The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CPI advanced less than expected in March
In the UK, the consumer price index (CPI) rose 1.90% in March on an annual basis, less than market expectations for an advance of 2.00%. The CPI had registered a similar rise in the prior month.
UK house price index climbed less than expected in March
On a YoY basis, the house price index in the UK recorded a rise of 0.60% in March, lower than market expectations for an advance of 1.20%. In the previous month, the house price index had advanced 1.70%.
Euro-zone trade surplus rose in February
The seasonally adjusted trade surplus in the Euro-zone widened to €19.50 billion in February, compared to a revised trade surplus of €17.40 billion in the prior month.
Euro-zone CPI advanced as expected in March
In the Euro-zone, the CPI climbed 1.00% on a monthly basis in March, meeting market expectations. In the previous month, the CPI had risen 0.30%.
US economy growing at modest-to-moderate pace, indicates Beige Book survey
According to the US Federal Reserve’s latest Beige Book report, economic activity across all 12 regions grew at a modest-to-moderate pace in March and early April. Meanwhile, the report indicated that the labour market remained tight across the nation, amid lack of availability of skilled workers.
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