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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BBA mortgage approvals eased in February
BBA mortgage approvals eased to 38.12K in the UK, in February, lower than market expectations of a fall to a level of 39.00K. BBA mortgage approvals had recorded a revised reading of 40.03K in the prior month.
French GDP rose more than expected in 4Q 2017
On a QoQ basis, in France, the final gross domestic product (GDP) recorded a rise of 0.70% in 4Q 2017, more than market expectations for a rise of 0.60%. The preliminary figures had indicated an advance of 0.60%. GDP had recorded a revised rise of 0.50% in the previous quarter.
French GDP rose as expected in 4Q 2017
The final GDP climbed 2.50% on a YoY basis in 4Q 2017, in France, compared to an advance of 2.30% in the previous quarter. Market expectation was for GDP to rise 2.50%. The preliminary figures had also indicated an advance of 2.50%.
US Dallas Fed manufacturing business index dropped in March
In March, the Dallas Fed manufacturing business index in the US recorded a drop to 21.40, compared to a reading of 37.20 in the prior month. Markets were anticipating the Dallas Fed manufacturing business index to ease to a level of 33.50.
US Chicago Fed national activity index rose in February
In February, the Chicago Fed national activity index registered a rise to 0.88 in the US, compared to market expectations of an advance to a level of 0.15. In the prior month, the Chicago Fed national activity index had recorded a revised reading of 0.02.
Japanese corporate service price index rose less than expected in February
The corporate service price index registered a rise of 0.60% on a YoY basis in February, in Japan, compared to a rise of 0.70% in the previous month. Market anticipation was for the corporate service price index to rise 0.70%.
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