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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK gross domestic product remained flat in February
In the UK, the gross domestic product (GDP) recorded a flat reading on a MoM basis in February, compared to a revised rise of 0.40% in the previous month. Markets were expecting GDP to rise 0.10%.
UK industrial production unexpectedly fell in February
In the UK, industrial production unexpectedly dropped 0.20% on a MoM basis in February, compared to a revised fall of 0.50% in the last month. Market anticipations were for industrial production to rise 0.20%.
UK manufacturing production remained flat in February
In the UK, manufacturing production remained flat on a MoM basis in February, compared to a revised drop of 0.10% in the prior month. Markets were expecting manufacturing production to rise 0.20%.
Euro-zone industrial production climbed more than anticipated in February
In the Euro-zone, industrial production advanced 1.50% on a MoM basis in February, compared to a revised rise of 1.00% in the previous month. Market expectations were for industrial production to rise 1.00%.
German CPI rose as expected in March
In Germany, the CPI advanced 7.40% on a YoY basis in March, at par with market expectations and compared to a rise of 8.70% in the prior month.
US producer price index unexpectedly fell in March
In the US, the producer price index (PPI) dropped 0.5% on a MoM basis in March, compared to a revised flat reading recorded in the previous month.
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