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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Rightmove house price index advanced in February
In the UK, the Rightmove house price index recorded a rise of 2.90% on a YoY basis in February. In the previous month, the Rightmove house price index had climbed 2.70%.
Euro-zone GDP rose less than expected in 4Q 2019
In the Euro-zone, the seasonally adjusted second estimate of gross domestic product (GDP) advanced 0.90% on a YoY basis in 4Q 2019, compared to a rise of 1.20% in the previous quarter. Market anticipation was for the GDP to rise 1.00%.
Euro-zone trade surplus widened in December
In the Euro-zone, the seasonally adjusted trade surplus advanced to €22.20 billion in December, compared to a revised trade surplus of €19.10 billion in the previous month. Market anticipation was for the region to record a trade surplus of €21.60 billion.
US advance retail sales advance as expected in January
In the US, advance retail sales climbed 0.30% on a MoM basis in January, meeting market expectations. In the previous month, advance retail sales had risen by a revised 0.20%.
US industrial production dropped more than expected in January
In the US, industrial production registered a drop of 0.30% on a monthly basis in January, compared to a revised fall of 0.40% in the prior month. Markets were anticipating industrial production to drop 0.20%.
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