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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK number of mortgage approvals for house purchases declined in February
Number of mortgage approvals for house purchases in the UK fell to a level of 64.30 K in February, lower than market expectations of a drop to a reading of 65.00 K. Number of mortgage approvals for house purchases had registered a revised level of 66.70 K in the previous month.
UK GDP rose as expected in 4Q 2018
The final gross domestic product (GDP) in the UK registered a rise of 0.20% in 4Q 2018 on a quarterly basis, in line with market expectations. In the prior quarter, GDP had risen 0.60%.
German unemployment rate declined in March
The seasonally adjusted unemployment rate in Germany recorded a fall of 4.90% in March, in line with market expectations. In the previous month, unemployment rate had registered a reading of 5.00%.
German retail sales surprisingly climbed in February
Retail sales in Germany recorded an unexpected rise of 0.90% in February on a MoM basis, more than market expectations for a drop of 1.00%. In the prior month, retail sales had climbed by a revised 2.80%.
US new home sales unexpectedly advanced in February
New home sales in the US registered an unexpected rise of 4.90%, to a level of 667.00 K on monthly basis, in February, compared to a revised reading of 636.00 K in the prior month. Markets were expecting new home sales to ease to a reading of 620.00 K.
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