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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices rose more than expected in March
In March, the non-seasonally adjusted house prices rose 5.70% in the UK, on an annual basis, more than market expectations for a rise of 5.10%. House prices had recorded a rise of 4.80% in the prior month.
UK house prices rose more than expected in March
In March, the seasonally adjusted house prices rose 0.80% on a monthly basis in the UK, compared to a revised rise of 0.40% in the prior month. Market anticipation was for house prices to advance 0.40%.
UK manufacturing PMI advanced in March
The manufacturing PMI recorded a rise to 51.00 in March, in the UK, lower than market expectations of a rise to a level of 51.20. The manufacturing PMI had registered a reading of 50.80 in the previous month.
Euro-zone manufacturing PMI advanced in March
Compared to a reading of 51.20 in the previous month, the final manufacturing PMI in the Euro-zone rose to a level of 51.60 in March. The preliminary figures had recorded a rise to 51.40. Market anticipation was for the manufacturing PMI to advance to a level of 51.40.
German manufacturing PMI climbed unexpectedly in March
In March, the final manufacturing PMI climbed unexpectedly to 50.70 in Germany, compared to market expectations of a fall to a level of 50.40. The preliminary figures had indicated a drop to 50.40. In the prior month, manufacturing PMI had recorded a level of 50.50.
French manufacturing PMI slid in March
In March, the final manufacturing PMI eased to 49.60 in France, compared to a level of 50.20 in the previous month. Markets were expecting manufacturing PMI to drop to 49.60. The preliminary figures had also recorded a fall to 49.60.
Italian manufacturing PMI advanced in March
In March, the manufacturing PMI in Italy climbed to 53.50, compared to a level of 52.20 in the previous month. Market anticipation was for the manufacturing PMI to climb to a level of 52.50.
Italian unemployment rate climbed surprisingly in February
In February, unemployment rate climbed unexpectedly to a level of 11.70% in Italy, compared to a revised reading of 11.60% in the prior month. Market expectation was for unemployment rate to drop to 11.50%.
Spanish manufacturing PMI fell in March
The manufacturing PMI fell to a level of 53.40 in March, in Spain, compared to a level of 54.10 in the prior month. Markets were expecting the manufacturing PMI to ease to 54.00.
Swiss real retail sales dropped in February
Real retail sales fell 0.20% on a YoY basis, in February, in Switzerland. Real retail sales had registered a revised drop of 0.10% in the prior month.
Swiss SVME manufacturing PMI unexpectedly climbed in March
In March, the SVME manufacturing PMI in Switzerland registered an unexpected rise to 53.20, compared to a reading of 51.60 in the previous month. Markets were anticipating the SVME manufacturing PMI to ease to a level of 51.10.
US unemployment rate rose surprisingly in March
Unemployment rate climbed unexpectedly to 5.00% in the US, in March, higher than market expectations of an unchanged reading. Unemployment rate had recorded a reading of 4.90% in the previous month.
US average hourly earnings of all employees rose more than expected in March
Average hourly earnings of all employees registered a rise of 0.30% in the US on a MoM basis in March, compared to a fall of 0.10% in the previous month. Market expectation was for average hourly earnings of all employees to climb 0.20%.
US ISM inventories advanced in March
ISM inventories in the US rose to a level of 47.00 in March, compared to a reading of 45.00 in the previous month.
US ISM production climbed in March
Compared to a level of 52.80 in the previous month ISM production advanced to 55.30 in the US, in March.
US average weekly hours of all employees remained steady in March
Average weekly hours of all employees remained flat at a level of 34.40 in March, in the US, compared to market expectations of a rise to 34.50.
US Markit manufacturing PMI recorded a rise in March
In March, the final Markit manufacturing PMI registered a rise to 51.50 in the US, meeting market expectations. In the prior month, the Markit manufacturing PMI had recorded a reading of 51.30. The preliminary figures had indicated an advance to 51.40.
Non-farm payrolls in the US climbed in March
In the US, non-farm payrolls registered a rise of 215.00 K in March, compared to a revised increase of 245.00 K in the prior month. Markets were expecting non-farm payrolls to advance 205.00 K.
US average hourly earnings of all employees advanced more than expected in March
On an annual basis, in March, average hourly earnings of all employees registered a rise of 2.30% in the US, compared to a revised similar rise in the previous month. Market expectation was for average hourly earnings of all employees to climb 2.20%.
US Reuters/Michigan consumer sentiment index eased in March
The final Reuters/Michigan consumer sentiment index in the US registered a drop to 91.00 in March, compared to a reading of 91.70 in the previous month. Market expectation was for the Reuters/Michigan consumer sentiment index to drop to 90.50. The preliminary figures had recorded a fall to 90.00.
US ISM manufacturing activity index advanced in March
In March, the ISM manufacturing activity index in the US advanced to 51.80, compared to market expectations of a rise to 51.00. The ISM manufacturing activity index had registered a level of 49.50 in the previous month.
Manufacturing payrolls in the US recorded a surprise drop in March
In the US, manufacturing payrolls fell unexpectedly by 29.00 K in March, less than market anticipations of an advance of 2.00 K. Manufacturing payrolls had recorded a revised fall of 18.00 K in the previous month.
US construction spending surprisingly eased in February
In February, construction spending registered an unexpected drop of 0.50% in the US on a MoM basis, less than market expectations for an advance of 0.10%. Construction spending had registered a revised rise of 2.10% in the previous month.
US ISM new orders advanced in March
ISM new orders climbed to 58.30 in March, in the US, compared to a level of 51.50 in the previous month.
Private payrolls in the US registered a rise in March
Private payrolls climbed by 195.00 K in the US, in March, compared to market anticipations of an advance of 190.00 K. Private payrolls had recorded a revised gain of 236.00 K in the prior month.
US ISM prices paid index advanced in March
In March, the ISM prices paid index recorded a rise to 51.50 in the US, compared to market expectations of a rise to a level of 44.00. In the previous month, the ISM prices paid index had recorded a level of 38.50.
US underemployment rate advanced in March
In March, underemployment rate rose to a level of 9.80% in the US, compared to a reading of 9.70% in the prior month.
Household employment in the US recorded an increase in March
Household employment in the US advanced by 246.00 K in March, compared to market anticipations of an advance of 180.00 K. Household employment had recorded an increase of 530.00 K in the prior month.
US ISM backlog orders registered a rise in March
Compared to a level of 48.50 in the prior month ISM backlog orders rose to a level of 51.00 in the US, in March.
Japanese vehicle sales eased in March
In Japan, vehicle sales eased 3.20% in March on an annual basis. In the previous month, vehicle sales had registered a drop of 4.60%.
Japanese monetary base advanced in March
The monetary base in Japan registered a rise of 28.50% in March on a YoY basis. The monetary base had climbed 29.00% in the prior month.
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