From Eurozone, yesterday, French payroll employment figures were released. In Q4 2017, net payroll job creation reached 72,700, that is an increase of +0.3% after an increase of +0.2% in the previous quarter. Payroll employment increased by 82,300 in the private sector while it decreased by 9,600 in the public sector because of the decline in the number of subsidised employment contracts. Year on year, it rose by 268,800 net jobs (+1.1%): 277,700 jobs were created in the private sector and 8,900 jobs were destroyed in the public service.
In the US session CPI data was published. The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in February on a seasonally adjusted basis after rising 0.5 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months,nthe all items index rose 2.2 percent before seasonal adjustment. The indexes for shelter, apparel, and motor vehicle insurance all rose and contributed to the 1-month seasonally adjusted increase in the all items index. The food index was unchanged in February, as a decline in the index for food at home offset an increase in the food away from home index.
There will be no major data releases from Eurozone tomorrow. In the US session Retail Sales and PPI figures will be released. Analysts predict 0.1% increase in PPI and 0.3% growth in Retail Sales.
Figures to watch:
PPI (Wednesday 14:30)
Retail Sales (Wednesday 14:30)