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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone CPI fell less than expected in January
The consumer price index (CPI) in the Euro-zone recorded a drop of 1.00% on a monthly basis in January, compared to a flat reading in the previous month. Market anticipation was for the CPI to fall 1.10%.
German Ifo current assessment index declined in February
The Ifo current assessment index in Germany eased to a level of 103.40 in February, compared to a revised reading of 104.50 in the prior month. Market anticipation was for the index to fall to a level of 103.90.
German GDP remained flat in 4Q 2018
On a QoQ basis, the seasonally adjusted final gross domestic product (GDP) in Germany, remained flat in 4Q 2018, in line with market expectations. In the prior quarter, GDP had dropped 0.20%.
German Ifo business climate index fell in February
The Ifo business climate index in Germany registered a drop to a level of 98.50 in February, compared to market expectations of a drop to a reading of 98.90. The index had registered a revised reading of 99.30 in the previous month.
German Ifo business expectations index surprisingly fell in February
The Ifo business expectations index in Germany unexpectedly dropped to a level of 93.80 in February, compared to market expectations of an unchanged reading. The index had recorded a revised level of 94.30 in the prior month.
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