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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone industrial production rose more than expected in January
In the Euro-zone, industrial production advanced 0.70% on a MoM basis in January, compared to a revised fall of 1.30% in the previous month. Markets were expecting industrial production to rise 0.40%.
German current account surplus narrowed more than expected in January
In Germany, current account surplus narrowed to €16.20 billion in January, compared to a revised surplus of €25.60 billion in the previous month. Market anticipations were for the current account to narrow to €23.70 billion.
US MBA mortgage applications advanced in the week ended 10 March 2023
In the US, the MBA mortgage applications rose 6.50% on a weekly basis in the week ended 10 March 2023, compared to a rise of 7.40% in the prior week.
US PPI climbed less than anticipated in February
In the US, the PPI rose 4.60% on a YoY basis in February, less than market expectations and compared to a revised rise of 5.70% in the previous month.
US retail sales fell more than expected in February
In the US, retail sales dropped 0.40% on MoM basis in February, compared to a revised rise of 3.20% in the prior month. Market expectations for retail sales to fall 0.30%.
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