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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CBI distributive trade survey’s retail sales balance rose in February
In the UK, the CBI distributive trade survey’s retail sales balance rose to a level of 1.00% in February, compared to market expectations of a rise to a level of 4.00%. The CBI distributive trade survey’s retail sales balance had recorded a level of 0.00% in the previous month.
German GDP remained steady in 4Q 2019
In Germany, the seasonally adjusted final gross domestic product (GDP) remained steady on a QoQ basis in 4Q 2019, in line with market expectations. In the prior quarter, GDP had risen 0.10%.
US housing price index advanced more than expected in December
In the US, the housing price index advanced 0.60% on a MoM basis in December, more than market expectations for a rise of 0.40%. The index had recorded a revised rise of 0.30% in the prior month.
US consumer confidence index climbed less than expected in February
In the US, the CB consumer confidence index rose to a level of 130.70 in February, compared to a revised reading of 130.40 in the prior month. Market expectation was for the index to climb to a level of 132.00.
US Richmond Fed manufacturing index eased in February
In the US, the Richmond Fed manufacturing index recorded a drop to a level of -2.00 in February, compared to market expectations of a fall to a level of 10.00. In the previous month, the index had registered to a reading of 20.00.
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