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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK S&P Global/CIPS services PMI dropped less than anticipated in March
In the UK, the S&P Global/CIPS services PMI fell to 52.90 in March, compared to a level of 53.50 in the prior month. Market expectations were for the PMI to drop to 52.80.
Euro-zone’s S&P Global services PMI advanced less than expected in March
In the Euro-zone, the S&P Global services PMI climbed to 55.00 in March, compared to a level of 52.70 in the last month. Markets were expecting the PMI to rise to 55.60.
German factory orders rose more than expected in February
In Germany, factory orders advanced 4.80% on a MoM basis in February, compared to a revised rise of 0.50% in the previous month. Markets were expecting factory orders to rise 0.30%.
German S&P Global/BME services PMI climbed less than anticipated in March
In Germany, the S&P Global/BME services PMI rose to 53.70 in March, compared to a level of 50.90 in the last month. Markets were expecting the PMI to rise to 53.90.
US ADP employment rose less than expected in in March
In the US, ADP employment advanced by 145.00 K in March, compared to a revised level of 261.00 K jobs in the previous month. Market anticipations were for employment to rise by 200.00 K.
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