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