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Guardian Stockbrokers Key Economic News Thursday 30 March 2023

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK consumer credit fell in February

In the UK, consumer credit dropped to £1.41 billion in February, compared to £1.68 billion in the previous month.

UK mortgage approvals advanced more than expected in February

In the UK, mortgage approvals rose to 43.54 K in February, compared to a revised level of 39.65 K in the prior month. Markets were expecting mortgage approvals to rise to 40.50 K.

German GfK consumer confidence rose less than anticipated in April

In Germany, the GfK consumer confidence advanced to -29.50 in April, compared to a revised level of -30.60 in the last month. Markets were expecting the consumer confidence to rise to -29.20.

US MBA mortgage applications advanced in the week ended 24 March 2023

In the US, the MBA mortgage applications rose 2.90% in the week ended 24 March 2023, compared to a rise of 3.00% in the previous week.

US pending home sales unexpectedly rose in February

In the US, pending home sales unexpectedly advanced 0.80% on a MoM basis in February, compared to a rise of 8.10% in the previous month.

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