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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK total business investment unexpectedly eased in 4Q 2015
On a quarterly basis, the flash total business investment unexpectedly dropped 2.10% in 4Q 2015, in the UK, compared to a revised rise of 1.20% in the prior quarter. Markets were expecting total business investment to advance 0.90%.
UK consumer confidence eased in February
The consumer confidence eased to 0.00 in the UK, in February, lower than market expectations of a drop to a level of 3.00. The consumer confidence had registered a reading of 4.00 in the previous month.
UK total business investment rose less than expected in 4Q 2015
On a YoY basis, the preliminary total business investment climbed 2.40% in the UK, in 4Q 2015, less than market expectations for a rise of 6.40%. Total business investment had advanced by a revised 4.50% in the previous quarter.
UK private consumption advanced less than expected in 4Q 2015
On a QoQ basis, in 4Q 2015, the flash private consumption advanced 0.70% in the UK, compared to a revised advance of 0.80% in the previous quarter. Market anticipation was for private consumption to climb 0.80%.
UK imports rose less than expected in 4Q 2015
The flash imports rose 1.20% in the UK on a quarterly basis in 4Q 2015, compared to a rise of 2.70% in the previous quarter. Markets were anticipating imports to rise 1.30%.
UK GDP rose as expected in 4Q 2015
The second estimate of gross domestic product (GDP) climbed 0.50% on a quarterly basis in 4Q 2015, in the UK, compared to a rise of 0.40% in the previous quarter. The preliminary figures had also indicated an advance of 0.50%. Market anticipation was for GDP to advance 0.50%.
UK GDP rose as expected in 4Q 2015
In 4Q 2015, the second estimate of GDP in the UK registered a rise of 1.90% on a YoY basis, meeting market expectations. The preliminary figures had also recorded a rise of 1.90%. GDP had registered a rise of 2.10% in the prior quarter.
UK government spending advanced more than expected in 4Q 2015
In 4Q 2015 on a QoQ basis, the preliminary government spending in the UK rose 0.50%, more than market expectations for a rise of 0.20%. In the prior quarter, government spending had climbed 0.60%.
UK index of services advanced less than expected in December
The index of services in the UK registered a rise of 0.20% on a monthly basis in December, compared to a revised advance of 0.30% in the prior month. Market expectation was for the index of services to climb 0.30%.
UK gross fixed capital formation unexpectedly eased in 4Q 2015
On a quarterly basis, the preliminary gross fixed capital formation in the UK recorded an unexpected drop of 0.10% in 4Q 2015, lower than market expectations for a rise of 1.00%. In the previous quarter, gross fixed capital formation had registered a revised similar fall.
UK exports unexpectedly eased in 4Q 2015
On a QoQ basis in the UK, the preliminary exports unexpectedly dropped 0.10% in 4Q 2015, less than market expectations for a rise of 0.40%. Exports had registered a revised drop of 0.50% in the prior quarter.
UK index of services advanced as expected in December
In December on a MoM basis, the index of services in the UK registered a rise of 0.70%, at par with market expectations. In the September-November 2015 period, the index of services had advanced 0.60%.
Euro-zone M3 money supply advanced more than expected in January
In January, M3 money supply in the Euro-zone rose 5.00% on a YoY basis, more than market expectations for an advance of 4.70%. M3 money supply had recorded a rise of 4.70% in the prior month.
Euro-zone CPI dropped as expected in January
The consumer price index (CPI) registered a drop of 1.40% on a monthly basis in January, in the Euro-zone, compared to a flat reading in the previous month. Markets were anticipating CPI to ease 1.40%.
German HICP advanced as expected in January
On a YoY basis in Germany, the final harmonised consumer price index (HICP) rose 0.40% in January, compared to an advance of 0.20% in the previous month. The preliminary figures had also indicated an advance of 0.40%. Markets were anticipating the HICP to advance 0.40%.
German HICP fell as expected in January
The final HICP recorded a drop of 1.00% in Germany on a monthly basis in January, in line with market expectations. The preliminary figures had recorded a drop of 0.90%. In the prior month, the HICP had registered a flat reading.
German consumer confidence index recorded an unexpected rise in March
In Germany, the consumer confidence index advanced unexpectedly to a level of 9.50 in March, compared to market expectations of a fall to 9.30. The consumer confidence index had recorded a reading of 9.40 in the previous month.
Italian business confidence index recorded a decline in February
The business confidence index dropped to 102.00 in Italy, in February, lower than market expectations of a fall to a level of 102.70. In the prior month, the business confidence index had recorded a revised level of 103.00.
Italy recorded trade deficit in January
Trade deficit in Italy recorded a reading of €0.49 billion in January. Italy had registered a revised trade surplus of €5.92 billion in the previous month.
Italian retail sales unexpectedly dropped in December
In December on a monthly basis, the seasonally adjusted retail sales in Italy unexpectedly dropped 0.10%, less than market expectations for an advance of 0.10%. In the prior month, retail sales had recorded a revised rise of 0.20%.
Italian consumer confidence index recorded a drop in February
In February, the consumer confidence index eased to 114.50 in Italy, compared to market expectations of a fall to a level of 118.00. In the prior month, the consumer confidence index had recorded a revised reading of 118.60.
Italian retail sales advanced in December
The non-seasonally adjusted retail sales in Italy recorded a rise of 0.60% on a YoY basis, in December. In the prior month, retail sales had registered a revised drop of 0.20%.
Spanish GDP rose as expected in 4Q 2015
The final gross domestic product (GDP) rose 0.80% on a QoQ basis in 4Q 2015, in Spain, in line with market expectations. In the previous quarter, GDP had registered a similar rise. The preliminary figures had also indicated a rise of 0.80%.
Spanish PPI eased in January
In January, on a YoY basis, the producer price index (PPI) in Spain slid 4.20%. In the previous month, the producer price index had recorded a drop of 2.20%.
Spanish GDP advanced as expected in 4Q 2015
The final GDP recorded a rise of 3.50% in Spain on a YoY basis in 4Q 2015, compared to a rise of 3.40% in the prior quarter. Markets were expecting GDP to rise 3.50%. The preliminary figures had also recorded a rise of 3.50%.
Spanish PPI dropped in January
In January, on a monthly basis, the PPI fell 2.50% in Spain. The PPI had recorded a drop of 0.70% in the previous month.
Swiss EU HICP declined more than expected in January
In January, the EU harmonised consumer price index in Switzerland eased 0.70% on a MoM basis, compared to a fall of 0.20% in the previous month. Market anticipation was for the EU HICP to drop 0.50%.
Swiss industrial production slid in 4Q 2015
Industrial production in Switzerland dropped 4.50% in 4Q 2015 on a YoY basis. Industrial production had fallen by a revised 2.70% in the prior quarter.
Swiss EU HICP fell more than expected in January
In January, the EU harmonised consumer price index eased 1.50% in Switzerland on a YoY basis, compared to a fall of 1.40% in the prior month. Markets were anticipating the EU HICP to drop 1.30%.
US housing price index advanced less than expected in December
In the US, the housing price index registered a rise of 0.40% in December on a MoM basis, less than market expectations for a rise of 0.50%. In the previous month, the housing price index had risen by a revised 0.60%.
US durable goods orders advanced more than expected in January
In the US, the preliminary durable goods orders recorded a rise of 4.90% on a monthly basis in January, more than market expectations for an advance of 2.90%. Durable goods orders had fallen 5.00% in the prior month.
US Kansas City Fed manufacturing activity index fell unexpectedly in February
The Kansas City Fed manufacturing activity index dropped unexpectedly to -12.00 in February, in the US, compared to a reading of -9.00 in the previous month. Market expectation was for the Kansas City Fed manufacturing activity index to advance to a level of -6.00.
US non-defense capital goods orders (ex aircraft) rose more than expected in January
On a MoM basis, the preliminary non-defense capital goods orders (ex aircraft) in the US climbed 3.90% in January, more than market expectations for a rise of 1.00%. The non-defense capital goods orders (ex aircraft) had dropped 4.30% in the previous month.
US continuing jobless claims recorded a drop in the last week
In the week ended 13 February 2016, the seasonally adjusted continuing jobless claims registered a drop to 2253.00 K in the US, meeting market expectations. In the previous week, continuing jobless claims had recorded a revised reading of 2272.00 K.
US non-defense capital goods shipments (ex aircraft) fell less than expected in January
In January, the flash non-defense capital goods shipments (ex aircraft) dropped 0.40% in the US on a MoM basis, lower than market expectations for a drop of 0.50%. In the previous month, the non-defense capital goods shipments (ex aircraft) had risen 0.20%.
US durable goods orders (ex transportation) rose more than expected in January
The flash durable goods orders (ex transportation) advanced 1.80% in the US on a monthly basis in January, compared to a drop of 1.00% in the previous month. Market anticipation was for durable goods orders (ex transportation) to climb 0.30%.
US initial jobless claims advanced in the last week
The seasonally adjusted initial jobless claims registered a rise to 272.00 K in the US, in the week ended 20 February 2016, compared to a reading of 262.00 K in the prior week. Market anticipation was for initial jobless claims to rise to 270.00 K.
US house price purchase index registered a rise in 4Q 2015
In 4Q 2015, on a quarterly basis, the house price purchase index advanced 1.40% in the US. The house price purchase index had registered a rise of 1.30% in the prior quarter.
Japanese national CPI remained unchanged in January
On an annual basis, the national consumer price index (CPI) in Japan remained unchanged in January, compared to a rise of 0.20% in the previous month. Markets were anticipating the national CPI to record a flat reading.
Japanese Tokyo CPI excluding fresh food fell less than expected in February
On an annual basis in February, Tokyo CPI excluding fresh food dropped 0.10% in Japan, lower than market expectations for a drop of 0.20%. Tokyo CPI excluding fresh food had registered a similar fall in the prior month.
Japanese national CPI ex-food, energy advanced as expected in January
In January, national CPI ex-food, energy registered a rise of 0.70% on an annual basis in Japan, at par with market expectations. National CPI ex-food, energy had climbed 0.80% in the prior month.
Japanese Tokyo CPI excluding food and energy rose more than expected in February
In February, Tokyo CPI excluding food and energy advanced 0.50% on a YoY basis in Japan, more than market expectations for a rise of 0.40%. In the prior month, Tokyo CPI excluding food and energy had risen 0.40%.
Japanese Tokyo CPI surprisingly rose in February
Tokyo CPI unexpectedly rose 0.10% in Japan on an annual basis in February, compared to a drop of 0.30% in the prior month. Market anticipation was for Tokyo CPI to drop 0.30%.
Japanese national CPI ex-fresh food remained flat in January
In January, national CPI ex-fresh food remained unchanged on an annual basis in Japan, compared to an advance of 0.10% in the prior month. Markets were anticipating National CPI ex-fresh food to record a flat reading.
Chinese house price index recorded a rise in January
On an annual basis, the house price index registered a rise of 2.50% in January, in China. In the previous month, the house price index had registered a rise of 1.60%.
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