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Global Economic Update

11:03, 29 mars

Global Economic Update

  • In the UK, the consumer confidence advanced surprisingly to a level of -7.00 in March, compared to a reading of -10.00 in the .prior month. The business barometer dropped to 32.00% in March, compared to a level of 33.00% in the last month. The CBI distributive trade survey's retail sales balance fell to a level .of 8.00% in March, compared to a level of 8.00% in the .previous month.
  • In Germany, the consumer confidence index rose unexpectedly .to a level of 10.90 in April, compared to a reading of 10.80 in .the March.
  • In the US, the final annualized gross domestic product increased more-than-expected 2.90% on a QoQ basis in 4Q 2017, compared to a rise of 3.20% in the prior quarter. The advance goods trade deficit widened to a level of USD 75.40 billion in February, compared to a revised deficit of USD 75.30 billion in the last month. The final core personal consumption .expenditure jumped 1.90% on a QoQ basis in 4Q 2017, compared to a climb of 1.30% in the previous quarter. Mortgage applications rose 4.80% on a weekly basis in the .week ended 23 March 2018, compared to a drop of 1.10% in .the prior week. The seasonally adjusted flash wholesale .inventories climbed higher-than-expected 1.10% on a MoM .basis in February, compared to a rise of 0.80% in the last .month. The pending home sales dropped 4.40% on a YoY basis .in February, compared to a fall of 1.90% in January.
  • In Japan, the retail trade rose 1.60% on a YoY basis in February, compared to a similar rise in the prior month. The large retailer's sales increased 0.60% on a MoM basis in February, more than market expectations and compared to a climb of 0.50% in the last month.
  • In Australia, the private sector credit advanced 4.90% on a YoY .basis in February, compared to a similar rise in the previous month.