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Guardian Stockbrokers Key Economic News Wednesday 23 Mar 2016

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK output PPI climbed unexpectedly in February

The non-seasonally adjusted output producer price index (PPI) in the UK recorded an unexpected rise of 0.10% in February on a monthly basis, more than market expectations for an unchanged reading. Output PPI had fallen 0.10% in the previous month.

UK PPI core output rose more than expected in February

The non-seasonally adjusted PPI core output rose 0.20% on a YoY basis in the UK, in February, higher than market expectations for a rise of 0.10%. In the previous month, PPI core output had recorded an unchanged reading.

UK PPI core output advanced more than expected in February

On a monthly basis in the UK, the non-seasonally adjusted PPI core output climbed 0.20% in February, compared to a rise of 0.10% in the prior month. Market expectation was for PPI core output to rise 0.10%.

UK output PPI dropped less than expected in February

On a YoY basis, the non-seasonally adjusted output PPI dropped 1.10% in February, in the UK, lower than market expectations for a drop of 1.20%. Output PPI had dropped 1.00% in the prior month.

UK input PPI advanced less than expected in February

In February, on a MoM basis, the non-seasonally adjusted input PPI in the UK advanced 0.10%, lower than market expectations for an advance of 0.50%. In the previous month, input PPI had fallen by a revised 1.10%.

UK input PPI fell more than expected in February

On an annual basis, in the UK, the non-seasonally adjusted input PPI eased 8.10% in February, more than market expectations for a drop of 7.40%. Input PPI had recorded a revised drop of 8.00% in the previous month.

UK CPI rose less than expected in February

On a MoM basis, the consumer price index (CPI) climbed 0.20% in the UK, in February, less than market expectations for an advance of 0.40%. The CPI had registered a drop of 0.80% in the previous month.

UK core CPI rose as expected in February

The core CPI climbed 1.20% on a YoY basis in February, in the UK, compared to a similar rise in the prior month. Market anticipation was for the core CPI to advance 1.20%.

UK CPI rose less than expected in February

On an annual basis, the CPI climbed 0.30% in the UK, in February, less than market expectations for an advance of 0.40%. In the previous month, the CPI had registered a similar rise.

UK retail price index recorded a rise in February

The retail price index registered a rise of 0.50%, on MoM basis, to a level of 260.00 in February, in the UK, compared to a reading of 258.80 in the prior month. Markets were expecting the retail price index to rise to a level of 260.20.

UK retail price index ex-mort int. payments rose as expected in February

The retail price index ex-mort int. payments advanced 1.40% in the UK on an annual basis in February, compared to a similar rise in the previous month. Market expectation was for the retail price index ex-mort int. payments to rise 1.40%.

UK retail price index advanced as expected in February

In February, on an annual basis, the retail price index in the UK climbed 1.30%, in line with market expectations. The retail price index had registered a similar rise in the prior month.

UK house price index recorded a rise in January

In the UK, the house price index advanced 7.90% in January on a YoY basis. The house price index had registered a rise of 6.70% in the prior month.

UK public sector net borrowing recorded a deficit in February

In the UK, in February, the public sector net borrowing (excluding temporary effects of financial interventions) has reported a deficit £7.10 billion, following a revised surplus of £13.80 billion in the prior month. Markets were anticipating public sector net borrowing to post a deficit of £5.90 billion.

UK public sector net cash requirement reported a deficit in February

In the UK, public finances (public sector net cash requirement) has posted a deficit £0.10 billion in February, as compared to a surplus of £24.90 billion in the previous month.

UK public sector net borrowing posted a deficit in February

In the UK, in February, the public sector net borrowing has reported a deficit £6.50 billion, following a revised surplus of £14.40 billion in the prior month. Market anticipation was for public sector net borrowing to announce a deficit of £5.10 billion.

Euro-zone economic sentiment index fell in March

In the Euro-zone, the economic sentiment index recorded a drop to 10.60 in March, compared to a level of 13.60 in the previous month.

Euro-zone services PMI rose surprisingly in March

The flash services PMI in the Euro-zone rose unexpectedly to 54.00 in March, compared to market expectations of an unchanged reading. In the previous month, services PMI had recorded a level of 53.30.

Euro-zone composite PMI registered an unexpected rise in March

The preliminary composite PMI in the Euro-zone climbed unexpectedly to a level of 53.70 in March, compared to market expectations of a steady reading. Composite PMI had registered a level of 53.00 in the previous month.

Euro-zone manufacturing PMI climbed in March

In March, the preliminary manufacturing PMI recorded a rise to 51.40 in the Euro-zone, in line with market expectations. The manufacturing PMI had recorded a reading of 51.20 in the previous month.

German Ifo current assessment index surprisingly climbed in March

The Ifo current assessment index in Germany advanced unexpectedly to a level of 113.80 in March, compared to a level of 112.90 in the previous month. Market anticipation was for the Ifo current assessment index to drop to a level of 112.70.

German economic sentiment index rose in March

In Germany, the economic sentiment index recorded a rise to 4.30 in March, compared to market expectations of an advance to 5.40. The economic sentiment index had recorded a level of 1.00 in the prior month.

German services PMI rose unexpectedly in March

The preliminary services PMI climbed unexpectedly to a level of 55.50 in March, in Germany, higher than market expectations of a drop to 55.00. Services PMI had recorded a level of 55.30 in the previous month.

German manufacturing PMI dropped unexpectedly in March

The preliminary manufacturing PMI recorded an unexpected drop to a level of 50.40 in March, in Germany, lower than market expectations of a rise to a level of 50.80. In the previous month, manufacturing PMI had recorded a reading of 50.50.

German Ifo business expectations index rose in March

In Germany, the Ifo business expectations index advanced to 100.00 in March, compared to market expectations of an advance to a level of 99.50. The Ifo business expectations index had registered a revised reading of 98.90 in the prior month.

German Ifo business climate index recorded a rise in March

In Germany, the Ifo business climate index climbed to 106.70 in March, higher than market expectations of an advance to a level of 106.00. In the prior month, the Ifo business climate index had recorded a reading of 105.70.

German current situation index recorded a surprise drop in March

The current situation index fell unexpectedly to 50.70 in Germany, in March, compared to market expectations of an advance to 53.00. The current situation index had registered a reading of 52.30 in the previous month.

French services PMI climbed in March

In March, the flash services PMI recorded a rise to 51.20 in France, compared to market expectations of an advance to 49.50. Services PMI had registered a level of 49.20 in the prior month.

French manufacturing PMI dropped unexpectedly in March

The preliminary manufacturing PMI in France recorded an unexpected drop to 49.60 in March, compared to a reading of 50.20 in the previous month. Markets were expecting manufacturing PMI to record a flat reading.

Swiss trade surplus expanded in February

Trade surplus in Switzerland widened to CHF 4.07 billion in February, from a revised trade surplus of CHF 3.51 billion in the previous month.

Swiss exports registered a rise in February

Exports advanced 2.80% on a MoM basis, in February, in Switzerland. In the prior month, exports had recorded a revised drop of 0.60%.

Swiss imports slid in February

On a MoM basis, imports dropped 2.00% in Switzerland, in February. In the prior month, imports had advanced by a revised 2.70%.

US Markit manufacturing PMI advanced in March

The flash Markit manufacturing PMI climbed to 51.40 in March, in the US, compared to a level of 51.30 in the previous month. Markets were anticipating the Markit manufacturing PMI to climb to a level of 51.90.

US Redbook index climbed in the last week

The Redbook index climbed 0.80% on an annual basis in the US, in the week ended 18 March 2016. In the previous week, the Redbook index had advanced 0.60%.

US housing price index advanced as expected in January

In January, the housing price index advanced 0.50% in the US on a monthly basis, meeting market expectations. In the prior month, the housing price index had registered a revised similar rise.

US Richmond Fed manufacturing index registered a rise in March

In the US, the Richmond Fed manufacturing index climbed to 22.00 in March, compared to a level of -4.00 in the previous month. Markets were anticipating the Richmond Fed manufacturing index to rise to a level of 0.00.

US Redbook index recorded a rise in the last week

The seasonally adjusted Redbook index rose 2.90% on a monthly basis, in the week ended 18 March 2016, in the US. In the previous week, the Redbook index had climbed 2.80%.

Japanese convenience store sales rose in February

On a YoY basis, convenience store sales in Japan registered a rise of 1.60% in February. Convenience store sales had advanced 1.00% in the prior month.

Japanese supermarket sales rose in February

Supermarket sales recorded a rise of 3.40% in Japan on an annual basis, in February. In the previous month, supermarket sales had risen 2.30%.

Japanese all industry activity index rose more than expected in January

On a MoM basis, the all industry activity index in Japan recorded a rise of 2.00% in January, higher than market expectations for an advance of 1.90%. The all industry activity index had dropped 0.90% in the previous month.

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