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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales advanced in January
In the UK, retail sales recorded a rise of 0.90% on a MoM basis in January. In the previous month, the retail sales had fallen by a revised 0.50%.
Euro-zone consumer confidence index surprisingly advanced in February
In the Euro-zone, the flash consumer confidence index unexpectedly rose to a level of -6.60 in February. The index had recorded to a level of -8.10 in the previous month.
German consumer confidence index eased in March
In Germany, the consumer confidence index eased to a level of 9.80 in March, in line with market expectations. The index had recorded to a level of 9.90 in the prior month.
US Philadelphia Fed manufacturing index fell in February
In the US, Philadelphia Fed manufacturing index registered a drop to a level of 11.00 in February, compared to market expectations of a fall to a level of 12.00. In the prior month, index had registered to a reading of 17.00.
Japanese national CPI rose as expected in January
In Japan, the national consumer price index (CPI) climbed 0.70% on a YoY basis in January, meeting market expectations. The national CPI had climbed 0.80% in the prior month.
Japanese manufacturing PMI unexpectedly slid in February
In Japan, the flash manufacturing PMI registered an unexpected drop to a level of 47.60 in February. Manufacturing PMI had registered to a reading of 48.80 in the prior month.
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