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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CPI advanced less than expected in February
In the UK, the consumer price index (CPI) registered a rise of 0.40% on a YoY basis in February, compared to a rise of 0.70% in the prior month. Markets were expecting the CPI to record an advance of 0.80%.
UK manufacturing PMI unexpectedly climbed in March
In the UK, the flash manufacturing PMI recorded an unexpected rise to a level of 57.90 in March, compared to a level of 55.10 in the previous month. Markets were expecting the manufacturing PMI to fall to 55.00.
Euro-zone manufacturing PMI unexpectedly rose in March
In the Euro-zone, the flash manufacturing PMI unexpectedly rose to 62.40 in March, compared to a level of 57.90 in the previous month. Markets were expecting the manufacturing PMI to record a drop to 57.70.
German manufacturing PMI climbed in March
In German, the preliminary manufacturing PMI registered a rise to 66.60 in March, compared to a reading of 60.70 in the previous month. Market anticipations were for the manufacturing PMI to rise to a level of 60.80.
US durable goods orders unexpectedly dropped in February
In the US, the flash durable goods orders dropped 1.10% on a MoM basis February, compared to a revised rise of 3.50% in the prior month. Markets were expecting the durable goods orders to record an advance of 0.80%.
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