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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone manufacturing PMI slid surprisingly in April
Compared to a reading of 51.60 in the prior month the preliminary manufacturing PMI registered an unexpected drop to 51.50 in the Euro-zone, in April. Markets were expecting the manufacturing PMI to rise to a level of 51.90.
Euro-zone composite PMI declined surprisingly in April
In April, the preliminary composite PMI in the Euro-zone registered an unexpected drop to 53.00, compared to market expectations of a rise to 53.30. Composite PMI had recorded a reading of 53.10 in the prior month.
Euro-zone services PMI climbed in April
In April, the flash services PMI in the Euro-zone climbed to 53.20, compared to a level of 53.10 in the prior month. Markets were anticipating services PMI to climb to 53.30.
German services PMI recorded an unexpected drop in April
In Germany, the flash services PMI fell unexpectedly to 54.60 in April, compared to a level of 55.10 in the previous month. Market anticipation was for services PMI to remain unchanged.
German manufacturing PMI recorded a rise in April
The flash manufacturing PMI climbed to 51.90 in April, in Germany, compared to a reading of 50.70 in the prior month. Markets were expecting manufacturing PMI to advance to 51.00.
French services PMI climbed in April
The flash services PMI in France rose to a level of 50.80 in April, compared to a reading of 49.90 in the prior month. Market expectation was for services PMI to advance to a level of 50.10.
French manufacturing PMI registered a surprise drop in April
Compared to a level of 49.60 in the previous month the flash manufacturing PMI eased unexpectedly to 48.30 in France, in April. Markets were expecting manufacturing PMI to rise to a level of 49.90.
Italian retail sales climbed in February
The non-seasonally adjusted retail sales in Italy rose 2.70% in February on an annual basis. Retail sales had dropped 0.80% in the prior month.
Italian retail sales climbed in February
The seasonally adjusted retail sales climbed 0.30% on a monthly basis in Italy, in February. In the previous month, retail sales had recorded a flat reading.
Italian industrial orders recorded a rise in February
The seasonally adjusted industrial orders in Italy registered a rise of 0.70% on a monthly basis, in February. In the prior month, industrial orders had risen by a revised 0.60%.
Italian industrial orders advanced in February
The non-seasonally adjusted industrial orders registered a rise of 3.80% on a YoY basis, in February, in Italy. Industrial orders had advanced 0.10% in the previous month.
Italian industrial sales declined in February
In February, on an annual basis, the non-seasonally adjusted industrial sales fell 0.20% in Italy. Industrial sales had dropped 0.30% in the prior month.
Italian industrial sales recorded a rise in February
On a MoM basis, the seasonally adjusted industrial sales advanced 0.10% in Italy, in February. In the previous month, industrial sales had advanced by a revised 0.90%.
US Markit manufacturing PMI declined unexpectedly in April
The preliminary Markit manufacturing PMI recorded an unexpected drop to a level of 50.80 in April, in the US, compared to a reading of 51.50 in the previous month. Market expectation was for the Markit manufacturing PMI to climb to a level of 52.00.
Canadian CPI rose as expected in March
On a MoM basis, the seasonally adjusted consumer price index (CPI) climbed 0.20% in Canada, in March, meeting market expectations. CPI had fallen 0.20% in the previous month.
Canadian CPI advanced more than expected in March
In March, on a monthly basis, the CPI in Canada advanced 0.60%, higher than market expectations for an advance of 0.50%. In the prior month, the CPI had recorded a rise of 0.20%.
Canadian core CPI advanced more than expected in March
In Canada, the seasonally adjusted core CPI climbed 0.30% on a monthly basis in March, compared to a revised rise of 0.20% in the prior month. Market expectation was for core CPI to advance 0.20%.
Canadian retail sales unexpectedly climbed in February
In February, on a monthly basis, retail sales in Canada unexpectedly advanced 0.40%, higher than market expectations for a drop of 0.80%. Retail sales had advanced by a revised 2.00% in the prior month.
Canadian retail sales (ex-autos) registered an unexpected rise in February
On a MoM basis in Canada, retail sales (ex-autos) unexpectedly climbed 0.20% in February, more than market expectations for a drop of 0.70%. In the prior month, retail sales (ex-autos) had climbed by a revised 1.30%.
Canadian CPI climbed in March
The CPI in Canada rose, on monthly basis, to a level of 127.90 in March, at par with market expectations 127.90. The CPI had recorded a level of 127.10 in the prior month.
Canadian core CPI rose more than expected in March
In Canada, the core CPI rose 0.70% in March on a MoM basis, compared to an advance of 0.50% in the previous month. Market anticipation was for the core CPI to rise 0.40%.
Japanese corporate service price index advanced as expected in March
On an annual basis, the corporate service price index in Japan advanced 0.20% in March, at par with market expectations. The corporate service price index had registered a similar rise in the prior month.
Japanese tertiary industry index declined less than expected in February
On a monthly basis in Japan, the tertiary industry index registered a drop of 0.10% in February, compared to a revised advance of 0.70% in the previous month. Markets were anticipating the tertiary industry index to fall 0.50%.
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