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Guardian Stockbrokers Key Economic News Wednesday 16 May 2018

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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Number of unemployment benefits claimants in the UK rose in April

Number of unemployment benefits claimants advanced by 31.20K in the UK, in April, following a revised advance of 15.70K in the previous month.

UK ILO unemployment rate remained steady in the January-March 2018 period

The ILO unemployment rate remained steady at 4.20% in the January-March 2018 period, in the UK. Markets were expecting the ILO unemployment rate to remain unchanged.

Euro-zone GDP advanced as expected in 1Q 2018

On a YoY basis, the seasonally adjusted preliminary gross domestic product (GDP) advanced 2.50% in 1Q 2018, in the Euro-zone, meeting market expectations. In the prior quarter, GDP had registered a similar rise.

US advance retail sales rose as expected in April

US advance retail sales rose 0.30% in April, on a monthly basis, in line with market expectations. In the previous month, advance retail sales had risen by a revised 0.80%.

Japanese GDP unexpectedly eased in 1Q 2018

In 1Q 2018, on a quarterly basis, the flash GDP unexpectedly eased 0.20% in Japan, less than market expectations for an unchanged reading. GDP had recorded a rise of 0.40% in the previous quarter.

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