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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK average earnings including bonus advanced more than expected in the November-January 2019 period
In the UK, the average earnings including bonus climbed 3.40% on an annual basis, in the November-January 2019 period, higher than market expectations for a rise of 3.20%. In the October-December 2018 period, the average earnings including bonus had registered a revised rise of 3.50%.
UK ILO unemployment rate surprisingly fell in the November-January 2019 period
The ILO unemployment rate in the UK unexpectedly eased to 3.90% in the November-January 2019 period, compared to market expectations of a steady reading. The ILO unemployment rate stood at 4.00% in the October-December 2018 period.
Euro-zone economic sentiment index rose in March
In the Euro-zone, the economic sentiment index rose to a level of -2.50 in March, compared to a reading of -16.60 in the prior month.
German economic sentiment index advanced in March
In Germany, the economic sentiment index registered a rise to a level of -3.60 in March, compared to a reading of -13.40 in the prior month. Markets were expecting the index to advance to a level of -11.00.
US durable goods orders advanced less than expected in January
On a MoM basis, the final durable goods orders in the US rose 0.30% in January, less than market expectations for an advance of 0.40%. Durable goods orders had advanced 1.20% in the previous month.
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