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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone labour cost advanced in 4Q 2016
Labour cost recorded a rise of 1.60% on a quarterly basis in the Euro-zone, in 4Q 2016. In the prior quarter, labour cost had registered a revised rise of 1.40%.
German PPI advanced less than expected in February
The producer price index (PPI) recorded a rise of 3.10% on an annual basis in Germany, in February, less than market expectations for a rise of 3.20%. The PPI had registered a rise of 2.40% in the previous month.
German WPI rose in February
The wholesale price index (WPI) in Germany rose 5.00% in February on a YoY basis. In the previous month, the WPI had registered a rise of 4.00%.
German WPI climbed in February
The WPI in Germany registered a rise of 0.60% in February on a monthly basis. In the prior month, the WPI had recorded a rise of 0.80%.
German PPI rose less than expected in February
In February, the PPI in Germany, registered a rise of 0.20% on a monthly basis, less than market expectations for a rise of 0.40%. The PPI had advanced 0.70% in the previous month.
Fed’s Evans: Fed on pace for two more rate hikes in 2017
The Chicago Federal Reserve (Fed) President, Charles Evans, stated that that the central bank is on track to raise interest rates twice more this year and it could be more or less aggressive depending on inflation and fiscal policies from the Trump Administration. He also added that four rate rises this year isn’t totally out of the realm of possibility.
US Chicago Fed national activity index climbed in February
In February, the Chicago Fed national activity index in the US rose to a level of 0.34, higher than market expectations of an advance to a level of 0.03. The Chicago Fed national activity index had recorded a revised level of -0.02 in the prior month.
Canadian wholesale sales advanced more than expected in January
In Canada, wholesale sales advanced 3.30% in January on a MoM basis, compared to a revised rise of 0.30% in the previous month. Market expectation was for wholesale sales to climb 0.50%.
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