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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP advanced more than expected in 4Q 2020
In the UK, the final GDP recorded a rise of 1.30% on a QoQ basis in 4Q 2020, compared to a revised rise of 16.10% in the previous quarter. Markets were anticipating GDP to climb 1.00%.
UK house prices unexpectedly fell in March
In the UK, the seasonally adjusted house prices dropped 0.20% on a MoM basis in March, compared to a rise of 0.70% in the prior month. Markets were expecting the house prices to record a rise of 0.40%.
Euro-zone CPI climbed as expected in March
In the Euro-zone, the flash consumer price index (CPI) advanced 1.30% on a YoY basis in March, in line with market expectations and compared to a rise of 0.90% in the previous month.
Germany’s unemployment rate remained unchanged in March
In Germany, the unemployment rate remained unchanged at 6.00% in March, in line with market forecast.
US private sector employment rose less than anticipated in March
In the US, the private sector employment climbed by 517.00K in March, compared to a revised rise of 176.00K jobs in the prior month. Markets were expecting the private sector employment to rise by 550.00K.
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