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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
US Markit manufacturing PMI advanced in March
The final Markit manufacturing PMI in the US registered a rise to 55.60 in March, compared to a level of 55.30 in the prior month. Markets were expecting the Markit manufacturing PMI to climb to a level of 55.70. The preliminary figures had recorded an advance to 55.70.
US ISM inventories declined in March
ISM inventories recorded a drop to 55.50 in March, in the US. In the prior month, ISM inventories had recorded a level of 56.70.
US ISM prices paid index surprisingly rose in March
In the US, the ISM prices paid index climbed unexpectedly to a level of 78.10 in March, compared to a level of 74.20 in the previous month. Market expectation was for the ISM prices paid index to ease to 72.50.
US ISM manufacturing activity index dropped in March
The ISM manufacturing activity index recorded a drop to 59.30 in the US, in March, lower than market expectations of a drop to a level of 59.70. In the previous month, the ISM manufacturing activity index had registered a level of 60.80.
US ISM production dropped in March
ISM production eased to 61.00 in March, in the US. ISM production had registered a level of 62.00 in the prior month.
US ISM new orders fell in March
In March, ISM new orders in the US eased to 61.90. In the previous month, ISM new orders had registered a reading of 64.20.
US construction spending advanced less than expected in February
Construction spending climbed 0.10% in the US on a MoM basis in February, compared to an unchanged reading in the previous month. Market anticipation was for construction spending to advance 0.40%.
Canadian manufacturing PMI rose in March
The manufacturing PMI climbed to 55.70 in March, in Canada, compared to a level of 55.60 in the prior month.
Japanese vehicle sales eased in March
Vehicle sales recorded a drop of 4.90% on a YoY basis in Japan, in March. In the previous month, vehicle sales had registered a similar fall.
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