Robust Growth in UK Services Activity

The Economy

• The US housing recession is over. Read our special report.
• US macro data remains mixed and noisy.
• Canadian unemployment rate falls.
• Robust growth for UK services sector.
• Italian data softens.
• Japanese wages rise less than expected.
• The RBA remains on a hawkish hold.

Spotlight On Next Week

• US retail sales seen down slightly in January.
• UK unemployment rate to fall.
• Japan’s Q4 GDP to decline sequentially.
• Aussie employment may have bounced back.