Global Economic Update

11:04, 21 March

Global Economic Update

  • In the UK, the CPI climbed 2.70% on a YoY basis in February, less than market expectations and compared to a rise of 3.00% in the prior month. The retail price index rose less-than-expected by 3.60% on a YoY basis in February, compared to an increase of 4.00% in the last month. The house price index advanced 4.90% on a YoY basis in January, less than market expectations and compared to a rise of 5.00% in the previous month. The CPI rose 0.40% on a MoM basis in February, compared to a drop of 0.50% in January. The non-seasonally adjusted input PPI increased less-than-expected by 3.40% on a YoY basis in February, compared to an advance of 4.50% in the .prior month. The non-seasonally adjusted output PPI climbed 2.60% on a YoY basis in February, compared to a rise of 2.80% in the last month.
  • In the Eurozone, the economic sentiment index dropped to a level of 13.40 in March, compared to a reading of 29.30 in the .previous month. The flash consumer confidence index remained .constant at 0.10 in March.
  • In Germany, the economic sentiment index declined to a level .of 5.10 in March, more than market expectations and .compared to a level of 17.80 in February. The current situation .index dropped to a level on 90.70 in March, compared to a reading of 92.30 in the last month. The PPI climbed 1.80% on a YoY basis in February, less than market expectations and .compared to a rise of 2.10% in the previous month.
  • In Australia, the Westpac leading index rose 0.29% on a MoM .basis in February, compared to a fall of 0.27% in January.