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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK average earnings including bonus rose more than expected in the December-February 2019 period
The UK average earnings including bonus climbed 3.50% on a YoY basis in the December-February 2019 period, more than market expectations for a rise of 3.40%. In the November-January 2019 period, the average earnings including bonus had registered a revised similar rise.
UK ILO unemployment rate steadied in the December-February 2019 period
The ILO unemployment rate in the UK remained unchanged at 3.90% in the December-February 2019 period. Markets were anticipating the ILO unemployment rate to remain unchanged.
German economic sentiment index climbed in April
In Germany, the economic sentiment index rose to a level of 3.10 in April, higher than market expectations of a rise to a reading of 0.50. In the previous month, the index had recorded a reading of -3.60.
German current situation index slid in April
The current situation index in Germany eased to a level of 5.50 in April, compared to market expectations of a fall to a reading of 8.50. The index had registered a reading of 11.10 in the previous month.
US industrial production unexpectedly fell in March
On a MoM basis, industrial production in the US unexpectedly dropped 0.10% in March, lower than market expectations for a rise of 0.20%. In the prior month, industrial production had recorded a rise of 0.10%.
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