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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK balance of firms reporting total order book above normal unexpectedly rose in February
The balance of firms reporting total order book above normal recorded an unexpected rise to 8.00 in February, in the UK, higher than market expectations of a fall to a level of 4.00. In the previous month, the balance of firms reporting total order book above normal had recorded a reading of 5.00.
UK CBI trends selling prices advanced in February
CBI trends selling prices in the UK advanced to 32.00 in February. CBI trends selling prices had recorded a reading of 28.00 in the previous month.
Euro-zone consumer confidence index dropped in February
In February, the flash consumer confidence index dropped to -6.20 in the Euro-zone, higher than market expectations of a drop to -4.80. The consumer confidence index had recorded a reading of -4.70 in the prior month.
German PPI advanced more than expected in January
On a monthly basis, the producer price index (PPI) rose 0.70% in January, in Germany, compared to an advance of 0.40% in the previous month. Market expectation was for the PPI to climb 0.30%.
German PPI advanced more than expected in January
On a YoY basis, in January, the PPI recorded a rise of 2.40% in Germany, more than market expectations for an advance of 2.00%. The PPI had risen 1.00% in the previous month.
Spanish trade deficit widened in December
In December, trade deficit in Spain rose to €2.45 billion, compared to a trade deficit of €1.25 billion in the prior month.
Canadian wholesale sales advanced more than expected in December
In December, on a MoM basis, wholesale sales recorded a rise of 0.70% in Canada, more than market expectations for a rise of 0.40%. In the prior month, wholesale sales had climbed by a revised 0.10%.
Japanese convenience store sales registered a rise in January
Convenience store sales rose 0.10% in Japan on an annual basis, in January. In the previous month, convenience store sales had recorded a rise of 0.50%.
Japanese manufacturing PMI advanced in February
The preliminary manufacturing PMI advanced to 53.50 in February, in Japan. In the prior month, manufacturing PMI had registered a level of 52.70.
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