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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction PMI unexpectedly dropped in April
In the UK, the construction PMI unexpectedly fell to a level of 61.60 in April, compared to a reading of 61.70 in the previous month. Markets were expecting the construction PMI to rise to 62.30.
German industrial production rose more than expected in March
In Germany, the seasonally adjusted industrial production recorded a rise of 2.50% on a MoM basis, in March, compared to a revised drop of 1.90% in the prior month. Markets were expecting the industrial production to record a rise of 2.30%.
US non-farm payrolls rose less than expected in April
In the US, non-farm payrolls registered a rise of 266.00K in April, compared to a revised increase of 770.00K jobs in the prior month. Markets were expecting the non-farm payrolls to record an advance of 978.00K jobs.
US unemployment rate unexpectedly rose in April
In the US, the unemployment rate unexpectedly rose to 6.10% in April, compared to a rate of 6.00% in the prior month. Markets were expecting the unemployment rate to record a fall to 5.80%.
US average hourly earnings of all employees unexpectedly rose in April
In the US, average hourly earnings of all employees recorded a rise of 0.30% on a YoY basis in April, compared to a rise of 4.20% in the prior month. Markets were expecting the average hourly earnings to record a drop of 0.40%.
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