Guardian Stockbrokers Key Economic News Thursday 14 March 2019

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK house price balance slid in February

House price balance in the UK eased to 28.00% in February, compared to 22.00% in the previous month. Markets were anticipating house price balance to ease to 24.00%.

Euro-zone industrial production rose more than expected in January

The seasonally adjusted industrial production in the Euro-zone recorded a rise of 1.40% on a monthly basis, in January, more than market expectations for an advance of 1.00%. In the previous month, industrial production had recorded a drop of 0.90%.

US durable goods orders unexpectedly climbed in January

In the US, the flash durable goods orders unexpectedly climbed 0.40% on a MoM basis, January, compared to an advance of 1.20% in the prior month. Market anticipation was for durable goods orders to fall 0.40%.

US construction spending advanced more than expected in January

On a MoM basis, construction spending in the US advanced 1.30% in January, more than market expectations for a rise of 0.50%. Construction spending had registered a revised drop of 0.80% in the prior month.

US mortgage applications advanced in the last week

Mortgage applications in the US rose 2.30% on a weekly basis, in the week ended 08 March 2019. In the prior week, mortgage applications had registered a drop of 2.50%.

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