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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone industrial production declined less than expected in March
In the Euro-zone, industrial production fell 1.80% in March, compared to a revised rise of 0.50% in the prior month. Markets anticipations were for industrial production to fall 2.0%.
US consumer sentiment index dropped more than expected in May
In the US, the consumer sentiment index fell to a reading of 59.10 in May, compared to a level of 65.20 in the previous month. Markets were anticipating the index to fall to 64.00.
China industrial production unexpectedly dropped in April
In China, industrial production unexpectedly declined 2.90% on a YoY basis in April, compared to a rise of 5.00% in the previous month. Markets were expecting industrial production to rise 0.70%.
China retail sales fell more than expected in April
In China, retail sales dropped 11.1% on a YoY basis in April, compared to a drop of 3.50% in the prior month. Markets expectations were for retail sales to fall 6.00%
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