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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales across all sectors rose less than expected in February
In the UK, the BRC retail sales across all sectors registered a rise of 2.70% on a YoY basis in February, compared to a rise of 8.10% in the previous month. Markets were anticipating retail sales across all sectors to rise 15.20%.
Euro-zone investor confidence index unexpectedly dropped in March
In the Euro-zone, the investor confidence index unexpectedly fell to a level of -7.00 in March, compared to a level of 16.60 in the prior month. Markets were expecting the index to record a drop to 5.30.
German factory orders advanced more than expected in January
In Germany, seasonally adjusted factory orders climbed 1.80% on a MoM basis in January, compared to a revised rise of 3.00% in the previous month. Markets were expecting to record a rise of 1.00%.
German retail sales rose more than expected in January
In Germany, retail sales registered a rise of 2.00% on a MoM basis in January, compared to a revised fall of 4.60% in the previous month. Markets were expecting retail sales to record a rise of 1.50%.
US consumer credit advanced less than expected in January
In the US, consumer credit increased by $6.84 billion in January, compared to a gain of $18.90 billion in the previous month. Markets were expecting consumer credit to record an advance of $21.50 billion.
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