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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone retail PMI dropped in March
The retail PMI dropped to 50.10 in the Euro-zone, in March, compared to a reading of 52.30 in the previous month.
German industrial production unexpectedly declined in February
In February, on a monthly basis, the seasonally adjusted industrial production in Germany unexpectedly fell 1.60%, lower than market expectations for a rise of 0.20%. In the prior month, industrial production had dropped 0.10%.
German industrial production advanced less than expected in February
In February, on an annual basis, the non-seasonally & working day adjusted industrial production in Germany climbed 2.60%, compared to an advance of 5.50% in the previous month. Markets were anticipating industrial production to climb 4.40%.
French current account deficit remained steady in February
France has posted current account deficit of €2.00 billion in February, from a revised current account deficit of €2.00 billion in the prior month.
French trade deficit dropped in February
In February, trade deficit in France dropped to €5.19 billion, compared to a revised trade deficit of €5.42 billion in the previous month. Market anticipation was for the nation to post a trade deficit of €5.31 billion.
French budget deficit expanded in February
Budget deficit in France expanded to €28.50 billion in February. France had registered a budget deficit of €10.80 billion in the previous month.
Spanish unadjusted industrial output rose in February
On a YoY basis, the unadjusted industrial output in Spain advanced 3.10% in February. In the previous month, the unadjusted industrial output had climbed by a revised 3.40%.
Swiss foreign currency reserves advanced in March
The foreign currency reserves registered a rise to CHF737.80 billion in March, in Switzerland, higher than market expectations of a rise to a level of CHF735.80 billion. Foreign currency reserves had registered a reading of CHF 732.80 billion in the prior month.
US labour force participation rate fell in March
The labour force participation rate fell to a level of 62.90 % in the US, in March. The labour force participation rate had registered a level of 63.00 % in the prior month.
US average hourly earnings of all employees advanced as expected in March
In March, average hourly earnings of all employees advanced 2.70% on an annual basis in the US, compared to a rise of 2.60% in the prior month.
Markets were expecting average hourly earnings of all employees to rise 2.70%.
Manufacturing payrolls in the US advanced in March
Manufacturing payrolls advanced by 22.00 K in the US, in March, meeting market expectations 22.00 K. Manufacturing payrolls had registered a revised increase of 32.00 K in the prior month.
US average hourly earnings of all employees rose as expected in March
In the US, average hourly earnings of all employees rose 0.30% on a MoM basis in March, in line with market expectations. Average hourly earnings of all employees had risen 0.10% in the previous month.
Private payrolls in the US rose in March
The private payrolls advanced by 102.00K in the US, in March, lower than market expectations of an advance of 190.00K. Private payrolls had recorded a revised increase of 320.00K in the previous month.
Non-farm payrolls in the US climbed in March
Non-farm payrolls climbed by 102.00K in the US, in March, lower than market anticipations of an advance of 185.00K. Non-farm payrolls had registered a revised gain of 3.00K in the previous month.
US unemployment rate remained steady in March
Unemployment rate in the US remained steady at a level of 4.10% in March. Market expectation was for unemployment rate to ease to 4.00%.
Canadian Ivey PMI climbed in March
The non-seasonally adjusted Ivey PMI climbed to 64.70 in March, in Canada, compared to a reading of 58.40 in the prior month
Canadian unemployment rate remained unchanged in March
In March, the unemployment rate in Canada remained flat at a level of 5.80%, in line with market expectations.
Part time employment in Canada declined in March
Part time employment eased by 35.90 K in Canada, in March. Part time employment had registered a gain of 54.70 K in the previous month.
Number of full time employment in Canada rose in March
In Canada, the number of full time employment rose by 68.30 K in March, following a loss of 39.30 K in the previous month.
Canadian Ivey PMI rose in March
The seasonally adjusted Ivey PMI in Canada climbed to 59.80 in March, compared to a level of 59.60 in the previous month
Canadian participation rate remained steady in March
In March, the participation rate remained flat at a level of 65.50% in Canada.
Japanese current account surplus rose in February
Japan has registered the non-seasonally adjusted current account surplus of ¥2076.00 billion in February, compared to a current account surplus of ¥607.40 billion in the previous month. Market anticipation was for the nation to record a current account surplus of ¥2196.00 billion.
Japanese adjusted (total) current account surplus dropped in February
The adjusted (total) current account surplus in Japan narrowed to ¥1024.10 billion in February, from a adjusted (total) current account surplus of ¥2022.60 billion in the prior month. Market expectation was for the nation’s adjusted (total) current account surplus to narrow to ¥1390.20 billion.
Japanese leading economic index unexpectedly advanced in February
The preliminary leading economic index advanced unexpectedly to 105.80 in February, compared to a level of 105.60 in the previous month in Japan.
Markets were expecting the leading economic index to fall to a level of 105.50.
Japanese coincident index rose in February
In February, the preliminary coincident index in Japan rose to a level of 115.60, compared to a level of 114.90 in the previous month. Market anticipation was for the coincident index to climb to a level of 116.10.
Japan posted (BOP basis) trade surplus in February
In February, (BOP basis) trade surplus in Japan recorded a reading of ¥188.70 billion, compared to a (BOP basis) trade deficit of ¥666.60 billion in the prior month. Market expectation was for the nation’s (BOP basis) trade surplus to stand at ¥249.70 billion.
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