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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI rose more than anticipated in March
In the UK, the final services PMI rose to a level of 62.60 in March, compared to a level of 60.50 in the previous month. Market expectations were for the services PMI to advance to a level of 61.00.
Euro-zone services PMI unexpectedly climbed in March
In the Euro-zone, the final services PMI unexpectedly rose to a level of 55.60 in March, compared to a reading of 55.50 in the prior month. Markets were anticipating the services PMI to drop to 54.80.
German services PMI unexpectedly climbed in March
In Germany, the final services PMI unexpectedly rose to a level of 56.10 in March, compared to a level of 55.80 in the previous month. Markets were expecting the services PMI to record a fall to 55.00.
US ISM services PMI advanced more than expected in March
In the US, the ISM services PMI recorded a rise to 58.30 in March, compared to a reading of 56.50 in the previous month. Markets were expecting the PMI to advance to a level of 58.00.
US trade deficit remained steady in February
In the US, trade deficit remained unchanged at $89.20 billion in February. Markets were expecting trade deficit to narrow to $88.50 billion.
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