Guardian Stockbrokers Key Economic News Thursday 13 February 2020

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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 advanced in January

In the UK, house price balance climbed to 17.00% in January, higher than market expectations of a rise to a level of 3.00 %. The house price balance had registered a revised flat reading in the previous month.

Euro-zone industrial production dropped more than expected in December

In the Euro-zone, the seasonally adjusted industrial production registered a drop of 2.10% on a MoM basis in December, higher than market expectations for a fall of 1.60%. Industrial production had recorded a revised flat reading in the previous month.

US mortgage applications climbed in the last week

In the US, mortgage applications recorded a rise of 1.10% on a weekly basis in the week ended 07 February 2020. Mortgage applications had registered a rise of 5.00% in the prior week.

US budget deficit expanded in January

The US has posted budget deficit of $33.00 billion in January, from a budget deficit of $13.30 billion in the prior month. Markets were expecting the nation to post a budget surplus of $14.70 billion.

Australian consumer inflation expectations dropped in February

In Australia, the consumer inflation expectations fell to 4.00% in February, lower than market expectations of a fall to 4.30%. In the prior month, the consumer inflation expectations stood at 4.70%.

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