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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German wholesale price index climbed in February
In Germany, the wholesale price index rose 1.70% on a MoM basis in February, compared to an advance of 2.30% in the prior month.
RBA minutes indicate central bank still patient on rate hike
Minutes of the Reserve Bank of Australia’s (RBA) March meeting showed that the Board was upbeat on the domestic outlook. Further, the central bank indicated that it remained patient on raising interest rates as it waited for wage growth to pick up, though it warned that a surge in commodity prices caused by the crisis in Ukraine would add to inflationary pressures.
Australian house price index rose in 4Q 2021
In Australia, the house price index registered a rise of 23.70% on a YoY basis in 4Q 2021, compared to a rise of 21.70% in the prior quarter.
Chinese industrial production climbed more than expected in February
In China, industrial production advanced 7.5% on a YoY basis in February, compared to a rise of 4.3% in the previous month. Markets were expecting industrial production to record a rise of 3.9%.
Chinese retail sales rose more than anticipated in February
In China, retail sales climbed 6.7% on a YoY basis in February, compared to an advance of 1.7% in the prior month. Markets were expecting retail sales to record a rise of 3.0%.
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