Guardian Stockbrokers Key Economic News Wednesday 3 March 2021

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

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UK house prices unexpectedly advanced in February

In the UK, house prices advanced 0.70% on a MoM basis in February, compared to a revised drop of 0.20%. Markets were expecting house prices to record a drop of 0.30%.

UK BRC shop price index dropped in February

In the UK, the BRC shop price index recorded a drop of 2.40% on a YoY basis in February, compared to a fall of 2.20% in the previous month.

Euro-zone CPI advanced as expected in February

In the Euro-zone, the preliminary consumer price index (CPI) rose 0.90% on a YoY basis in February, at par with market expectations and compared to a rise of 0.90% in the prior month.

German retail sales declined more than expected in January

In Germany, retail sales declined 4.50% on a MoM basis in January, compared to a revised drop of 9.10% in the previous month. Markets were expecting retail sales to record a fall of 1.00%.

German unemployment rate remained unchanged in February

In Germany, the seasonally adjusted unemployment rate remained steady at 6.00% in February, in line with market expectations.

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