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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction PMI dropped in March
The construction PMI recorded a drop to 47.00 in March, in the UK, compared to market expectations of a fall to a level of 51.00. In the prior month, the construction PMI had recorded a reading of 51.40.
Euro-zone unemployment rate declined in February
In February, the unemployment rate in the Euro-zone dropped to 8.50%, at par with market expectations. The unemployment rate had recorded a reading of 8.60% in the previous month.
Eurozone CPI advanced as expected in March
The preliminary consumer price index (CPI) advanced 1.40% on an annual basis in the Euro-zone in March, at par with market expectations. In the previous month, the CPI had recorded a rise of 1.10%.
Euro-zone core CPI rose less than expected in March
In March, the preliminary core CPI registered a rise of 1.00% on a YoY basis in the Euro-zone, compared to a similar rise in the prior month. Market anticipation was for the CPI to climb 1.10%.
Italian unemployment rate declined in February
The unemployment rate fell to a level of 10.90% in Italy compared to a level of 11.10% in the previous month, in February. Markets were expecting unemployment rate to drop to a level of 11.00%.
Italian deficit to GDP (YTD) eased in 4Q 2017
In 4Q 2017, deficit to gross domestic product (GDP) (YTD) registered a drop to 2.30% in Italy, compared to a revised level of 2.60% in the prior quarter.
US non-manufacturing PMI fell in March
In the US, the non-manufacturing PMI registered a drop to 58.80 in March, compared to market expectations of a drop to 59.00. The non-manufacturing PMI had recorded a reading of 59.50 in the prior month.
US durable goods orders (ex transportation) rose in February
The final durable goods orders (ex transportation) in the US advanced 1.00% on a monthly basis, in February. Durable goods orders (ex transportation) had registered a revised drop of 0.20% in the prior month. The preliminary figures had indicated a rise of 1.20%.
US Markit composite PMI declined in March
The final Markit composite PMI eased to 54.20 in March, in the US. Markit composite PMI had registered a reading of 55.80 in the prior month. The preliminary figures had recorded a fall to 54.30.
US durable goods orders rose in February
The final durable goods orders rose 3.00% on a MoM basis in the US, in February. Durable goods orders had dropped by a revised 3.50% in the previous month. The preliminary figures had recorded a rise of 3.10%.
Private sector employment in the US rose in March
The private sector employment climbed by 241.00K in the US, in March, compared to market expectations of an advance of 210.00K. The private sector employment had recorded a revised gain of 246.00K in the prior month.
US non-defence capital goods orders (ex aircraft) rose in February
In February, on a monthly basis, the final non-defence capital goods orders (ex aircraft) in the US recorded a rise of 1.40%. The non-defence capital goods orders (ex aircraft) had dropped by a revised 0.40% in the prior month. The preliminary figures had indicated a rise of 1.80%.
US Markit services PMI declined in March
The final Markit services PMI fell to a level of 54.00 in the US, in March compared to a level of 55.90 in the prior month. The preliminary figures had recorded a fall to 54.10. Market anticipation was for Markit services PMI to drop to 54.20.
US factory orders advanced less than expected in February
The factory orders in the US recorded a rise of 1.20% in February on a monthly basis, less than market expectations for an advance of 1.70%. In the prior month, factory orders had fallen by a revised 1.30%.
US mortgage applications declined in the last week
On a weekly basis, mortgage applications in the US dropped 3.30% in the week ended 30 March 2018. In the previous week, mortgage applications had climbed 4.80%.
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