Guardian Stockbrokers Key Economic News Wednesday 15 March 2023

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

UK average earnings including bonuses rose as expected in January

In the UK, average earnings including bonuses climbed 5.70% in the three months to January, at par with market expectations and compared to a revised rise of 6.00% in the prior month.

UK ILO unemployment rate remained unchanged in January

In the UK, the ILO unemployment rate remained unchanged at 3.70% in January. Markets were expecting the unemployment rate to rise to 3.80%.

US CPI climbed as expected in February

In the US, the CPI rose 6.00% on a YoY basis in February, at par with market anticipations and compared to a rise of 6.40% in the previous month.

US NFIB business optimism index advanced in February

In the US, the NFIB business optimism index rose to 90.90 in February, compared to a level of 90.30 in the last month.

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