UK house prices declined in January
Nationwide indicated that, on a month-on-month basis, house prices in the UK fell 0.2% in January, in line with market expectations and following a similar decline recorded in December. On an annual basis, the House Prices Index rose 0.6% in January, compared to a 1.0% growth recorded in December. Market had expected the index to rise to 1.2% YoY in January.
UK manufacturing PMI expanded in January
On a seasonally adjusted basis, the manufacturing Purchasing Managers’ Index (PMI) in the UK rose to a reading of 52.1 in January, marking the highest level in eight months and compared to an upwardly revised reading of 49.7 posted in December.
German manufacturing PMI expanded in January
The manufacturing PMI in Germany rose to a reading of 51.0 in January, marking the six-month high and compared to an initial estimate of 50.9.
French manufacturing PMI dropped in January
On a seasonally adjusted basis, the manufacturing PMI in France dropped to a reading of 48.5 in January, matching with preliminary estimates and compared to a reading of 48.9 posted in December.
Euro-zone manufacturing PMI rose in January
On a seasonally adjusted basis, the manufacturing PMI in Euro-zone rose to a reading of 48.8 in January, marking the highest in the past five months and compared to a reading of 46.9 posted in December.
Euro-zone CPI remained unchanged in January
On an annual basis, the Consumer Price Index (CPI) in the Euro-zone remained unchanged at 2.7% in January, matching market estimates.
Swiss retail sales rose less-than-expected in December
On a year-on-year basis, retail sales in Switzerland rose 0.6% in December, compared to an increase of 1.8% recorded in November. Market had expected retail sales to rise 1.6% YoY in December. On a month-on-month basis, retail sales fell 2.9% in December, compared to a 0.3% rise recorded in the previous month.
Swiss SVME PMI declined unexpectedly in January
The SVME Association of Purchasing and Materials Management and Credit Suisse reported that, on a seasonally adjusted basis, the PMI in Switzerland unexpectedly fell to a reading of 47.3 in January, compared to a revised reading of 49.1 posted in December. Market had expected the index to rise to a reading of 51.2 in January.
US weekly MBA mortgage applications declined
According to Mortgage Bankers Association (MBA), for the week ended 27 January 2012, mortgage application volume in the US, on a seasonally adjusted basis, declined 2.9% from one week earlier. Additionally, the refinancing demand for the week dropped 3.6% from the week before.
US private sector employment rose in January
Automatic Data Processing, Inc. (ADP) reported that private sector employment in the US rose by 170,000 jobs in January, following a revised increase of 292,000 jobs recorded in December. Market had expected employment to increase by about 172,000 jobs in January, compared to the addition of 325,000 jobs originally reported for the previous month.
US ISM Manufacturing Index rose in January
The Institute for Supply Management (ISM) reported that the Manufacturing Index in the US rose to a reading of 54.1 in January, compared to a revised reading of 53.1 posted in December. Market had expected the index to rise to a reading of 54.5 in January, compared to an originally reported reading of 53.9 in the previous month.
US construction spending rose more-than-expected in December
On a seasonally adjusted annual basis, construction spending in the US rose 1.5% to an annual rate of $816.4 billion in December, compared to a downwardly revised 0.4% increase recorded in November. Market had expected construction spending to rise 0.5% in December from a previously projected 1.2% increase recorded in November.
US auto sales rose in January
Autodata Corp reported that, on an annual basis, the total vehicle sale in the US rose at the rate of 14.18 million in January, marking the highest level since May 2008 and compared to a rate of 13.56 million posted in December.
Japanese monetary base rose in January
On an annual basis, the monetary base in Japan rose 15.0% in January, following a 13.5% growth recorded in December.
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