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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales across all sectors surprisingly dropped in March
Retail sales across all sectors unexpectedly eased 0.70% on a YoY basis in March, in the UK, lower than market expectations for a rise of 1.40%. Retail sales across all sectors had recorded a rise of 0.10% in the previous month.
Italian industrial production advanced less than expected in February
On an annual basis, the working day adjusted industrial production in Italy climbed 1.20% in February, less than market expectations for a rise of 1.40%. In the previous month, industrial production had advanced by a revised 3.80%.
Italian industrial production advanced in February
On a YoY basis, the non-seasonally adjusted industrial production rose 5.20% in Italy, in February. In the prior month, industrial production had registered a revised rise of 0.60%.
Italian industrial production dropped less than expected in February
In February, the seasonally adjusted industrial production slid 0.60% on a monthly basis in Italy, less than market expectations for a drop of 0.90%. Industrial production had registered a revised rise of 1.70% in the prior month.
Kaplan puts focus on June for possible Fed rate hike
The Dallas Fed President, Robert Kaplan, stated that he does not back an interest rate increase this month due to weakening economic growth, but remains “very open-minded” for a June tightening.
US composite leading indicator eased in February
Composite leading indicator dropped to 98.90 in the US, in February. In the prior month, composite leading indicator had registered a revised reading of 99.00.
Japanese bank lending including trusts recorded a rise in March
Bank lending including trusts in Japan advanced 2.00% on a YoY basis, in March. In the prior month, bank lending including trusts had climbed 2.20%.
Japanese bank lending ex-trust recorded a rise in March
Bank lending ex-trust in Japan rose 2.00% in March on a YoY basis. In the previous month, bank lending ex-trust had advanced 2.20%.
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