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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK business barometer dropped in March
In the UK, the business barometer dropped to 32.00% in March. The business barometer had registered a reading of 33.00% in the previous month.
UK consumer confidence unexpectedly rose in March
The consumer confidence advanced unexpectedly to a level of -7.00 in March, in the UK, compared to a level of -10.00 in the prior month. Market expectation was for the consumer confidence to record a flat reading.
UK CBI distributive trade survey’s retail sales balance declined in March
The CBI distributive trade survey’s retail sales balance dropped to 8.00% in the UK, in March, compared to a level of 8.00% in the prior month. Market anticipation was for the CBI distributive trade survey’s retail sales balance to drop to 7.00%.
German consumer confidence index unexpectedly climbed in April
The consumer confidence index advanced unexpectedly to 10.90 in Germany, in April, compared to a level of 10.80 in the prior month. Market expectation was for the consumer confidence index to fall to 10.70.
French consumer confidence remained unchanged in March
Consumer confidence remained steady at a level of 100.00 in France, in March, at par with market expectations.
Italian industrial sales rose in January
The non-seasonally adjusted industrial sales advanced 5.30% on a YoY basis, in January, in Italy. Industrial sales had recorded a revised rise of 7.40% in the previous month.
Italian industrial orders climbed in January
In Italy, the non-seasonally adjusted industrial orders advanced 9.60% on an annual basis, in January. In the previous month, industrial orders had recorded a revised rise of 4.10%.
Italian industrial sales slid in January
The seasonally adjusted industrial sales registered a drop of 2.80% on a monthly basis, in January, in Italy. Industrial sales had advanced 2.50% in the prior month.
Italian industrial orders eased in January
On a monthly basis, the seasonally adjusted industrial orders registered a drop of 4.50% in Italy, in January. In the prior month, industrial orders had climbed by a revised 4.60%.
Spain recorded current account deficit in January
The current account deficit in Spain recorded a level of €0.40 billion in January. Spain had registered a current account surplus of €2.60 billion in the previous month.
Spanish retail sales rose less than expected in February
In Spain, retail sales advanced 1.90% in February, on a YoY basis, lower than market expectations for a rise of 2.00%. In the previous month, retail sales had recorded a rise of 2.20%.
Swiss economic expectations index slid in March
The economic expectations index recorded a drop to 16.70 in March, in Switzerland. The economic expectations index had recorded a level of 25.80 in the prior month.
US advance goods trade deficit rose in February
The US has posted advance goods trade deficit of $75.40 billion in February, from a revised advance goods trade deficit of $75.30 billion in the prior month. Markets were expecting advance goods trade deficit of $74.40 billion.
US annualised GDP advanced more than expected in 4Q 2017
On a QoQ basis in the US, the final annualised gross domestic product (GDP) registered a rise of 2.90% in 4Q 2017, compared to an advance of 3.20% in the previous quarter. Market anticipation was for the annualised GDP to climb 2.70%. The preliminary figures had recorded a rise of 2.50%.
US pending home sales slid in February
On an annual basis, pending home sales fell 4.40% in the US, in February. Pending home sales had dropped by a revised 1.90% in the prior month.
US personal consumption rose more than expected in 4Q 2017
In the US, the final personal consumption climbed 4.00% in 4Q 2017 on a QoQ basis, more than market expectations for a rise of 3.80%. The preliminary figures had indicated a rise of 3.80%. Personal consumption had climbed 2.20% in the prior quarter.
US GDP price index rose as expected in 4Q 2017
On a QoQ basis, the final gross domestic product price index in the US, rose 2.30% in 4Q 2017, at par with market expectations. The preliminary figures had also recorded an advance of 2.30%. In the previous quarter, the GDP price index had climbed 2.10%.
US core personal consumption expenditure rose as expected in 4Q 2017
In 4Q 2017, on a quarterly basis, the final core personal consumption expenditure advanced 1.90% in the US, compared to an advance of 1.30% in the prior quarter. The preliminary figures had also indicated a rise of 1.90%. Market anticipation was for core personal consumption expenditure to advance 1.90%.
US pending home sales advanced more than expected in February
In the US, pending home sales advanced 3.10% on a monthly basis in February, more than market expectations for a rise of 2.00%. In the previous month, pending home sales had dropped by a revised 5.00%.
US mortgage applications rose in the last week
In the week ended 23 March 2018, on a weekly basis, mortgage applications in the US climbed 4.80%. Mortgage applications had dropped 1.10% in the previous week.
Japanese retail trade rose less than expected in February
In Japan, retail trade advanced 0.40% in February on a monthly basis, less than market expectations for a rise of 0.60%. In the previous month, retail trade had fallen 1.80%.
Japanese retail trade advanced less than expected in February
In February, on an annual basis, retail trade recorded a rise of 1.60% in Japan, compared to a similar rise in the previous month. Market expectation was for retail trade to advance 1.70.
Japanese large retailer’s sales rose less than expected in February
On a monthly basis in Japan, large retailer’s sales climbed 0.60% in February, compared to a rise of 0.50% in the prior month. Market anticipation was for large retailer’s sales to climb 0.90%.
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