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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI unexpectedly rose in April
In the UK, the preliminary manufacturing PMI unexpectedly climbed to 55.30 in April, compared to a level of 55.20 in the prior month. Markets were expecting the manufacturing PMI to fall to 54.00.
UK retail sales dropped more than expected in March
In the UK, retail sales declined 1.4% on a MoM basis in March, compared to a revised drop of 0.5% in the previous month. Markets were expecting retail sales to record a drop of 0.3%.
Euro-zone manufacturing PMI dropped less than anticipated in April
In the Euro-zone, the flash manufacturing PMI fell to a level of 55.30 in April, compared to a reading of 56.50 in the previous month. Markets were expecting the manufacturing PMI to record a fall to 54.70.
German manufacturing PMI fell more than expected in April
In Germany, the preliminary manufacturing PMI dropped to 54.10 in April, compared to a reading of 56.90 in the previous month. Markets were expecting the manufacturing PMI to record a drop to a level of 54.50.
US Markit manufacturing PMI unexpectedly rose in April
In the US, the flash Markit manufacturing PMI registered a rise to 59.70 in April, compared to a level of 58.80 in the previous month. Markets were expecting the manufacturing PMI to drop to 58.20.
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