The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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UK CBI distributive trade survey’s retail sales balance climbed in May
In the UK, the CBI distributive trade survey’s retail sales balance climbed to 7.00% in May, lower than market expectations of a rise to 8.00%. In the prior month, the CBI distributive trade survey’s retail sales balance had recorded a level of 13.00%.
UK public sector net borrowing unexpectedly showed deficit in April
In the UK, the public sector net borrowing has unexpectedly reported a deficit £6.60 billion in April, as compared to a revised deficit of £6.10 billion in the prior month. Markets were expecting public sector net borrowing to report a deficit of £5.80 billion.
UK public sector net borrowing unexpectedly reported deficit in April
The public sector net borrowing (excluding temporary effects of financial interventions) has unexpectedly reported a deficit £7.20 billion in April, in the UK, following a revised deficit of £6.70 billion in the prior month. Markets were expecting public sector net borrowing to show a deficit of £6.40 billion.
UK public sector net cash requirement recorded a surplus in April
In the UK, in April, public finances (public sector net cash requirement) has posted a surplus £2.40 billion, following a revised deficit of £17.80 billion in the prior month.
Euro-zone economic sentiment index fell in May
The economic sentiment index in the Euro-zone recorded a drop to 16.80 in May. The economic sentiment index had registered a reading of 21.50 in the previous month.
German GDP rose as expected in 1Q 2016
The seasonally adjusted final gross domestic product (GDP) in Germany registered a rise of 0.70% in 1Q 2016 on a quarterly basis, meeting market expectations. In the previous quarter, GDP had recorded a rise of 0.30%. The preliminary figures had also recorded an advance of 0.70%.
German economic sentiment index registered a surprise drop in May
In May, the economic sentiment index recorded an unexpected drop to 6.40 in Germany, compared to market expectations of an advance to a level of 12.00. The economic sentiment index had registered a reading of 11.20 in the previous month.
German current situation index climbed in May
The current situation index rose to a level of 53.10 in May, in Germany, higher than market expectations of a rise to a level of 49.00. The current situation index had recorded a reading of 47.70 in the previous month.
German private consumption advanced less than expected in 1Q 2016
Private consumption recorded a rise of 0.40% on a QoQ basis in 1Q 2016, in Germany, compared to a revised similar rise in the previous quarter. Markets were anticipating private consumption to climb 0.60%.
German domestic demand advanced less than expected in 1Q 2016
In 1Q 2016, on a quarterly basis, domestic demand in Germany rose 0.80%, less than market expectations for an advance of 0.90%. Domestic demand had registered a revised rise of 0.90% in the previous quarter.
German GDP rose as expected in 1Q 2016
On an annual basis, the working day adjusted final GDP climbed 1.60% in Germany, in 1Q 2016, in line with market expectations. In the prior quarter, GDP had registered a rise of 1.30%. The preliminary figures had also recorded a rise of 1.60%.
German construction investment rose more than expected in 1Q 2016
In Germany, construction investment recorded a rise of 2.30% on a quarterly basis in 1Q 2016, more than market expectations for an advance of 1.50%. Construction investment had risen by a revised 2.00% in the prior quarter.
German capital investment rose more than expected in 1Q 2016
In Germany, capital investment rose 1.80% on a quarterly basis in 1Q 2016, compared to a revised rise of 1.40% in the prior quarter. Markets were expecting capital investment to advance 1.40%.
German government spending advanced less than expected in 1Q 2016
Government spending registered a rise of 0.50% in Germany on a QoQ basis in 1Q 2016, lower than market expectations for a rise of 0.80%. Government spending had recorded a revised rise of 0.90% in the prior quarter.
German imports advanced more than expected in 1Q 2016
On a quarterly basis, in Germany, imports climbed 1.40% in 1Q 2016, higher than market expectations for an advance of 1.00%. Imports had registered a rise of 0.50% in the previous quarter.
German GDP advanced as expected in 1Q 2016
On a YoY basis in 1Q 2016, the non-seasonally adjusted final GDP advanced 1.30% in Germany, meeting market expectations. In the previous quarter, GDP had registered a rise of 2.10%. The preliminary figures had also indicated an advance of 1.30%.
German exports rose more than expected in 1Q 2016
In 1Q 2016, on a QoQ basis, exports climbed 1.00% in Germany, higher than market expectations for a rise of 0.50%. Exports had recorded a drop of 0.60% in the previous quarter.
French industrial business climate index rose surprisingly in May
The industrial business climate index rose unexpectedly to a level of 102.00 in May, in France, compared to market expectations of a steady reading. The industrial business climate index had recorded a reading of 101.00 in the previous month.
Swiss trade surplus widened in April
Trade surplus in Switzerland rose to CHF2.50 billion in April, from a revised trade surplus of CHF2.18 billion in the previous month.
Swiss imports registered a drop in April
In April, on a MoM basis, imports recorded a drop of 3.10% in Switzerland. In the previous month, imports had registered a revised rise of 8.60%.
Swiss exports rose in April
Exports rose 0.30% in Switzerland on a monthly basis, in April. Exports had fallen by a revised 0.50% in the previous month.
US new home sales unexpectedly rose in April
New home sales unexpectedly advanced by 16.60%, on monthly basis, to a level of 619.00 K in April, in the US, compared to a revised level of 531.00 K in the prior month. Market expectation was for new home sales to drop to 523.00 K.
US Richmond Fed manufacturing index fell in May
Compared to a reading of 14.00 in the previous month the Richmond Fed manufacturing index dropped to -1.00 in May, in the US. Markets were anticipating the Richmond Fed manufacturing index to ease to 8.00.
Chinese leading economic index climbed in April
The leading economic index rose 0.10% on a monthly basis in China, in April. The leading economic index had registered a revised rise of 0.30% in the previous month.
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