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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales across all sectors dropped more than expected in February
In the UK, retail sales across all sectors fell 0.40% on a YoY basis in February, compared to a flat reading in the prior month. Markets were anticipating retail sales across all sectors to drop 0.20%.
Euro-zone investor confidence index dropped in March
In the Euro-zone, the investor confidence index fell to a level of -17.10 in March, lower than market expectations of a fall to a level of -5.00. The index had recorded to a level of 5.20 in the previous month.
German trade surplus narrowed in January
In Germany, the seasonally adjusted trade surplus narrowed to €18.50 billion in January, more than market expectations of a trade surplus of €15.40 billion. Germany had registered a trade surplus of €19.00 billion in the previous month.
German industrial production rose more than expected in January
In Germany, the seasonally adjusted industrial production rose 3.00% on a MoM basis in January, more than market expectations for a rise of 1.50%. In the prior month, industrial production had fallen by a revised 2.20%.
Chinese CPI rose in February
In China, the consumer price index (CPI) advanced 0.80% on a MoM basis in February. In the previous month, the CPI had risen 1.40%.
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