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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector net cash requirement posted a surplus in January
In the UK, public finances (public sector net cash requirement) has posted a surplus of £24.90 billion in January, as compared to a revised deficit of £8.50 billion in the prior month.
UK public sector net borrowing reported a surplus in January
The public sector net borrowing has reported a surplus of £11.80 billion in January, in the UK, from a revised deficit of £7.50 billion in the previous month. Markets were expecting public sector net borrowing to post a surplus of £13.90 billion.
UK retail sales rose more than expected in January
Retail sales registered a rise of 2.30% on a MoM basis in January, in the UK, more than market expectations for an advance of 0.80%. In the previous month, retail sales had fallen by a revised 1.40%.
UK public sector net borrowing reported a surplus in January
The public sector net borrowing (excluding temporary effects of financial interventions) in the UK has reported a surplus £11.20 billion in January, as compared to a revised deficit of £8.10 billion in the previous month. Market anticipation was for public sector net borrowing to show a surplus of £12.30 billion.
UK retail sales advanced more than expected in January
In January, retail sales recorded a rise of 5.20% on a YoY basis in the UK, compared to a revised advance of 2.30% in the prior month. Markets were expecting retail sales to rise 3.60%.
Euro-zone consumer confidence index dropped in February
The preliminary consumer confidence index eased to -8.80 in the Euro-zone, in February, compared to a level of -6.30 in the prior month. Market expectation was for the consumer confidence index to drop to -6.60.
German PPI dropped more than expected in January
In Germany, the producer price index (PPI) registered a drop of 2.40% on an annual basis in January, more than market expectations for a fall of 2.00%. The PPI had dropped 2.30% in the previous month.
German PPI declined more than expected in January
In January, the PPI recorded a drop of 0.70% on a monthly basis in Germany, more than market expectations for a drop of 0.30%. The PPI had fallen 0.50% in the previous month.
US CPI (ex-food & energy) advanced more than expected in January
On a MoM basis in the US, the consumer price index (CPI) (ex-food & energy) registered a rise of 0.30% in January, higher than market expectations for an advance of 0.20%. The CPI (ex-food & energy) had advanced by a revised 0.20% in the previous month.
US CPI advanced more than expected in January
The CPI registered a rise of 1.40% in the US, on a YoY basis in January, higher than market expectations for a rise of 1.30%. In the previous month, the CPI had advanced 0.70%.
US CPI advanced in January
The non-seasonally adjusted CPI registered a rise to 236.92 in January, in the US, compared to a level of 236.53 in the previous month. Market anticipation was for the CPI to climb to 236.61.
US CPI remained flat in January
The CPI remained steady in the US, on a monthly basis in January, higher than market expectations for a fall of 0.10%. In the previous month, the CPI had dropped 0.10%.
US CPI (ex-food & energy) rose more than expected in January
The CPI (ex-food & energy) climbed 2.20% on a YoY basis in the US in January, higher than market expectations for an advance of 2.10%. In the previous month, the CPI (ex-food & energy) had advanced 2.10%.
US core CPI advanced in January
In January, the seasonally adjusted core CPI registered a rise to 245.23 in the US, compared to a revised level of 244.52 in the previous month. Market anticipation was for the core CPI to advance to a level of 244.81.
Canadian retail sales declined more than expected in December
Retail sales recorded a drop of 2.20% on a MoM basis in December, in Canada, higher than market expectations for a fall of 0.90%. Retail sales had advanced 1.70% in the prior month.
Canadian CPI recorded an unexpected rise in January
In January, on a monthly basis, the CPI in Canada unexpectedly rose 0.20%, compared to a drop of 0.50% in the previous month. Markets were expecting the CPI to record a flat reading.
Canadian core CPI rose more than expected in January
The core CPI registered a rise of 0.30% on a monthly basis in January, in Canada, more than market expectations for an advance of 0.20%. The core CPI had registered a drop of 0.40% in the previous month.
Canadian CPI unexpectedly advanced in January
In Canada, the CPI unexpectedly rose on MoM basis, to a level of 126.80 in January, compared to a reading of 126.50 in the previous month. Markets were anticipating the CPI to ease to 126.30.
Canadian core CPI advanced as expected in January
The seasonally adjusted core CPI in Canada climbed 0.20% in January on a monthly basis, compared to a revised similar rise in the previous month. Market anticipation was for core CPI to climb 0.20%.
Canadian CPI surprisingly climbed in January
The seasonally adjusted CPI unexpectedly advanced 0.20% in Canada on a MoM basis in January, higher than market expectations for a fall of 0.10%. In the previous month, CPI had climbed 0.10%.
Canadian retail sales (ex-autos) declined more than expected in December
On a monthly basis in Canada, retail sales (ex-autos) eased 1.60% in December, compared to a revised advance of 1.00% in the prior month. Market expectation was for retail sales (ex-autos) to fall 0.70%.
Japanese nationwide department store sales declined in January
Nationwide department store sales dropped 1.90% on an annual basis, in January, in Japan. Nationwide department store sales had recorded a rise of 0.10% in the prior month.
Japanese all industry activity index fell more than expected in December
In December, the all industry activity index recorded a drop of 0.90% in Japan on a monthly basis, higher than market expectations for a fall of 0.30%. In the prior month, the all industry activity index had fallen by a revised 1.10%.
Japanese manufacturing PMI dropped in February
The flash manufacturing PMI eased to 50.20 in Japan, in February, compared to market expectations of a drop to 52.00. In the prior month, manufacturing PMI had recorded a reading of 52.30.
Japanese Tokyo department store sales registered a rise in January
Tokyo department store sales in Japan recorded a rise of 0.20% on a YoY basis, in January. Tokyo department store sales had advanced 2.20% in the prior month.
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