The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone economic sentiment index advanced in March
In the Euro-zone, the economic sentiment index recorded an unexpected rise to 74.00 in March, compared to a level of 69.60 in the prior month.
German economic sentiment index rose in March
In Germany, the economic sentiment index climbed to a level of 76.60 in March, compared to a reading of 71.20 in the prior month. Market expectations were for the economic sentiment index to climb to a level of 74.00.
German current situation index advanced in March
In Germany, the current situation index climbed to a reading of -61.00 in March, compared to a level of -67.20 in the previous month. Market anticipations were for the index to rise to a level of -62.00.
US industrial production unexpectedly declined in February
In the US, industrial production fell 2.20% on a MoM basis in February, compared to a revised rise of 1.10% in the previous month. Markets were anticipating manufacturing production to rise 0.60%.
US advance retail sales declined more than anticipated in February
In the US, advance retail sales dropped 3.00% on a MoM basis in February, compared to a revised rise of 7.60% in the previous month. Market expectations were for advance retail sales to drop 0.50%.
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