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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone industrial production declined less than expected in February
In the Euro-zone, the seasonally adjusted industrial production registered a drop of 0.10% on a MoM basis in February, compared to a rise of 2.30% in the prior month. Markets were expecting the industrial production to drop 0.20%.
German CPI climbed in March
In Germany, the final consumer price index (CPI) climbed 1.40% on a YoY basis in March, compared to a rise of 1.70% in the previous month. Markets were expecting the CPI to record a rise of 1.40%.
US building permits dropped in March
In the US, building permits dropped to a level of 1353.00 K in March. In the prior month, building permits had recorded a revised level of 1452.00 K.
US housing starts dropped in March
In the US, housing starts declined to a level of 1216.00 K in March. In the prior month, housing starts had recorded a revised reading of 1564.00 K.
US initial jobless claims declined in the last week
In the US, the seasonally adjusted number of initial jobless claims dropped to a level of 5245.00 K in week ended 11 April 2020, compared to a revised level of 6615.00 K in the previous week. Market anticipations were for number of initial jobless claims to fall to a level of 5500.00 K.
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