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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 January
In the UK, average earnings including bonus climbed 4.80% on a YoY basis in January, compared to a rise of 4.30% in the previous month. Markets were expecting average earnings to record an advance of 4.60%.
UK unemployment rate dropped in January
In the UK, the unemployment rate dropped to 3.90% in the three months ended January, compared to a rate of 4.10% in the prior month. Markets were expecting the unemployment rate to fall to 4.00%.
Euro-zone economic sentiment index unexpectedly dropped in March
In the Euro-zone, the economic sentiment index registered an unexpected drop to -38.70 in March, compared to a reading of 48.60 in the previous month. Markets were expecting the index to rise to 49.30.
Euro-zone industrial production recorded a flat reading in January
In the Euro-zone, industrial production recorded a flat reading in January, compared to a revised rise of 1.30% in the prior month. Markets were expecting industrial production to record a rise of 0.10%.
German economic sentiment index dropped in March
In Germany, the economic sentiment index eased to -39.30 in March, compared to a reading of 54.30 in the prior month. Markets were expecting the index to drop to 10.00.
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