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