Guardian Stockbrokers Key Economic News Tuesday 9 February 2021

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

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UK retail sales across all sectors rose more than expected in January

In the UK, retail sales across all sectors recorded a climb of 7.10% on a YoY basis in January, compared to a rise of 4.80% in the prior month.

Eurozone investor confidence index unexpectedly dropped in February

In the Eurozone, the investor confidence index unexpectedly fell to a level of -0.20 in February, compared to a level of 1.30 in the previous month. Market anticipations were for the index to climb to a level of 1.90.

German industrial production fell in December

In Germany, the seasonally adjusted industrial production recorded a flat reading on a MoM basis in December, compared to a revised rise of 1.50% in the previous month. Markets were expecting the industrial production to record a rise of 0.30%.

Australia’s business confidence index advanced in January

In Australia, the business confidence index rose to a level of 10.00 in January, compared to a revised level of 5.00 in the previous month.

Australian business conditions index dropped in January

In Australia, the business conditions index fell to a level of 7.00 in January, compared to a revised reading of 16.00 in the prior month.

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