The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BBA mortgage approvals surprisingly rose in January
In January, BBA mortgage approvals unexpectedly climbed to a level of 44.66 K in the UK, higher than market expectations of a drop to a level of 42.60 K. BBA mortgage approvals had registered a revised reading of 43.58 K in the prior month.
French consumer confidence steadied in February
Consumer confidence in France remained unchanged at 100.00 in February, meeting market expectations.
Italian consumer confidence index recorded a surprise drop in February
The consumer confidence index in Italy unexpectedly dropped to a level of 106.60 in February, lower than market expectations of a rise to 108.80. In the previous month, the consumer confidence index had recorded a revised reading of 108.60.
Italian industrial orders dropped more than expected in December
In December, the non-seasonally adjusted industrial orders fell 0.90% in Italy on an annual basis, compared to a rise of 0.10% in the previous month. Markets were expecting industrial orders to drop 0.80%.
Italian business confidence index advanced surprisingly in February
In February, the business confidence index rose unexpectedly to 106.30 in Italy, compared to market expectations of a fall to a level of 104.60. In the previous month, the business confidence index had recorded a revised reading of 105.00.
Italian industrial sales rose in December
On a YoY basis, the non-seasonally adjusted industrial sales recorded a rise of 9.40% in December, in Italy. Industrial sales had registered a rise of 3.90% in the prior month.
Italian industrial sales climbed in December
The seasonally adjusted industrial sales in Italy recorded a rise of 2.60% in December on a monthly basis. In the previous month, industrial sales had climbed 2.40%.
Italian industrial orders rose in December
In December, on a MoM basis, the seasonally adjusted industrial orders climbed 2.80% in Italy. In the previous month, industrial orders had climbed by a revised 1.70%.
Spanish PPI rose in January
The producer price index (PPI) climbed 7.50% in Spain on a YoY basis, in January. The PPI had recorded a revised rise of 2.90% in the prior month.
Spanish PPI advances in January
National Institute of Statistics has indicated that the PPI recorded a rise of 1.90% in Spain on a MoM basis, in January. The PPI had registered a revised rise of 1.60% in the previous month.
US Reuters/Michigan consumer sentiment index declined in February
The final Reuters/Michigan consumer sentiment index fell to a level of 96.30 in February, in the US, compared to a reading of 98.50 in the prior month. Markets were expecting the Reuters/Michigan consumer sentiment index to ease to a level of 96.00. The preliminary figures had recorded a fall to 95.70.
US new home sales climbed in January
New home sales climbed 3.70%, on monthly basis, to a level of 555.00 K in the US, in January, lower than market expectations of 571.00 K. In the prior month, new home sales had registered a revised level of 535.00 K.
Canadian CPI advanced more than expected in January
On a MoM basis, in Canada, the consumer price index (CPI) registered a rise of 0.90% in January, more than market expectations for a rise of 0.40%. The CPI had dropped 0.20% in the previous month.
Canadian CPI rose in January
The CPI in Canada climbed, on MoM basis, to a level of 129.50 in January. The CPI had registered a reading of 128.40 in the prior month.
Canadian core CPI advanced in January
On a YoY basis, the core CPI recorded a rise of 1.70% in Canada, in January. In the prior month, the core CPI had advanced 1.60%.
Canadian core CPI recorded a rise in January
In Canada, the core CPI rose 0.50% in January on a MoM basis. The core CPI had fallen 0.30% in the prior month.
Canadian CPI climbed in January
In January, on a MoM basis, the seasonally adjusted CPI registered a rise of 0.70% in Canada. In the previous month, CPI had registered a rise of 0.30%.
Canadian CPI advanced more than expected in January
The CPI in Canada climbed 2.10% in January on a YoY basis, compared with an advance of 1.50% in the previous month. Market anticipation was for the CPI to climb 1.60%.
Canadian core CPI rose in January
The seasonally adjusted core CPI climbed 0.40% on a monthly basis, in January, in Canada. In the previous month, core CPI had risen 0.20%.
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