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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CBI trends selling prices dropped in May
Compared to a reading of 4.00 in the previous month, CBI trends selling prices fell to a level of 2.00 in the UK, in May.
UK balance of firms reporting total order book above normal rose surprisingly in May
The balance of firms reporting total order book above normal advanced unexpectedly to a level of -8.00 in May, in the UK, compared to a reading of -11.00 in the previous month. Market expectation was for the balance of firms reporting total order book above normal to ease to -13.00.
Euro-zone current account surplus expanded in March
The seasonally adjusted current account surplus in the Euro-zone rose to €27.30 billion in March. The Euro-zone had posted a revised current account surplus of €19.20 billion in the previous month.
Euro-zone current account surplus rose in March
The non-seasonally adjusted current account surplus in the Euro-zone rose to €32.30 billion in March. The Euro-zone had registered a revised current account surplus of €11.20 billion in the prior month.
German PPI declined more than expected in April
In Germany, the producer price index (PPI) dropped 3.10% on a YoY basis in April, higher than market expectations for a drop of 3.00%. In the prior month, the PPI had registered a similar fall.
German PPI advanced as expected in April
In April, on a monthly basis, the PPI registered a rise of 0.10% in Germany, compared to an unchanged reading in the previous month. Market anticipation was for the PPI to climb 0.10%.
Italian current account surplus expanded in March
Current account surplus in Italy widened to €2.25 billion in March, following a current account surplus of €1.38 billion in the previous month.
Spanish trade deficit dropped in March
Trade deficit in Spain narrowed to €0.76 billion in March, compared to a trade deficit of €1.76 billion in the previous month.
US existing home sales rose in April
Existing home sales rose 1.70%, on monthly basis, to a level of 5.45 million in the US, in April, higher than market expectations of 5.40 million. In the prior month, existing home sales had recorded a revised level of 5.36 million.
Canadian CPI rose as expected in April
On a monthly basis in April, the seasonally adjusted consumer price index (CPI) recorded a rise of 0.20% in Canada, compared to a similar rise in the previous month. Markets were anticipating CPI to advance 0.20%.
Canadian CPI rose as expected in April
In April, on a MoM basis, the CPI recorded a rise of 0.30% in Canada, in line with market expectations. The CPI had risen 0.60% in the prior month.
Canadian core CPI advanced more than expected in April
The core CPI in Canada rose 0.20% in April on a MoM basis, higher than market expectations for a rise of 0.10%. In the previous month, the core CPI had recorded a rise of 0.70%.
Canadian retail sales (ex-autos) dropped less than expected in March
Retail sales (ex-autos) recorded a drop of 0.30% on a monthly basis in Canada, in March, lower than market expectations for a fall of 0.40%. In the previous month, retail sales (ex-autos) had risen by a revised 0.30%.
Canadian retail sales declined more than expected in March
Retail sales in Canada recorded a drop of 1.00% on a monthly basis in March, higher than market expectations for a fall of 0.60%. In the previous month, retail sales had recorded a revised rise of 0.60%.
Canadian CPI recorded a rise in April
The CPI rose, on monthly basis, to a level of 128.30 in April, in Canada, compared to a reading of 127.90 in the prior month.
Canadian core CPI rose more than expected in April
The seasonally adjusted core CPI in Canada registered a rise of 0.20% on a monthly basis in April, compared to an advance of 0.30% in the previous month. Market anticipation was for core CPI to climb 0.10%.
Japanese exports dropped more than expected in April
In April, exports in Japan recorded a drop of 10.10% on a YoY basis, higher than market expectations for a drop of 9.90%. Exports had dropped 6.80% in the prior month.
Japanese imports dropped more than expected in April
On an annual basis, in April, imports fell 23.30% in Japan, more than market expectations for a drop of 19.20%. In the previous month, imports had dropped 14.90%.
Japanese Tokyo department store sales registered a drop in April
On an annual basis, Tokyo department store sales slid 1.50% in Japan, in April. Tokyo department store sales had registered a drop of 1.10% in the prior month.
Japanese merchandise (total) trade surplus rose in April
In April, merchandise (total) trade surplus in Japan expanded to ¥823.50 billion, from a revised merchandise (total) trade surplus of ¥754.20 billion in the previous month. Markets were anticipating the nation’s merchandise (total) trade surplus to fall to ¥540.00 billion.
Japanese convenience store sales recorded a rise in April
Convenience store sales in Japan recorded a rise of 0.90% in April on an annual basis. Convenience store sales had recorded a drop of 0.10% in the prior month.
Japanese adjusted merchandise trade surplus expanded in April
Adjusted merchandise trade surplus in Japan widened to ¥426.60 billion in April, compared to a revised adjusted merchandise trade surplus of ¥295.30 billion in the prior month. Markets were expecting the nation to record an adjusted merchandise trade surplus of ¥274.10 billion.
Japanese manufacturing PMI dropped in May
The flash manufacturing PMI registered a drop to 47.60 in Japan, in May. In the previous month, manufacturing PMI had recorded a reading of 48.20.
Japanese nationwide department store sales fell in April
In April, on an annual basis, nationwide department store sales slid 3.80% in Japan. In the prior month, nationwide department store sales had dropped 2.90%.
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