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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German trade surplus widened in January
The seasonally adjusted trade surplus in Germany expanded to €14.50 billion in January, compared to market expectations of a trade surplus of €15.20 billion. Germany had posted a trade surplus of €13.90 billion in the prior month.
German industrial production unexpectedly eased in January
The seasonally adjusted industrial production in Germany registered an unexpected drop of 0.80% on a MoM basis, in January, less than market expectations for an advance of 0.50%. In the previous month, industrial production had climbed by a revised 0.80%.
German exports remained flat in January
The seasonally adjusted exports in Germany remained flat on a MoM basis, in January, higher than market expectations for a drop of 0.50%. Exports had climbed 1.50% in the prior month.
German imports unexpectedly rose in January
In Germany, the seasonally adjusted imports registered an unexpected rise of 1.50% on a monthly basis in January, more than market expectations for a drop of 0.10%. In the prior month, imports had registered a rise of 1.20%.
US advance retail sales surprisingly rose in January
On a MoM basis, advance retail sales in the US recorded an unexpected rise of 0.20% in January, higher than market expectations for a steady reading. Advance retail sales had fallen by a revised 1.60% in the previous month.
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