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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK visible trade deficit widened in January
Visible trade deficit in the UK rose to £12.33 billion in January, compared to a revised visible trade deficit of £11.77 billion in the previous month. Market anticipation was for the country’s visible trade deficit to widen to £11.90 billion.
UK trade deficit dropped in January
Non-EU trade deficit in the UK fell to £3.87 billion in January, following a revised trade deficit of £3.89 billion in the previous month. Markets were expecting the nation’s trade deficit to expand to £4.50 billion.
UK NIESR estimated GDP advanced less than expected in the December-February 2018 period
NIESR estimated gross domestic product (GDP) in the UK rose 0.30% on a monthly basis in the December-February 2018 period, compared to a revised advance of 0.40% in the November-January 2018 period. Markets were expecting NIESR estimated GDP to rise 0.40%.
UK industrial production rose less than expected in January
In January, industrial production in the UK, climbed 1.60% on an annual basis, less than market expectations for an advance of 1.90%. Industrial production had recorded an unchanged reading in the prior month.
UK manufacturing production advanced less than expected in January
In January, manufacturing production advanced 0.10% in the UK on a monthly basis, compared to a rise of 0.30% in the prior month. Markets were expecting manufacturing production to advance 0.20%.
UK construction output declined more than expected in January
Construction output fell 3.90% in the UK, on an annual basis in January, more than market expectations for a fall of 1.00%. In the previous month, construction output had recorded a drop of 0.20%.
UK construction output declined more than expected in January
Construction output in the UK slid 3.40% in January on a MoM basis, higher than market expectations for a drop of 0.50%. Construction output had risen 1.60% in the prior month.
UK total trade deficit rose in January
In January, total trade deficit in the UK rose to £3.07 billion, following a revised total trade deficit of £2.49 billion in the previous month. Markets were expecting the nation to post a total trade deficit of £3.40 billion.
UK industrial production advanced less than expected in January
On a monthly basis, industrial production in the UK recorded a rise of 1.30% in January, less than market expectations for a rise of 1.50%. Industrial production had dropped 1.30% in the previous month.
UK manufacturing production rose less than expected in January
In January, manufacturing production rose 2.70% in the UK on an annual basis, lower than market expectations for a rise of 2.80%. In the previous month, manufacturing production had advanced 1.40%.
German trade surplus narrowed in January
In January, the seasonally adjusted trade surplus in Germany dropped to €17.40 billion, compared to market expectations of a trade surplus of €18.10 billion. Germany had posted a trade surplus of €18.20 billion in the previous month.
German industrial production unexpectedly dropped in January
The seasonally adjusted industrial production unexpectedly fell 0.10% in Germany, on a monthly basis in January, less than market expectations for an advance of 0.60%. In the prior month, industrial production had recorded a revised drop of 0.50%.
German labor costs rose in 4Q 2017
In 4Q 2017, on a quarterly basis, the seasonally adjusted labor costs recorded a rise of 0.40% in Germany. In the prior quarter, labor costs had risen by a revised 0.50%.
German industrial production rose less than expected in January
In Germany, the non-seasonally & working day adjusted industrial production registered a rise of 5.50% in January on a YoY basis, compared to a revised rise of 6.20% in the previous month. Market anticipation was for industrial production to climb 6.00%.
German exports surprisingly eased in January
In January, the seasonally adjusted exports in Germany unexpectedly eased 0.50% on a monthly basis, less than market expectations for a rise of 0.30%. In the previous month, exports had registered a revised flat reading.
German labor costs rose in 4Q 2017
The working day adjusted labor costs in Germany recorded a rise of 1.50% in 4Q 2017 on a YoY basis. In the prior quarter, labor costs had registered a rise of 2.20%.
German current account surplus narrowed in January
The non-seasonally adjusted current account surplus in Germany fell to €22.00 billion in January, more than market expectations of a current account surplus of €17.20 billion. Germany had reported a current account surplus of €27.80 billion in the prior month.
German imports declined more than expected in January
In January, on a MoM basis, the seasonally adjusted imports fell 0.50% in Germany, compared to a rise of 1.40% in the prior month. Market expectation was for imports to fall 0.10%.
French manufacturing production unexpectedly eased in January
On a MoM basis, manufacturing production in France recorded an unexpected drop of 1.10% in January, lower than market expectations for an advance of 0.30%. Manufacturing production had recorded a revised drop of 0.10% in the previous month.
French budget deficit fell in January
In January, budget deficit in France narrowed to €10.80 billion, from a budget deficit of €67.80 billion in the prior month.
French industrial production dropped more than expected in January
Industrial production fell 2.00% on a monthly basis in January, in France, higher than market expectations for a drop of 0.30%. In the prior month, industrial production had risen by a revised 0.20%.
Italian PPI advanced in January
In January, on an annual basis, the producer price index (PPI) climbed 1.80% in Italy. In the previous month, the PPI had climbed 2.20%.
Italian PPI advanced in January
The PPI in Italy advanced 0.80% in January on a MoM basis. The PPI had recorded an unchanged reading in the previous month.
Spanish unadjusted industrial output rose in January
On a YoY basis, the unadjusted industrial output climbed 4.00% in January, in Spain. The unadjusted industrial output had climbed by a revised 3.10% in the previous month.
Spanish calendar adjusted industrial output advanced less than expected in January
The calendar adjusted industrial output climbed 1.20% on an annual basis in Spain in January, lower than market expectations for an advance of 5.10%. In the previous month, the calendar adjusted industrial output had climbed by a revised 5.80%.
Non-farm payrolls in the US rose in February
Non-farm payrolls in the US rose by 313.00 K in February, higher than market anticipations of an advance of 205.00 K. Non-farm payrolls had registered a revised increase of 239.00 K in the prior month.
Manufacturing payrolls in the US rose in February
The US, manufacturing payrolls registered a rise of 31.00 K in February, higher than market anticipations of an advance of 15.00 K. Manufacturing payrolls had recorded a revised increase of 25.00 K in the previous month.
US underemployment rate remained steady in February
Underemployment rate in the US remained unchanged at a level of 8.20% in February.
US average weekly hours of all employees unexpectedly climbed in February
Average weekly hours of all employees registered an unexpected rise to 34.50 in the US, in February, higher than market expectations of a steady reading. In the previous month, average weekly hours of all employees had registered a revised level of 34.40.
US average hourly earnings of all employees advanced less than expected in February
In the US, average hourly earnings of all employees registered a rise of 0.10% in February on a monthly basis, compared to a rise of 0.30% in the previous month. Markets were anticipating average hourly earnings of all employees to climb 0.20%.
Private payrolls in the US rose in February
Private payrolls in the US registered a rise of 287.00 K in February, higher than market expectations of an advance of 205.00 K. Private payrolls had recorded a revised gain of 238.00 K in the prior month.
US wholesale inventories advanced more than expected in January
The seasonally adjusted final wholesale inventories advanced 0.80% on a MoM basis in January, in the US, compared to a revised rise of 0.60% in the prior month. The preliminary figures had indicated an advance of 0.70%. Market anticipation was for the wholesale inventories to advance 0.70%.
Household employment in the US rose in February
Household employment rose by 785.00 K in the US, in February, compared to an increase of 409.00 K in the previous month.
US labour force participation rate rose in February
In February, the labour force participation rate climbed to 63.00 % in the US. The labour force participation rate had registered a reading of 62.70 % in the previous month.
US unemployment rate remained unchanged in February
Unemployment rate remained flat at 4.10% in February, in the US. Market expectation was for unemployment rate to fall to 4.00%.
US average hourly earnings of all employees rose less than expected in February
In February, average hourly earnings of all employees climbed 2.60% on an annual basis in the US, lower than market expectations for a rise of 2.80%. In the prior month, average hourly earnings of all employees had recorded a revised rise of 2.80%.
Canadian capacity utilisation climbed in 4Q 2017
In 4Q 2017, capacity utilisation in Canada recorded a rise to 86.00%, compared to a revised reading of 85.10% in the prior quarter. Markets were anticipating capacity utilisation to rise to 85.20%.
Canadian unemployment rate eased unexpectedly in February
The unemployment rate in Canada eased unexpectedly to a level of 5.80% in February, compared to market expectations of a steady reading. In the prior month, the unemployment rate had registered a reading of 5.90%.
Net number of people employed in Canada rose in February
The net number of people employed in Canada advanced by 15.40 K in February, following a fall of 88.00 K in the prior month. Markets were expecting the net number of people employed to advance 21.00 K.
Part time employment in Canada rose in February
In Canada, part time employment advanced by 54.70 K in February. Part time employment had recorded a loss of 137.00 K in the previous month.
Number of full time employment in Canada declined in February
In Canada, the number of full time employment eased by 39.30 K in February, compared to an increase of 49.00 K in the previous month.
Canadian participation rate remained steady in February
In February, the participation rate in Canada remained steady at 65.50%.
Japanese business survey index (BSI) of large manufacturing industries climbed in 1Q 2018
In Japan, business survey index (BSI) of large manufacturing industries advanced 2.90% in 1Q 2018 on a QoQ basis. In the prior quarter, business survey index (BSI) of large manufacturing industries had registered a rise of 9.70%.
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