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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction PMI fell less than expected in April
In the UK, the construction PMI fell to 58.20 in April, compared to a level of 59.10 in the previous month. Markets were expecting the construction PMI to drop to a level of 58.00.
German industrial production dropped more than expected in March
In Germany, industrial production fell 3.90% on a MoM basis in March, compared to a revised rise of 0.10% in the previous month. Markets were expecting industrial production to fall 1.00%.
US nonfarm payrolls climbed more than expected in April
In the US, nonfarm payrolls advanced by 428.00 K in April, compared to a revised level of 428.00 K jobs in the previous month. Markets were expecting nonfarm payrolls to rise by 391.00 K.
US unemployment rate remained unchanged in April.
In the US, the unemployment rate remained steady at 3.60% in April. Markets were expecting the unemployment rate to fall to 3.50%.
US average hourly earnings advanced less than expected in April
In US, average hourly earnings registered a rise of 0.30% on a MoM basis in April, compared to a revised rise of 0.50% in the previous month. Markets were expecting average hourly earnings to record an advance of 0.40%.
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