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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK new car registrations dropped in February
In the UK, new car registrations slid 0.30% in February on a YoY basis. New car registrations had registered a rise of 2.90% in the previous month.
UK retail sales across all sectors dropped more than expected in February
On a YoY basis, retail sales across all sectors registered a drop of 0.40% in the UK, in February, more than market expectations for a drop of 0.20%. Retail sales across all sectors had registered a drop of 0.60% in the previous month.
Euro-zone investor confidence index rose in March
The investor confidence index registered a rise to 20.70 in the Euro-zone, in March, compared to a level of 17.40 in the prior month. Markets were expecting the investor confidence index to rise to a level of 18.50.
US factory orders advanced more than expected in January
In January, on a MoM basis, factory orders climbed 1.20% in the US, more than market expectations for an advance of 1.00%. In the previous month, factory orders had recorded a rise of 1.30%.
US non-defense capital goods shipments (ex aircraft) slid in January
In January, on a MoM basis, the final non-defense capital goods shipments (ex aircraft) in the US eased 0.40%. In the previous month, the non-defense capital goods shipments (ex aircraft) had climbed by a revised 1.60%. The preliminary figures had indicated a fall of 0.60%.
US durable goods orders (ex transportation) remained steady in January
On a MoM basis, the final durable goods orders (ex transportation) in the US remained steady in January, compared to a revised rise of 0.90% in the previous month. The preliminary figures had recorded a fall of 0.20%. Market anticipation was for durable goods orders (ex transportation) to rise 0.10%.
US durable goods orders rose more than expected in January
The final durable goods orders in the US rose 2.00% in January on a monthly basis, more than market expectations for a rise of 1.00%. The preliminary figures had recorded an advance of 1.80%. In the previous month, durable goods orders had dropped by a revised 0.80%.
US non-defense capital goods orders (ex aircraft) declined in January
On a monthly basis, the final non-defense capital goods orders (ex aircraft) registered a drop of 0.10% in January, in the US. The non-defense capital goods orders (ex aircraft) had risen by a revised 1.10% in the prior month. The preliminary figures had indicated a drop of 0.40%.
Japanese foreign exchange reserves climbed in February
In February, foreign exchange reserves registered a rise to $1232.34 billion in Japan, compared to a reading of $1231.57 billion in the previous month.
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