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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales across all sectors declined more than expected in March
In the UK, retail sales across all sectors registered a drop of 1.10% on an annual basis, in March, more than market expectations for a fall of 0.80%. In the previous month, retail sales across all sectors had dropped 0.10%.
Euro-zone investor confidence index advanced in April
The investor confidence index in the Euro-zone climbed to a level of -0.30 in April, compared to market expectations of a rise to a reading of -2.00. The index had registered a level of -2.20 in the prior month.
German trade surplus expanded in February
The seasonally adjusted trade surplus in Germany expanded to €17.90 billion in February, from a trade surplus of €14.50 billion in the prior month. Markets were anticipating the nation’s trade surplus to widen to €16.00 billion.
US factory orders dropped as expected in February
In the US, factory orders dropped 0.50% on a monthly basis, in February, at par with market expectations. In the previous month, factory orders had registered an unchanged reading.
US durable goods orders fell as expected in February
The final durable goods orders in the US eased 1.60% on a MoM basis, in February, meeting market expectations. In the previous month, durable goods orders had risen by a revised 0.10%.
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