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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP rose less than expected in February
In the UK, GDP climbed 0.40% on a MoM basis in February, compared to a revised drop of 2.20% in the previous month. Markets were anticipating the GDP to advance 0.60%.
UK manufacturing production unexpectedly advanced in February
In the UK, manufacturing production rose 1.30% on a MoM basis in February, compared to a drop of 2.30% in the prior month. Markets were expecting the manufacturing production to record a drop of 0.8%.
German economic sentiment index unexpectedly dropped in April
In Germany, the economic sentiment index unexpectedly fell to a level of 70.70 in April, compared to a level of 76.60 in the previous month. Markets were expecting the index to rise to a level of 79.00.
US small business optimism index rose in March
In the US, the small business optimism index recorded a rise to 98.20 in March, compared to a reading of 95.80 in the previous month.
US CPI climbed more than expected in March
In the US, the consumer price index (CPI) rose 2.60% on a YoY basis in March, compared to a rise of 1.70% in the prior month. Markets were expecting the CPI to record an advance of 2.50%.
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