Hot Features
Premium
Trade smarter, not harder: Unleash your inner pro with our toolkit and live discussions.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI dropped in April
In the UK, the final manufacturing PMI registered a drop to a reading of 32.60 in April, compared to a level of 47.80 in the previous month. Markets were anticipating the manufacturing PMI to drop to a level of 32.80.
UK net consumer credit dropped in March
In the UK, net consumer credit registered a drop of £3.80 billion in March. In the prior month, net consumer credit had recorded a rise of £0.88 billion.
UK number of mortgage approvals for house purchases declined in March
In the UK, the number of mortgage approvals for house purchases dropped to a level of 56.20 K in March, compared to a revised reading of 73.70 K in the previous month. Markets were expecting number of mortgage approvals for house purchases to ease to a level of 60.00 K.
US manufacturing PMI fell in April
In the US, the final manufacturing PMI recorded a drop to a level of 36.10 in April, compared to a reading of 48.50 in the prior month. Market expectations were for the manufacturing PMI to drop to 36.90.
US construction spending unexpectedly rose in March
In the US, construction spending registered a rise of 0.90% on a MoM basis in March, compared to a revised drop of 2.50% in the previous month. Markets were expecting construction spending to record a fall of 3.50%.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
