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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales across all sectors remain unchanged in January
In the UK, retail sales across all sectors remained unchanged on a YoY basis in January, higher than market expectations for a drop of 1.00%. Retail sales across all sectors had recorded a rise of 1.70% in the previous month.
Euro-zone investor confidence index surprisingly declined in February
In the Euro-zone, the investor confidence index registered an unexpected drop to a level of 5.20 in February, compared to market expectations of an advance to a level of 12.70. In the previous month, the index had recorded to a level of 7.60.
Canadian housing starts rose in January
In Canada, the seasonally adjusted housing starts rose to a level of 213.22 K in January, compared to market expectations of a rise to a level of 210.00 K. Housing starts had recorded a revised to a level of 195.89 K in the previous month.
Canadian building permits rose in December
In Canada, building permits registered a rise of 7.40% on a MoM basis in December. In the previous month, building permits had fallen by a revised 3.50%.
Australian business confidence index rose in January
In Australia, the business confidence index registered a rise to a level of -1.00 in January. The index had recorded a revised to a reading of -2.00 in the prior month.
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