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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail price index advanced more than forecast in March
The retail price index advanced 1.60% on a YoY basis in the UK, in March, compared to a rise of 1.30% in the previous month. Markets were expecting the retail price index to advance 1.40%.
UK retail price index ex-mort int. payments rose more than expected in March
The retail price index ex-mort int. payments rose 1.60% on a YoY basis in March, in the UK, more than market expectations for an advance of 1.50%. In the prior month, the retail price index ex-mort int. payments had risen 1.40%.
UK CPI advanced more than anticipated in March
In March, the consumer price index (CPI) in the UK recorded a rise of 0.40% on a MoM basis, more than market expectations for a rise of 0.30%. The CPI had climbed 0.20% in the prior month.
UK CPI advanced more than forecast in March
The CPI advanced 0.50% on a YoY basis in March, in the UK, compared to a rise of 0.30% in the previous month. Markets were expecting the CPI to rise 0.40%.
UK core CPI rose more than expected in March
On an annual basis, the core CPI climbed 1.50% in the UK, in March, more than market expectations for a rise of 1.30%. The core CPI had registered a rise of 1.20% in the previous month.
UK house price index registered a rise in February
In the UK, the house price index rose 7.60% in February on an annual basis. The house price index had recorded a rise of 7.90% in the previous month.
UK PPI core output rose as expected in March
On a monthly basis, the non-seasonally adjusted PPI core output in the UK rose 0.10% in March, in line with market expectations. PPI core output had registered a revised similar rise in the previous month.
UK PPI core output rose less than forecast in March
In the UK, the non-seasonally adjusted PPI core output advanced 0.20% on a YoY basis in March, lower than market expectations for a rise of 0.30%. PPI core output had risen by a revised 0.10% in the prior month.
UK input PPI declined more than anticipated in March
The non-seasonally adjusted input producer price index recorded a drop of 6.50% on a YoY basis in the UK, in March, more than market expectations for a drop of 6.20%. In the previous month, input producer price index had dropped by a revised 8.20%.
UK input PPI rose less than expected in March
In March, the non-seasonally adjusted input producer price index rose 2.00% in the UK on a MoM basis, less than market expectations for an advance of 2.30%. In the prior month, input producer price index had risen 0.10%.
UK retail price index registered a rise in March
In March, the retail price index recorded a rise of 0.40%, on monthly basis, to a level of 261.10 in the UK, compared to a level of 260.00 in the prior month. Markets were anticipating the retail price index to climb to 260.80.
UK output PPI dropped less than forecast in March
On a YoY basis, the non-seasonally adjusted output producer price index dropped 0.90% in the UK, in March, lower than market expectations for a fall of 1.00%. Output producer price index had recorded a drop of 1.10% in the prior month.
UK output PPI advanced more than expected in March
The non-seasonally adjusted output producer price index in the UK registered a rise of 0.30% in March on a monthly basis, higher than market expectations for an advance of 0.20%. Output producer price index had registered a rise of 0.10% in the prior month.
German CPI advanced in line in March
In March, the final CPI recorded a rise of 0.30% in Germany on an annual basis, meeting market expectations. The preliminary figures had also indicated a rise of 0.30%. In the previous month, the CPI had recorded a flat reading.
German CPI rose at par with preliminary expectations in March
In Germany, the final CPI recorded a rise of 0.80% in March on a MoM basis, at par with market expectations. The preliminary figures had also recorded an advance of 0.80%. The CPI had advanced 0.40% in the prior month.
German HICP advanced as expected in March
The final harmonised consumer price index (HICP) in Germany registered a rise of 0.10% on a YoY basis in March, at par with market expectations. The preliminary figures had also recorded a rise of 0.10%. The HICP had registered a drop of 0.20% in the previous month.
German HICP rose as per expectations in March
In Germany, the final HICP recorded a rise of 0.80% on a MoM basis in March, meeting market expectations. The HICP had advanced 0.40% in the prior month. The preliminary figures had also recorded a rise of 0.80%.
German wholesale price index eased in March
In March, on an annual basis, the wholesale price index recorded a drop of 2.60% in Germany. The wholesale price index had registered a drop of 1.90% in the prior month.
German wholesale price index registered a rise in March
In Germany, the wholesale price index advanced 0.30% on a monthly basis, in March. The wholesale price index had recorded a drop of 0.50% in the prior month.
Fed’s Lacker backs four interest rate hikes in 2016
The Richmond Fed President, Jeffrey Lacker, in a speech at Wilmington, North Carolina, played down the risk posed to the US from financial market turmoil and weaker growth abroad. He further stated that a recent firming in US inflation and expectations for robust economic growth this year make a “persuasive case” for the Fed interest rate rise and that the central bank should stick with its earlier plan to raise interest rates four times this year.
Fed’s Williams says US economy is doing well
The San Francisco Fed President, John Williams, reiterated that the US economy is doing “quite well,” despite weak growth abroad and rooted for an interest rate hike two or three times this year.
Fed’s Harker wants to delay another interest rate hike until inflation picks up
The Philadelphia Fed president, Patrick Harker, stated that it makes sense to delay another interest rate increase until inflation picks up. He stated that while he viewed the US economy as fundamentally healthy, persistently low inflation risks undermining the credibility of the central bank’s 2.0% goal. He said conditions might start to improve in the second half of the year which can allow the Fed to raise interest rates at a faster pace.
US budget deficit dropped in March
The US has registered budget deficit of $108.00 billion in March, following a budget deficit of $192.61 billion in the previous month. Markets were anticipating the nation to register a budget deficit of $104.00 billion.
US small business optimism index fell surprisingly in March
The small business optimism index registered an unexpected drop to a level of 92.60 in the US, in March, lower than market expectations of a rise to a level of 93.50. The small business optimism index had recorded a reading of 92.90 in the prior month.
US import price index dropped more than expected in March
In March, the import price index recorded a drop of 6.20% on a YoY basis in the US, higher than market expectations for a drop of 4.80%. In the prior month, the import price index had fallen by a revised 6.50%.
US import price index rose less than expected in March
On a monthly basis, in the US, the import price index climbed 0.20% in March, less than market expectations for a rise of 1.00%. The import price index had dropped by a revised 0.40% in the prior month.
US Redbook index climbed in the last week
In the week ended 08 April 2016, on a YoY basis, the Redbook index advanced 1.10% in the US. In the prior week, the Redbook index had recorded a rise of 0.60%.
US Redbook index registered a drop in the last week
On a MoM basis, the seasonally adjusted Redbook index in the US dropped 2.80% in the week ended 08 April 2016. In the prior week, the Redbook index had risen 3.10%.
Japanese M3 money supply advanced more than expected in March
On a YoY basis, M3 money supply recorded a rise of 2.60% in March, in Japan, compared to a revised similar rise in the previous month. Market anticipation was for M3 money supply to climb 2.50%.
Japanese machine tool orders dropped in March
The flash machine tool orders slid 21.20% in Japan on a YoY basis, in March. In the previous month, machine tool orders had dropped 22.50%.
Japanese domestic corporate goods price index recorded an unexpected drop in March
The domestic corporate goods price index in Japan unexpectedly fell 0.10% in March on a MoM basis, compared to a revised fall of 0.30% in the previous month. Market anticipation was for the domestic corporate goods price index to record a flat reading.
Japanese domestic corporate goods price index dropped more than anticipated in March
On an annual basis, the domestic corporate goods price index registered a drop of 3.80% in Japan, in March, compared to a fall of 3.40% in the prior month. Market expectation was for the domestic corporate goods price index to drop 3.50%.
Japanese money supply M2+CD rose more than projected in March
Money supply M2+CD advanced 3.20% on a YoY basis in March, in Japan, compared to a revised similar rise in the prior month. Markets were expecting money supply M2+CD to climb 3.10%.
Chinese trade surplus fell in March
Trade surplus in China dropped to $29.86 billion in March, compared to a trade surplus of $32.59 billion in the prior month. Markets were expecting the nation to record a trade surplus of $34.95 billion.
Chinese imports fell less than expected in March
Imports registered a drop of 7.60% on an annual basis in March, in China, lower than market expectations for a drop of 10.10%. In the previous month, imports had dropped 13.80%.
Chinese exports rose more than forecast in March
On a YoY basis, exports climbed 11.50% in March, in China, more than market expectations for a rise of 10.00%. In the previous month, exports had fallen 25.40%.
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