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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK average earnings excluding bonus rose more than expected in the November-January 2016 period
In the November-January 2016 period, the average earnings excluding bonus registered a rise of 2.20% in the UK on a YoY basis, higher than market expectations for an advance of 2.10%. The average earnings excluding bonus had risen 2.00% in the October-December 2015 period.
UK average earnings including bonus advanced more than expected in the November-January 2016 period
In the November-January 2016 period, on a YoY basis, the average earnings including bonus recorded a rise of 2.10% in the UK, higher than market expectations for an advance of 2.00%. In the October-December 2015 period, the average earnings including bonus had recorded a rise of 1.90%.
UK claimant count rate steadied in February
In the UK, the claimant count rate remained steady at 2.10% in February, lower than market expectations of an advance to a level of 2.20%.
UK ILO unemployment rate remained flat in the November-January 2016 period
The ILO unemployment rate remained flat at 5.10% in the UK, in the November-January 2016 period. Market expectation was for the ILO unemployment rate to remain unchanged.
Employment in the UK registered a rise in the November-January 2016 period
Employment registered a rise of 116.00 K in the UK, in the November-January 2016 period, lower than market anticipations of an advance of 144.00 K. Employment had recorded a gain of 205.00 K in the October-December 2015 period.
Number of unemployment benefits claimants in the UK eased in February
Number of unemployment benefits claimants recorded a drop of 18.00 K in the UK, in February, more than market expectations of a decline of 9.10 K. Number of unemployment benefits claimants had registered a revised decline of 28.40 K in the prior month.
Euro-zone new car registrations in EU 28 countries climbed in February
New car registrations in the EU 28 countries in the Euro-zone advanced 14.30% in February on an annual basis. In the previous month, new car registrations in the EU 28 countries had advanced 6.20%.
Euro-zone construction output climbed in January
The seasonally adjusted construction output advanced 3.60% on a MoM basis in the Euro-zone, in January. In the prior month, construction output had dropped by a revised 0.70%.
Fed cuts back pace of interest rate rises this year
The US Fed maintained its current monetary policy for a second meeting since the rates were increased in December for the first time in almost a decade. However, the Fed lowered the outlook for an interest rate increase to two quarter-point rises this year, citing risks to the US economy from global financial and economic developments. Despite the risks, the central bank currently expects that economic activity would expand at a moderate pace and labour market indicators would continue to strengthen.
US capacity utilisation recorded a drop in February
Capacity utilisation eased to 76.70% in February, in the US, lower than market expectations of a drop to 76.90%. Capacity utilisation had registered a level of 77.10% in the prior month.
US industrial production dropped more than expected in February
In the US, industrial production recorded a drop of 0.50% in February on a monthly basis, more than market expectations for a drop of 0.30%. In the previous month, industrial production had registered a revised rise of 0.80%.
US CPI fell as expected in February
On a MoM basis, the consumer price index (CPI) in the US slid 0.20% in February, at par with market expectations. The CPI had registered a flat reading in the prior month.
US core CPI climbed in February
The seasonally adjusted core CPI in the US climbed to 245.93 in February, compared to a level of 245.23 in the prior month. Markets were anticipating the core CPI to rise to 245.59.
US CPI rose more than expected in February
The CPI rose 1.00% in the US on an annual basis in February, compared to a rise of 1.40% in the previous month. Markets were anticipating the CPI to rise 0.90%.
US CPI (ex-food & energy) rose more than expected in February
In the US, the CPI (ex-food & energy) recorded a rise of 2.30% in February on a YoY basis, compared to a rise of 2.20% in the prior month. Markets were anticipating the CPI (ex-food & energy) to climb 2.20%.
US CPI (ex-food & energy) rose more than expected in February
The CPI (ex-food & energy) advanced 0.30% on a monthly basis in the US, in February, compared to a similar rise in the previous month. Market expectation was for the CPI (ex-food & energy) to advance 0.20%.
US CPI rose surprisingly in February
In February, the non-seasonally adjusted CPI in the US registered an unexpected rise to 237.11, compared to market expectations of a drop to 236.87. In the prior month, the CPI had recorded a reading of 236.92.
US manufacturing production rose more than expected in February
Manufacturing production advanced 0.20% on a monthly basis in February, in the US, higher than market expectations for an advance of 0.10%. Manufacturing production had advanced 0.50% in the previous month.
US mortgage applications registered a drop in the last week
Mortgage applications in the US dropped 3.30% on a weekly basis, in the week ended 11 March 2016. Mortgage applications had registered a rise of 0.20% in the previous week.
US housing starts recorded a rise in February
In February, housing starts in the US advanced 5.20%, on monthly basis, to an annual rate of 1178.00 K, compared to a revised reading of 1120.00 K in the previous month. Market expectation was for housing starts to advance to a level of 1150.00 K.
US building permits fell in February
In February, building permits recorded a drop of 3.10%, on monthly basis, to an annual rate of 1167.00 K in the US, lower than market expectations of 1200.00 K. In the previous month, building permits had registered a revised reading of 1204.00 K.
Foreign investors turned net buyers of Canadian securities in the previous month
Foreign investors turned net buyers of C$13.51 billion worth of Canadian securities in January, from being net sellers of a revised C$1.40 billion worth of Canadian securities in the previous month.
Canadian investors turned net sellers of foreign securities in the previous month
Canadian investors turned net sellers of C$13.82 billion worth of foreign securities in January, as compared to being net buyers of a revised C$17.38 billion worth of foreign securities in the prior month.
Canadian manufacturing shipments rose more than expected in January
In January, manufacturing shipments climbed 2.30% on a monthly basis in Canada, more than market expectations for a rise of 0.50%. Manufacturing shipments had advanced 1.20% in the prior month.
Japanese imports dropped less than expected in February
In February, imports fell 14.20% on an annual basis in Japan, compared to a revised fall of 17.80% in the prior month. Market anticipation was for imports to ease 15.80%.
Japanese adjusted merchandise trade surplus rose in February
In February, adjusted merchandise trade surplus in Japan rose to ¥166.10 billion, from a revised adjusted merchandise trade surplus of ¥73.20 billion in the previous month. Market expectation was for the nation to post an adjusted merchandise trade surplus of ¥235.00 billion.
Japan recorded merchandise (total) trade surplus in February
Merchandise (total) trade surplus in Japan recorded a level of ¥242.80 billion in February, compared to a revised merchandise (total) trade deficit of ¥648.80 billion in the previous month. Markets were anticipating the nation to record a merchandise (total) trade surplus of ¥400.20 billion.
Japanese exports dropped more than expected in February
In February, exports slid 4.00% in Japan on an annual basis, higher than market expectations for a fall of 3.00%. In the previous month, exports had fallen 12.90%.
Foreign investors remained net sellers of Japanese stocks in the previous week
Foreign investors remained net sellers of ¥1583.20 billion worth of Japanese stocks in the week ended 11 March 2016, as compared to being net sellers of ¥138.50 billion worth of Japanese stocks in the previous week.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥121.30 billion worth of foreign stocks in the week ended 11 March 2016, as compared to being net buyers of ¥252.40 billion worth of foreign stocks in the prior week.
Japanese investors remained net buyers of foreign bonds in the previous week
Japanese investors were net buyers of ¥897.30 billion worth of foreign bonds in the week ended 11 March 2016, as compared to being net buyers of a revised ¥1538.00 billion worth of foreign bonds in the previous week.
Foreign investors turned net buyers of Japanese bonds in the previous week
Foreign investors turned net buyers of ¥994.10 billion worth of Japanese bonds in the week ended 11 March 2016, from being net sellers of a revised ¥86.40 billion worth of Japanese bonds in the prior week.
Japanese machine tool orders declined in February
On a YoY basis, the final machine tool orders fell 22.50% in February, in Japan. In the previous month, machine tool orders had recorded a drop of 17.20%. The preliminary figures had indicated a drop of 22.60%.
Chinese actual FDI rose more than expected in February
Actual FDI in China recorded a rise of 1.80% on a YoY basis in February, compared to an advance of 3.20% in the previous month. Market expectation was for actual FDI to rise 1.70%.
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