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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI rose in February
In the UK, the final manufacturing PMI recorded a rise to 55.10 in February, compared to a level of 54.10 in the prior month. Markets were expecting the manufacturing PMI to record an advance to 54.90.
Euro-zone manufacturing PMI advanced in February
In the Eurozone, the final manufacturing PMI climbed to 57.90 in February, compared to a reading of 54.80 in the previous month. Markets were expecting the manufacturing PMI to record an advance to a level of 57.70.
German CPI advanced more than expected in February
In Germany, the preliminary consumer price index (CPI) registered a rise of 1.30% on a YoY basis in February, compared to a rise of 1.00% in the previous month. Markets were anticipating the CPI to advance 1.20%.
German manufacturing PMI rose in February
In Germany, the final manufacturing PMI rose to a level of 60.70 in February, compared to a level of 57.10 in the previous month. Markets were expecting the manufacturing PMI to record an advance to a level of 60.60.
US ISM manufacturing activity index advanced in February
In the US, the ISM manufacturing activity index jumped to a level of 60.80 in February, compared to a reading of 58.70 in the prior month. Markets were anticipating the index to climb to a level of 58.80.
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