Guardian Stockbrokers Key Economic News Tuesday 13 April 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 advanced in March

In the UK, retail sales across all sectors jumped 20.30% on a YoY basis in March, compared to a rise of 9.50% in the prior month.

Euro-zone retail sales advanced more than expected in February

In the Euro-zone, the seasonally adjusted retail sales rose 3.00% on a MoM basis in February, compared to a revised fall of 5.20% in the prior month. Markets were expecting the retail sales to rise 1.50%.

US budget deficit expanded in March

In the US, budget deficit widened to $660.00 billion in March, compared to a deficit of $311.00 billion in the prior month. Market expectations were for a deficit of $265.00 billion.

Australia’s business confidence index fell in March

In Australia, the business confidence index fell to a level of 15.00 in March, compared to a revised level of 18.00 in the previous month.

Australia’s business conditions index climbed in March

In Australia, the business conditions index rose to a level of 25.00 in March, compared to a revised reading of 17.00 in the previous month.

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