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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK consumer confidence index remained unchanged in March
In the UK, the consumer confidence index remained steady at a level of -13.00 in March. Market anticipation was for the index to drop to a level of -14.00.
Euro-zone consumer confidence index advanced in March
The final consumer confidence index in the Euro-zone rose to a level of -7.20 in March, in line with market expectations. The index had registered a reading of -7.40 in the previous month.
German CPI rose less than expected in March
The flash consumer price index (CPI) in Germany advanced 0.40% on a MoM basis, in March, less than market expectations for a rise of 0.60%. In the prior month, the CPI had registered a similar rise.
US annualised GDP advanced less than expected in 4Q 2018
On a quarterly basis, the final annualised gross domestic product (GDP) in the US rose 2.20% in 4Q 2018, compared to a rise of 3.40% in the prior quarter. Market expectation was for the annualised GDP to advance 2.30%.
US pending home sales fell more than expected in February
Pending home sales in the US recorded a drop of 1.00% on a MoM basis, in February, higher than market expectations for a drop of 0.50%. Pending home sales had climbed by a revised 4.30% in the prior month.
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