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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone GDP remained flat in 4Q22
In Euro-zone, GDP remained flat on a QoQ basis in 4Q22, at par with market expectations and compared to a rise of 0.30% in the prior quarter.
German retail sales unexpectedly dropped in January
In Germany, retail sales unexpectedly fell 0.30% in January, compared to a drop of 5.30% in the previous month.
Fed Beige Book: US economic activity slightly rose in early 2023
The US Federal Reserve, in its latest Beige Book, revealed that the overall economic activity slightly rose from January through late February. Moreover, six districts indicated economic activity expanded at a modest pace, while six reported little or no change in economic activity since the last report. Meanwhile, inflationary pressures remained widespread, though price increases moderated in many districts.
US private sector employment advanced more than anticipated in February
In the US, private sector employment climbed by 242.00K in February, compared to a revised 119.00K in the prior month. Markets were anticipating the private sector employment to rise by 200.00 K.
US JOLTS job openings declined less than expected in January
In the US, the JOLTS job openings dropped to 10.82 million in January, compared to a revised 11.23 million in the prior month. Markets were expecting the job openings to fall to 10.60 million.
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