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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone consumer confidence index fell as anticipated in February
In the Euro-zone, the consumer confidence index declined to a level of -8.80 in February, as expected and compared to a reading of -8.50 in the prior month.
Euro-zone economic sentiment index rose more than expected in February
In the Euro-zone, the economic sentiment index advanced to a level of 114.00 in February, compared to a reading of 112.70 in the previous month. Markets were expecting the index to record a rise to 113.10.
German GDP dropped less than anticipated in Q4 2021
In Germany, GDP fell 0.30% on a QoQ basis in 4Q 2021, compared to a rise of 1.70% in the prior quarter. Markets were expecting the GDP to record a drop of 0.70%.
US consumer sentiment index fell less than expected in February
In the US, the consumer sentiment index declined to a level of 62.80 in February, compared to a reading of 67.20 in the prior month. Market anticipations were for the index to drop to 61.70.
US durable goods orders unexpectedly rose in January
In the US, durable goods orders advanced 1.60% in January, compared to a revised rise of 1.20% in the previous month. Markets were expecting durable goods orders to record a rise of 0.80%.
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