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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Rightmove house price index rose in February
The Rightmove house price index in the UK rose 0.70% on a MoM basis, in February. The index had recorded a rise of 0.40% in the prior month.
UK retail sales advanced more than expected in January
Retail sales in the UK rose 1.00% on a monthly basis, in January, higher than market expectations for a rise of 0.20%. In the prior month, retail sales had registered a revised drop of 0.70%.
Euro-zone trade surplus narrowed in December
The seasonally adjusted trade surplus in the Euro-zone narrowed to €15.60 billion in December, less than market expectations of a trade surplus of €15.70 billion. The Euro-zone had posted a revised trade surplus of €15.80 billion in the previous month.
US Reuters/Michigan consumer sentiment index rose in February
In the US, the preliminary Reuters/Michigan consumer sentiment index registered a rise to a level of 95.50 in February, compared to a reading of 91.20 in the prior month. Markets were anticipating the index to climb to a level of 93.50.
US manufacturing production unexpectedly dropped in January
Manufacturing production in the US unexpectedly dropped 0.90% on a monthly basis, in January, lower than market expectations for a flat reading. In the previous month, manufacturing production had risen by a revised 0.80%.
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