lundi 23 mars 2015
3 Numbers: Upbeat UK industrial trend, US home sales, EU consumer mood
Posted on 00:05 by nice news
An early clue of Britain’s economic trend for March is on deck today with the monthly update of the CBI Industrial Trends Survey. Later, the the monthly release of US existing home sales will focus attention on the weak housing market. In addition, the European Commission publishes its initial estimate for this month's Eurozone consumer sentiment data.
UK: CBI Industrial Trends Survey (11:00 GMT) Last week’s update on the labour market reminds us that the economic trend remains upbeat. The employment rate – the number of people working – is currently 73.3%, the highest level since the early 1970s. Meantime, wages ex-bonuses increased 1.7% for the three months through December vs. the year-earlier period, well above the annual 0.3% inflation rate. Meantime, the number of workers filing for jobless benefits continued to fall at a brisk pace, dipping to a seven-year low last month. Yes, there are risks lurking in the future for the UK, including the potential for blowback turbulence from Europe if Greece leaves the currency union. But today’s survey numbers that track the mood among UK manufacturing executives will likely provide more upbeat news.
UK: CBI Industrial Trends Survey (11:00 GMT) Last week’s update on the labour market reminds us that the economic trend remains upbeat. The employment rate – the number of people working – is currently 73.3%, the highest level since the early 1970s. Meantime, wages ex-bonuses increased 1.7% for the three months through December vs. the year-earlier period, well above the annual 0.3% inflation rate. Meantime, the number of workers filing for jobless benefits continued to fall at a brisk pace, dipping to a seven-year low last month. Yes, there are risks lurking in the future for the UK, including the potential for blowback turbulence from Europe if Greece leaves the currency union. But today’s survey numbers that track the mood among UK manufacturing executives will likely provide more upbeat news.
3 Numbers: Upbeat UK industrial trend, US home sales, EU consumer mood
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