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.


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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