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Guardian Stockbrokers Key Economic News Thursday 14 February 2019

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

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UK house price index rose as expected in January

The house price index in the UK rose 2.50% on a YoY basis in January, compared to a revised advance of 2.70% in the prior month. Markets were expecting the house price index to rise 2.50%.

UK CPI dropped more than expected in January

In the UK, the consumer price index (CPI) slid 0.80% on a MoM basis, in January, higher than market expectations for a fall of 0.70%. In the prior month, the CPI had advanced 0.20%.

Euro-zone industrial production fell more than expected in December

The seasonally adjusted industrial production in the Euro-zone registered a drop of 0.90% on a monthly basis, in December, more than market expectations for a fall of 0.40%. In the prior month, industrial production had dropped 1.70%.

US CPI remained flat in January

On a monthly basis, the CPI in the US remained steady in January, less than market expectations for a rise of 0.10%. The CPI had recorded a revised flat reading in the prior month.

US budget deficit fell in December

Budget deficit in the US narrowed to $13.50 billion in December, compared to a deficit of $204.90 billion in the previous month. Market expectation was for the nation to register a deficit of $11.00 billion.

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