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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK’s unemployment rate unexpectedly fell in February
In the UK, the unemployment rate unexpectedly fell to 4.90% in the three months to February, compared to 5.00% in the previous month. Markets were anticipating the unemployment rate to rise to 5.10%.
UK average earnings including bonus rose less than expected in February
In the UK, the average earnings including bonus rose 4.50% on a YoY basis in February, compared to an advance of 4.80% in the previous month. Market anticipations were for the average earnings including bonus to climb 4.80%.
Germany’s PPI climbed more than expected in March
In Germany, the PPI recorded a rise of 3.70% on a YoY basis in March, compared to a rise of 1.90% in the previous month. Market expectations were for the producer price index to climb 3.30%.
Australia’s retail sales rose more than expected in March
In Australia, the seasonally adjusted flash retail sales recorded a rise of 1.40% on a MoM basis in March, compared to a fall of 0.80% in previous month. Market anticipations were for the retail sales to climb 1.00%.
Australia’s leading index advanced in March
In Australia, the leading index rose 0.38% on a MoM basis in March, compared to 0.02% in previous month.
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