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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK consumer price index (CPI) advanced more than expected in March
In the UK, the consumer price index climbed 10.10% on a YoY basis in March, compared to a rise of 10.40% in the previous month. Market expectations were for the index to rise 9.80%.
UK retail price index rose more than anticipated in March
In the UK, the retail price index advanced 0.70% on a MoM basis in March, compared to a rise of 1.20% in the prior month. Markets were expecting the index to rise 0.60%.
UK DCLG house price index advanced less than expected in February
In the UK, the DCLG house price index rose 5.50% on a YoY basis in February, compared to a revised rise of 6.50% in the previous month. Markets were expecting the index to rise 9.30%.
Euro-zone current account surplus unexpectedly widened in February
In the Euro-zone, current account surplus unexpectedly widened to €24.32 billion in February, compared to a revised surplus of €18.60 billion in the previous month. Markets were expecting the current account surplus to narrow to €6.70 billion.
Fed’s Beige Book: US economic activity was “little changed”
According to the US Federal Reserve’s (Fed) latest Beige Book report, the US overall economic activity was little changed in recent weeks. Moreover, banks have tightened their lending standards following recent turmoil in the banking sector.
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