The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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US pending home sales advanced more than expected in February
On a MoM basis, pending home sales rose 3.50% in the US, in February, more than market expectations for an advance of 1.20%. In the previous month, pending home sales had recorded a revised drop of 3.00%.
US personal spending advanced as expected in February
In February, personal spending recorded a rise of 0.10% in the US on a monthly basis, compared to a revised similar rise in the previous month. Market anticipation was for personal spending to advance 0.10%.
US pending home sales recorded an unexpected rise in February
In February, pending home sales unexpectedly rose 5.10% on an annual basis in the US, higher than market expectations for a fall of 0.40%. Pending home sales had fallen by a revised 1.50% in the prior month.
US personal income advanced more than expected in February
Personal income in the US climbed 0.20% in February on a monthly basis, higher than market expectations for a rise of 0.10%. Personal income had climbed 0.50% in the prior month.
US Dallas Fed manufacturing business index climbed in March
The Dallas Fed manufacturing business index climbed to -13.60 in March, in the US, higher than market expectations of an advance to -25.80. In the prior month, the Dallas Fed manufacturing business index had recorded a level of -31.80.
US core personal consumption expenditure advanced less than expected in February
In the US, core personal consumption expenditure advanced 1.70% on an annual basis in February, compared to a similar rise in the prior month. Markets were anticipating core personal consumption expenditure to advance 1.80%.
US core personal consumption expenditure rose less than expected in February
In February, core personal consumption expenditure climbed 0.10% on a monthly basis in the US, lower than market expectations for an advance of 0.20%. In the prior month, core personal consumption expenditure had registered a rise of 0.30%.
US personal consumption expenditure deflator advanced as expected in February
In February, on a YoY basis, personal consumption expenditure deflator in the US recorded a rise of 1.00%, compared to a rise of 1.30% in the previous month. Market anticipation was for personal consumption expenditure deflator to climb 1.00%.
US personal consumption expenditure deflator dropped as expected in February
On a MoM basis, personal consumption expenditure deflator recorded a drop of 0.10% in February, in the US, compared to an advance of 0.10% in the prior month. Markets were anticipating personal consumption expenditure deflator to ease 0.10%.
Japanese unemployment rate rose surprisingly in February
Unemployment rate in Japan climbed unexpectedly to 3.30% in February, compared to a reading of 3.20% in the previous month. Market anticipation was for unemployment rate to record a flat reading.
Japanese retail trade dropped more than expected in February
Retail trade eased 2.30% on a monthly basis in February, in Japan, higher than market expectations for a fall of 0.90%. In the prior month, retail trade had recorded a revised drop of 0.40%.
Japanese retail trade rose less than expected in February
On a YoY basis, retail trade registered a rise of 0.50% in February, in Japan, lower than market expectations for a rise of 1.60%. Retail trade had recorded a revised drop of 0.20% in the prior month.
Japanese household spending registered an unexpected rise in February
In February, household spending in Japan registered an unexpected rise of 1.20% on a YoY basis, compared to a fall of 3.10% in the previous month. Market anticipation was for household spending to ease 1.90%.
Japanese large retailer’s sales advanced more than expected in February
In February, large retailer’s sales in Japan climbed 2.20% on a monthly basis, compared to a revised rise of 0.90% in the prior month. Market expectation was for large retailer’s sales to rise 1.60%.
Japanese job to applicant ratio remained steady in February
in February, job to applicant ratio remained unchanged at a level of 1.28 in Japan. Market anticipation was for job to applicant ratio to rise to a level of 1.29.
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