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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone consumer confidence index declined as expected in March
In the Euro-zone, the final consumer confidence index dropped to -18.70 in March, as expected and compared to a level of -8.80 in the previous month.
Euro-zone economic sentiment indicator declined more than anticipated in March
In the Euro-zone, the economic sentiment indicator dropped to 108.50 in March, compared to a revised reading of 113.90 in the prior month. Markets were expecting the economic sentiment indicator to decline to 109.00.
Germany CPI rose more than expected in March
In Germany, the consumer price index (CPI) advanced 7.30% in March, compared to a rise of 5.10% in the previous month. Markets were expecting the CPI to record a rise of 6.30%.
US ADP employment change rose more than expected in March
In the US, the ADP private sector employment rose by 455.00 K in March, compared to a revised reading of 486.00 K jobs in the previous month. Markets were expecting employment to advance by 450.00 K.
US annualised GDP rose less than expected in 4Q 2021
In the US, the final annualised GDP registered a rise of 6.90% on a QoQ basis in 4Q 2021, compared to a rise of 2.30% in the previous quarter. Markets were expecting the GDP to record a rise of 7.00%.
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