In U.S. economic news, durable orders for February increased 1.7% after seeing an upwardly-revised 2.3% gain in the prior month. Elsewhere, France’s GDP grew 0.4% sequentially in the fourth quarter after seeing an increase of 0.2% in the third quarter. Finally, Singapore’s industrial production advanced 12.6% on year in February, well above January’s 2.2% increase.
In U.S. economic news, initial claims for the week ending March 11 came in at 241K, lower than last week’s 243K and expectations of 242K. Elsewhere, construction output in the Eurozone fell a seasonally adjusted 2.3% on month in January, decreasing beyond the downwardly-revised 0.6% contraction in the prior month. Finally, China’s industrial production climbed 6.3% in January, topping the prior-month’s 6.0% increase and the 6.2% rise that economists were forecasting.
In U.S. economic news, the second estimate for Q4 GDP showed an increase of 1.9%, matching the prior estimate, yet below consensus expectations of a 2.1% jump. Additionally the second estimate for Q4 GDP Deflator marked a 2.0% increase, below consensus expectations and the prior estimate of 2.1%. Elsewhere, retail sales in the Eurozone fell by 0.1% on quarter in January, better than the 0.5% decrease realized in December, while economists’ expected an increase of 0.3%. Finally, Japan’s seasonally adjusted consumer sentiment index fell to 43.1 in February from January’s 40-month high of 43.2 and missed economists’ expectations of an increase to 43.5.
In U.S. economic news, Michigan Sentiment for February read 96.3, above both the prior reading of 95.7 and estimates of 95.8. Existing home sales for January came in at 5.69M, above the prior-period’s upwardly-revised 5.51M and beating estimates of 5.57M. Elsewhere, mortgage approvals in the U.K. grew to a one-year high in January settling at 44,657, moving forward from the 43,581 reported in December. Singapore’s industrial production grew 2.2% year-over-year in January, missing economists’ expectations of a 9.5% jump, and well below December’s 22.2% spike.
In U.S. economic news, January’s PPI grew 0.6%, besting forecasts of a 0.3% increase, while core PPI increased 0.4%, surpassing consensus estimates of 0.2%. Elsewhere, retail sales for January gained 0.4%, topping estimates of 0.1%, while retail sales ex-auto rose 0.8% in January, above estimates of 0.4%. Additinoally, retail sales in the U.K. reported a drop of 0.3% for the month of January, above the 2.1% decline seen in December, yet below consensus estimates of a 1.0% gain. Finally, Singapore’s GDP jumped a seasonally-adjusted 12.3% in the fourth quarter, reversing course from the 0.4% drop seen in the third quarter, and surpassing previous estimates of a 9.1% expansion.
In U.S. economic news, December’s trade balance showed a deficit of $44.3B, above forecasts of a $45.0B deficit and the prior month’s downwardly-revised $45.7B deficit. Elsewhere, the U.K. total trade deficit for December decreased to GBP 3.304 billion from November’s GBP 3.559 billion deficit. Finally, Japan’s overall bank lending increased 2.5% on year in January to 511.095 trillion yen, slightly lower than December’s 2.6% gain.
In U.S. economic news, January’s ISM index read 56.0, topping estimates of 55.0, while the ISM Services Index read 56.5, missing consensus estimates of 57.0. Elsewhere, the Eurozone composite purchasing managers’ index was reported as 53.4 in January, not changing from the prior-month, yet above consensus estimates of 54.3. Finally, Japan’s consumer sentiment index grew to 43.2 in January from 43.1 in December, representing the highest reading since the 45.4 posted in September 2013.
In U.S. economic news, the advance estimate for Q4 GDP showed a rise of 1.9%, below both the prior-quarter’s gain of 3.5% and economists’ expectations of a 2.2% increase. Elsewhere, Germany’s import prices dropped 3.1% on average in 2016 compared to a 2.6% contraction in 2015. Finally, Singapore’s unemployment rate expanded 2.2% in Q4 from 2.1% in Q3.
In U.S. economic news, outstanding consumer credit grew by $24.6B in November, surpassing forecasts of $18.0B. In EMEA news, wholesale prices increased 2.8% year-over-year in December following a gain of 0.8% in November. In APAC news, China’s exports dropped 6.1% annually in December, steeper than the 3.8% contraction economists expected.
In U.S. economic news, the ISM index for December was 54.7, above the prior-month’s 53.2 reading, and higher than estimates of 53.6. In EMEA news, Germany’s factory orders fell 2.5% in November, reversing course from October’s upwardly-revised 5.0% gain, and steeper than economists’ expectations of a 2.4% contraction. In APAC news, Japan’s services PMI increased to 52.3 in December from 51.8 in November.