Guardian Stockbrokers Key Economic News Thursday 13 May 2021

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

UK GDP dropped less than expected in 1Q 2021

In the UK, GDP recorded a drop of 1.5% on a QoQ basis in 1Q 2021, compared to a rise of 1.3% in the previous quarter. Markets were expecting the GDP to record a drop advance of 1.60%.

UK industrial production rose more than expected in March

In the UK, industrial production recorded a rise of 1.80% on a MoM basis in March, compared to a rise of 1.00% in the prior month. Markets were expecting the industrial production to record an advance of 1.00%.

German CPI rose as expected in April

In Germany, the final CPI recorded a rise of 2.00% on a YoY basis in April, compared to an advance of 1.70% in the previous month. Market expectations were for the CPI to rise 2.00%.

Euro-zone industrial production advanced less than expected in March

In the Euro-zone, the seasonally adjusted industrial production advanced 0.10% on a MoM basis in March, compared to a revised fall of 1.20% in the previous month. Markets were expecting the industrial production to record an advance of 0.70%.

US CPI advanced more than expected in April

In the US, the CPI climbed 4.20% on a YoY basis in April, compared to an advance of 2.60% in the prior month. Market anticipations were for the CPI to record a rise of 3.60%.

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