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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone construction output climbed in February
In the Euro-zone, the seasonally adjusted construction output rose 6.90% in February on a monthly basis. Construction output had registered a revised drop of 2.40% in the previous month.
Euro-zone consumer confidence index rose in April
In April, the flash consumer confidence index in the Euro-zone recorded a rise to -3.60, compared to market expectations of an advance to -4.80. The consumer confidence index had recorded a level of -5.00 in the previous month.
German PPI advanced less than expected in March
In March, on an annual basis, the producer price index (PPI) recorded a rise of 3.10% in Germany, lower than market expectations for a rise of 3.20%. In the previous month, the PPI had registered a similar rise.
German PPI remained steady in March
In March, on a MoM basis, the PPI in Germany remained unchanged, lower than market expectations for an advance of 0.20%. In the prior month, the PPI had risen 0.20%.
US leading indicator rose more than expected in March
Leading indicator rose 0.40% in the US on a MoM basis in March, compared to an advance of 0.60% in the prior month. Market anticipation was for leading indicator to advance 0.20%.
US initial jobless claims climbed in the last week
In the week ended 15 April 2017, the seasonally adjusted initial jobless claims advanced to 244.00 K in the US, compared to a reading of 234.00 K in the previous week. Market anticipation was for initial jobless claims to advance to a level of 240.00 K.
US Philadelphia Fed manufacturing index declined in April
Philadelphia Fed manufacturing index registered a drop to 22.00 in April, in the US, compared to a level of 32.80 in the prior month. Market expectation was for Philadelphia Fed manufacturing index to drop to a level of 25.50.
US continuing jobless claims slid in the last week
In the week ended 08 April 2017, the seasonally adjusted continuing jobless claims recorded a drop to 1979.00 K in the US, compared to a level of 2028.00 K in the prior week. Market anticipation was for continuing jobless claims to ease to a level of 2024.00 K.
Japanese Tokyo department store sales fell in March
In Japan, Tokyo department store sales dropped 0.20% on a YoY basis, in March. In the previous month, Tokyo department store sales had fallen 3.10%.
Japanese manufacturing PMI rose in April
In Japan, the flash manufacturing PMI advanced to 52.80 in April, compared to a level of 52.40 in the prior month.
Japanese nationwide department store sales dropped in March
Nationwide department store sales registered a drop of 0.90% on an annual basis, in March, in Japan. In the prior month, nationwide department store sales had registered a drop of 1.70%.
Japanese convenience store sales remained flat in March
On an annual basis, convenience store sales remained unchanged in March, in Japan. In the previous month, convenience store sales had recorded a drop of 1.70%.
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