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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
French industrial production advanced less than expected in February
In February, industrial production climbed 1.20% in France on a monthly basis, compared to a revised drop of 1.80% in the prior month. Markets were expecting industrial production to advance 1.40%.
French manufacturing production surprisingly dropped in February
The manufacturing production unexpectedly fell 0.60% on a monthly basis in France, in February, compared to a revised drop of 1.00% in the prior month. Market expectation was for manufacturing production to advance 0.70%.
Italian industrial production unexpectedly fell in February
The seasonally adjusted industrial production in Italy registered an unexpected drop of 0.50% in February on a MoM basis, compared to a revised drop of 1.80% in the prior month. Market expectation was for industrial production to climb 0.80%.
Italian industrial production advanced less than expected in February
In February, the working day adjusted industrial production climbed 2.50% in Italy on an annual basis, compared to a revised rise of 4.40% in the previous month. Markets were anticipating industrial production to climb 4.70%.
Italian industrial production rose in February
The non-seasonally adjusted industrial production recorded a rise of 2.40% on an annual basis, in February, in Italy. Industrial production had recorded a revised rise of 7.60% in the previous month.
US PPI rose more than expected in March
In March, the producer price index (PPI) rose 0.30% on a MoM basis in the US, higher than market expectations for a rise of 0.10%. In the previous month, the PPI had registered a rise of 0.20%.
US PPI rose more than expected in March
On an annual basis, the PPI registered a rise of 3.00% in the US, in March, compared to an advance of 2.80% in the previous month. Market anticipation was for the PPI to climb 2.90%.
US small business optimism index dropped in March
In March, the small business optimism index in the US dropped to 104.70, lower than market expectations of a drop to a level of 107.00. The small business optimism index had recorded a reading of 107.60 in the previous month.
Canadian building permits fell more than expected in February
On a monthly basis, in Canada, building permits slid 2.60% in February, compared to a revised advance of 5.20% in the prior month. Markets were expecting building permits to drop 1.30%.
Canadian housing starts eased in March
The seasonally adjusted housing starts in Canada registered a drop to 225.20 K in March, compared to a revised level of 231.00 K in the previous month. Markets were expecting housing starts to ease to 216.80 K.
Japanese machinery orders surprisingly climbed in February
In Japan, machinery orders recorded an unexpected rise of 2.40% in February on a YoY basis, more than market expectations for a steady reading. Machinery orders had climbed 2.90% in the previous month.
Japanese domestic corporate goods price index advanced more than expected in March
The domestic corporate goods price index in Japan registered a rise of 2.10% in March on an annual basis, more than market expectations for an advance of 2.00%. The domestic corporate goods price index had recorded a rise of 2.50% in the prior month.
Japanese machine tool orders rose in March
In Japan, the flash machine tool orders registered a rise of 28.10% on a YoY basis, in March. In the previous month, machine tool orders had advanced 39.50%.
Japanese machinery orders surprisingly climbed in February
On a MoM basis, machinery orders unexpectedly advanced 2.10% in Japan, in February, more than market expectations for a drop of 2.50%. In the previous month, machinery orders had recorded a rise of 8.20%.
Chinese CPI rose less than expected in March
On an annual basis, in China, the consumer price index (CPI) registered a rise of 2.10% in March, less than market expectations for a rise of 2.60%. The CPI had risen 2.90% in the prior month.
Chinese PPI advanced less than expected in March
The PPI in China climbed 3.10% in March on an annual basis, lower than market expectations for an advance of 3.30%. In the prior month, the PPI had risen 3.70%.
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