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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK posted public sector borrowing deficit in February
UK posted a public sector borrowing deficit of £12.35 billion in February, compared to a revised surplus of £7.83 billion in the prior month. Markets were expecting public sector borrowing to report a deficit of £7.86 billion.
Euro-zone construction output rose in January
In the Euro-zone, seasonally adjusted construction output advanced 3.90% on a MoM basis in January, compared to a revised decline of 1.50% in the prior month. Markets were expecting construction output to record a rise of 0.50%.
Euro-zone current account surplus remained steady in January
In the Euro-zone, current account surplus remained unchanged at €22.60 billion in January. Markets were expecting surplus to narrow to €20.10 billion.
US Richmond Fed manufacturing index advanced more than anticipated in March
In the US, the Richmond Fed manufacturing index rose to a level of 13.00 in March, compared to a reading of 1.00 in the previous month. Markets were expecting the index to rise to 4.00.
Japan leading economic index unexpectedly declined in January
In Japan, the leading economic index fell to 102.50 in January, compared to a revised reading of 103.70 in prior month. Markets were expecting the index to remain unchanged at 103.70.
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