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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German factory orders unexpectedly dropped in January
In Germany, the seasonally adjusted factory orders unexpectedly fell 2.60% on a monthly basis in January, compared to a drop of 1.60% in the prior month. Market anticipation was for factory orders to climb 0.50%.
US housing starts rose in January
Housing starts in the US advanced 18.60%, on MoM basis, in January, to an annual rate of 1230.00 K, compared to market expectations of 1195.00 K. Housing starts had registered a revised level of 1037.00 K in the prior month.
Non-farm payrolls in the US advanced in February
Non-farm payrolls in the US advanced by 20.00 K in February, compared to a revised increase of 311.00 K in the prior month. Markets were anticipating non-farm payrolls to advance 180.00 K.
US unemployment rate declined in February
In the US, unemployment rate fell to a level of 3.80% in February, compared to market expectations of a fall to 3.90%. Unemployment rate had registered a level of 4.00% in the prior month.
US building permits unexpectedly advanced in January
Building permits in the US unexpectedly advanced by 1.40%, on MoM basis, to an annual rate of 1345.00 K, in January, compared to market expectations of 1287.00 K. In the previous month, building permits had recorded a level of 1326.00 K.
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