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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CBI distributive trade survey’s retail sales balance rose in February
The CBI distributive trade survey’s retail sales balance climbed to 9.00% in the UK, in February, compared to market expectations of a rise to 4.00%. In the previous month, the CBI distributive trade survey’s retail sales balance had registered a level of 8.00%.
German GDP advanced as expected in 4Q 2016
In 4Q 2016, on an annual basis, the working day adjusted final gross domestic product (GDP) registered a rise of 1.70% in Germany, meeting market expectations. The preliminary figures had also indicated a rise of 1.70%. GDP had registered a similar rise in the previous quarter.
German exports rose more than expected in 4Q 2016
On a quarterly basis, in 4Q 2016, exports advanced 1.80% in Germany, more than market expectations for an advance of 1.40%. Exports had registered a revised drop of 0.30% in the previous quarter.
German private consumption advanced as expected in 4Q 2016
Federal Statistical Office of Germany has indicated that, in 4Q 2016, on a quarterly basis, private consumption advanced 0.30% in Germany, in line with market expectations. Private consumption had registered a rise of 0.20% in the prior quarter.
German government spending rose as expected in 4Q 2016
On a QoQ basis, government spending in Germany registered a rise of 0.80% in 4Q 2016, at par with market expectations. Government spending had risen by a revised 0.20% in the prior quarter.
German construction investment rose more than expected in 4Q 2016
In 4Q 2016, on a QoQ basis, construction investment in Germany registered a rise of 1.60%, higher than market expectations for an advance of 1.50%. Construction investment had registered a revised drop of 0.30% in the previous quarter.
German capital investment rose as expected in 4Q 2016
In 4Q 2016, capital investment recorded a rise of 0.80% in Germany on a quarterly basis, meeting market expectations. In the prior quarter, capital investment had dropped by a revised 0.20%.
German consumer confidence index dropped in March
The consumer confidence index eased to 10.00 in March, in Germany, lower than market expectations of a drop to 10.10. In the prior month, the consumer confidence index had registered a level of 10.20.
German GDP advanced as expected in 4Q 2016
On a QoQ basis, the seasonally adjusted final GDP recorded a rise of 0.40% in 4Q 2016, in Germany, in line with market expectations. In the prior quarter, GDP had risen by a revised 0.10%. The preliminary figures had also indicated an advance of 0.40%.
German GDP rose as expected in 4Q 2016
In 4Q 2016, on a YoY basis, the non-seasonally adjusted final GDP rose 1.20% in Germany, in line with market expectations. In the previous quarter, GDP had climbed 1.50%. The preliminary figures had also recorded an advance of 1.20%.
German domestic demand advanced more than expected in 4Q 2016
In 4Q 2016, on a QoQ basis, domestic demand recorded a rise of 0.90% in Germany, more than market expectations for a rise of 0.60%. Domestic demand had registered a rise of 0.50% in the prior quarter.
German imports advanced more than expected in 4Q 2016
On a QoQ basis, in Germany, imports rose 3.10% in 4Q 2016, more than market expectations for an advance of 1.80%. In the previous quarter, imports had registered a revised rise of 0.40%.
French production outlook indicator declined in February
The production outlook indicator registered a drop to 5.00 in France, in February. The production outlook indicator had recorded a revised reading of 7.00 in the prior month.
French own-company production outlook rose in February
In France, own-company production outlook advanced to 20.00 in February, compared to a revised level of 13.00 in the previous month.
French industrial business climate index steadied in February
In France, the industrial business climate index remained unchanged at 104.00 in February, in line with market expectations.
Italian retail sales unexpectedly slid in December
The seasonally adjusted retail sales in Italy unexpectedly eased 0.50% on a monthly basis in December, less than market expectations for an advance of 0.20%. In the previous month, retail sales had fallen 0.70%.
Italian retail sales unexpectedly slid in December
In December, on a YoY basis, the non-seasonally adjusted retail sales unexpectedly fell 0.20% in Italy, compared to a rise of 0.80% in the previous month. Market expectation was for retail sales to climb 0.90%.
Swiss industrial production declined in 4Q 2016
On a YoY basis, industrial production in Switzerland slid 1.20% in 4Q 2016. Industrial production had advanced by a revised 0.20% in the previous quarter.
US housing price index advanced less than expected in December
The housing price index rose 0.40% in the US on a monthly basis in December, less than market expectations for a rise of 0.50%. In the previous month, the housing price index had risen by a revised 0.70%.
US Chicago Fed national activity index dropped in January
The Chicago Fed national activity index in the US dropped to -0.05 in January, lower than market expectations of a drop to 0.00. The Chicago Fed national activity index had recorded a revised level of 0.18 in the prior month.
US continuing jobless claims recorded a drop in the last week
Compared to a revised level of 2077.00 K in the previous week the seasonally adjusted continuing jobless claims in the US eased to 2060.00 K in the week ended 11 February 2017.
US initial jobless claims climbed in the last week
In the week ended 18 February 2017, the seasonally adjusted initial jobless claims registered a rise to 244.00 K in the US, higher than market expectations of a rise to 240.00 K. Initial jobless claims had registered a revised level of 238.00 K in the prior week.
US house price purchase index climbed in 4Q 2016
On a QoQ basis, the house price purchase index in the US advanced 1.50% in 4Q 2016. In the previous quarter, the house price purchase index had registered a similar rise.
US Kansas City Fed manufacturing activity index climbed surprisingly in February
In February, the Kansas City Fed manufacturing activity index registered an unexpected rise to 14.00 in the US, compared to market expectations of an unchanged reading. In the prior month, the Kansas City Fed manufacturing activity index had recorded a level of 9.00.
Japanese coincident index recorded a drop in December
In December, the final coincident index eased to 114.80 in Japan. In the prior month, the coincident index had registered a level of 115.00. The preliminary figures had indicated an advance to 115.20.
Japanese leading economic index climbed in December
The final leading economic index rose to a level of 104.80 in December, in Japan. The leading economic index had recorded a reading of 102.80 in the previous month. The preliminary figures had indicated a rise to 105.20.
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