Market Talk – Wednesday, March 24

Some economic news from Europe today:

UK:

Composite PMI (Mar) increased from 49.6 to 56.6

Manufacturing PMI (Mar) increased from 55.1 to 57.9

Services PMI (Mar) increased from 49.5 to 56.8

Core CPI (YoY) (Feb) decreased from 1.4% to 0.9%

Core CPI MoM (MoM) (Feb) increased from -0.5% to 0.0%

Core PPI Output (MoM) (Feb) decreased from 0.5% to 0.1%

Core PPI Output (YoY) (Feb) decreased from 1.5% to 1.4%

Core RPI (MoM) (Feb) increased from -0.3% to 0.5%

Core RPI (YoY) (Feb) remain the same at 1.6%

CPI (YoY) (Feb) decreased from 0.7% to 0.4%

CPI (MoM) (Feb) increased from -0.2% to 0.1%

CPI, n.s.a (Feb) increased from 109.00 to 109.10

PPI Input (YoY) (Feb) increased from 1.6% to 2.6%

PPI Input (MoM) (Feb) decreased from 1.0% to 0.6%

PPI Output (YoY) (Feb) increased from 0.1% to 0.9%

PPI Output (MoM) (Feb) decreased from 0.8% to 0.6%

RPI (MoM) (Feb) increased from -0.3% to 0.5%

RPI (YoY) (Feb) remain the same at 1.4%

France:

French Manufacturing PMI (Mar) increased from 56.1 to 58.8

French Markit Composite PMI (Mar) increased from 47.0 to 49.5

French Services PMI (Mar) increased from 45.6 to 47.8

Germany:

German Composite PMI (Mar) increased from 51.1 to 56.8

German Manufacturing PMI (Mar) increased from 60.7 to 66.6

German Services PMI (Mar) increased from 45.7 to 50.8

Euro Zone:

Manufacturing PMI (Mar) increased from 57.9 to 62.4

Markit Composite PMI (Mar) increased from 48.8 to 52.5

Services PMI (Mar) increased from 45.7 to 48.8

Consumer Confidence (Mar) increased from -14.8 to -10.8

US/AMERICAS:

Nearly 200 companies have reached out to the US Congress with the hope of passing a paid family leave program. The US is currently the only developed nation that does not provide any relief for new parents, according to the Organization for Economic Cooperation and Development. Prior attempts have been made to enact legislation, but, unsurprisingly, both parties were unable to agree on a final bill. In a joint letter to Congress, the letter is asking lawmakers to provide American workers “time to welcome a newly arrived child, time to care for a seriously ill family member, and time to care for one’s own serious illness.” Furthermore, the letter states that enacting such measures could prevent women from leaving the workplace after childbirth, or an unexpected pandemic, as over 2 million women were forced to quit their jobs to tend to children.

View single page >> |

Disclosure: None.

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.