The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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UK house price index climbed in March
In the UK, the house price index recorded a rise of 1.10% on a MoM basis in March, compared to a revised flat reading in the previous month.
German industrial production unexpectedly eased in February
In Germany, the seasonally adjusted industrial production fell 1.60% on a MoM basis in February, compared to a revised drop of 2.00% in the previous month. Markets were expecting the industrial production to record a rise of 1.50%.
German current account surplus expanded in February
In Germany, the non-seasonally adjusted current account surplus widened to €18.80 billion in February, following a revised surplus of €17.60 billion in the prior month.
German trade surplus narrowed in February
In Germany, trade surplus narrowed to €19.10 billion in February, compared to a revised surplus of €21.30 billion in the last month.
US PPI rose more than expected in March
In the US, the PPI registered a rise of 4.20% on a YoY basis in March, compared to a rise of 2.80% in the previous month. Markets were expecting the PPI to record a rise of 3.80%.
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