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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone GDP dropped less than expected in 4Q 2020
In the Euro-zone, the seasonally adjusted second estimate of GDP registered a drop of 0.60% on a QoQ basis in 4Q 2020 compared to a revised rise of 12.40% in the previous quarter. Markets were expecting the GDP to record a decline of 0.7%.
Euro-zone economic sentiment index unexpectedly rose in February
In the Eurozone, the economic sentiment index recorded an unexpected rise to a level of 69.60 in February, compared to a level of 58.30 in the prior month. Markets were expecting the index to record a drop to 57.00.
German economic sentiment index unexpectedly advanced in February
In Germany, the economic sentiment index unexpectedly advanced to a level of 71.20 in February, compared to a reading of 61.80 in the prior month. Markets were expecting the index to record a fall to a level of 59.60
US NY Empire State manufacturing index advanced in February
In the US, the NY Empire State manufacturing index advanced to 12.10 in February, compared to a level of 3.50 in the previous month. Markets were expecting the index to record a rise to 6.00.
Australian Westpac leading index advanced in January
In Australia, the Westpac leading index recorded a rise of 0.26% on a MoM basis in January, compared to an advance of 0.12% in the previous month.
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