing PMI had registered a reading of 65.30 in the prior month.
Swiss GDP advanced more than expected in 4Q 2017
In Switzerland, GDP registered a rise of 1.90% on an annual basis in 4Q 2017, compared to an advance of 1.20% in the previous quarter. Market expectation was for GDP to rise 1.70%.
Swiss GDP rose more than expected in 4Q 2017
In Switzerland, the seasonally adjusted GDP climbed 0.60% in 4Q 2017, on a quarterly basis, higher than market expectations for a rise of 0.50%. In the prior quarter, GDP had climbed by a revised 0.70%.
Swiss real retail sales dropped in January
Real retail sales dropped 1.40% in Switzerland on a YoY basis, in January. In the prior month, real retail sales had risen by a revised 0.70%.
US ISM production declined in February
In the US, ISM production recorded a drop to 62.00 in February. In the prior month, ISM production had registered a level of 64.50.
US personal spending rose as expected in January
On a monthly basis in January, personal spending climbed 0.20% in the US, in line with market expectations. In the previous month, personal spending had registered a rise of 0.40%.
US continuing jobless claims advanced in the last week
In the week ended 17 February 2018, the seasonally adjusted continuing jobless claims registered a rise to 1931.00 K in the US, compared to a revised reading of 1874.00 K in the previous week. Market anticipation was for continuing jobless claims to rise to 1925.00 K.
US personal consumption expenditure deflator rose as expected in January
On a monthly basis in the US, personal consumption expenditure deflator climbed 0.40% in January, compared to an advance of 0.10% in the previous month. Market expectation was for personal consumption expenditure deflator to rise 0.40%.
US core personal consumption expenditure advanced as expected in January
On a MoM basis, core personal consumption expenditure rose 0.30% in January, in the US, in line with market expectations. In the previous month, core personal consumption expenditure had registered a rise of 0.20%.
US Markit manufacturing PMI unexpectedly declined in February
The final Markit manufacturing PMI recorded an unexpected drop to a level of 55.30 in February, in the US, compared to market expectations of an advance to 55.90. The Markit manufacturing PMI had registered a reading of 55.50 in the previous month. The preliminary figures had recorded a rise to 55.90.
US ISM prices paid index unexpected rose in February
In February, the ISM prices paid index rose unexpectedly to a level of 74.20 in the US, compared to market expectations of a fall to a level of 70.00. The ISM prices paid index had registered a reading of 72.70 in the previous month.
US personal consumption expenditure deflator rose as expected in January
In the US, personal consumption expenditure deflator registered a rise of 1.70% in January on an annual basis, meeting market expectations. In the previous month, personal consumption expenditure deflator had registered a similar rise.
US construction spending remained flat in January
Construction spending in the US remained steady in January on a MoM basis, compared to a revised rise of 0.80% in the previous month. Market expectation was for construction spending to climb 0.30%.
US ISM manufacturing activity index surprisingly climbed in February
The ISM manufacturing activity index advanced unexpectedly to a level of 60.80 in February, in the US, compared to a reading of 59.10 in the previous month. Market anticipation was for the ISM manufacturing activity index to fall to a level of 58.70.
US personal income advanced more than expected in January
In January, on a monthly basis, personal income in the US climbed 0.40%, higher than market expectations for an advance of 0.30%. Personal income had registered a similar rise in the previous month.
US initial jobless claims surprisingly dropped in the last week
In the week ended 24 February 2018, the seasonally adjusted initial jobless claims in the US recorded an unexpected drop to 210.00 K, compared to market expectations of an advance to a level of 225.00 K. Initial jobless claims had recorded a revised reading of 220.00 K in the prior week.
US ISM backlog orders advanced in February
ISM backlog orders climbed to 59.80 in February, in the US, compared to a reading of 56.20 in the previous month
US ISM new orders dropped in February
ISM new orders in the US dropped to 64.20 in February, compared to a level of 65.40 in the prior month
US core personal consumption expenditure advanced as expected in January
In January on an annual basis, core personal consumption expenditure in the US registered a rise of 1.50%, meeting market expectations. In the previous month, core personal consumption expenditure had registered a similar rise.
Canadian manufacturing PMI declined in February
The manufacturing PMI in Canada registered a drop to 55.60 in February. In the previous month, the manufacturing PMI had recorded a reading of 55.90.
Canadian current account deficit dropped in 4Q 2017
Current account deficit in Canada fell to C$16.35 billion in 4Q 2017, following a revised current account deficit of C$18.59 billion in the prior quarter. Market anticipation was for the nation to post a current account deficit of C$17.65 billion.
Japanese consumer confidence index unexpectedly dropped in February
The consumer confidence index registered an unexpected drop to a level of 44.30 in Japan, in February, compared to a reading of 44.70 in the previous month Markets were anticipating the consumer confidence index to climb to a level of 44.80.
Japanese Tokyo CPI rose as expected in February
On a YoY basis, Tokyo consumer price index rose (CPI) 1.40% in February, in Japan, at par with market expectations. In the prior month, Tokyo CPI had advanced 1.30%.
Japanese monetary base rose in February
The monetary base in Japan registered a rise of 9.40% on an annual basis, in February. The monetary base had risen 9.70% in the previous month.
Japanese job to applicant ratio remained steady in January
Job to applicant ratio in Japan remained unchanged at 1.59 in January. Markets were expecting job to applicant ratio to climb to a level of 1.60.
Japanese Tokyo CPI excluding fresh food advanced more than expected in February
On an annual basis, Tokyo CPI excluding fresh food climbed 0.90% in February, in Japan, higher than market expectations for a rise of 0.80%. Tokyo CPI excluding fresh food had recorded a rise of 0.70% in the prior month.
Japanese unemployment rate surprisingly dropped in January
In January, unemployment rate registered an unexpected drop to a level of 2.40% in Japan, compared to a level of 2.80% in the previous month. Markets were anticipating unemployment rate to remain unchanged.
Japanese vehicle sales eased in February
Vehicle sales registered a drop of 4.90% on a YoY basis, in February, in Japan. Vehicle sales had fallen 5.70% in the previous month.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
