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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK three month moving average unemployment rate unexpectedly dropped in March
In the UK, the ILO unemployment rate unexpectedly declined to 4.80% in the three months to March, compared to 4.90% in the prior month. Markets were expecting the unemployment to record a steady rate of 4.90%.
UK average earnings including bonus rose less than expected in March
In the UK, the average earnings including bonus registered a rise of 4.00% on a YoY basis in March, compared to a rise of 4.50% in the previous month. Markets were expecting the average earnings to record an advance of 4.60%.
Euro-zone GDP dropped as expected in 1Q 2021
In the Euro-zone, the seasonally adjusted second estimate of GDP slid 0.60% on a QoQ basis in 1Q 2021, at par with market expectations and compared to a drop of 0.70% in previous quarter.
Euro-zone trade surplus narrowed in March
In the Euro-zone, trade surplus narrowed to €13.00 billion in March, compared to a revised surplus of €23.10 billion in the prior month.
US building permits rose in April
In the US, building permits advanced 0.30% on a MoM basis in April, compared to a revised rise of 1.70% in the prior month.
US housing starts dropped in April
In the US, housing starts fell 9.50% on a MoM basis in April, compared to a revised jump of 19.80% in the previous month.
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