Guardian Stockbrokers Key Economic News Thursday 19 May 2022

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

UK CPI advanced less than expected in April

In the UK, the CPI jumped 9.00% on a YoY basis in April, compared to a rise of 7.00% in the previous month. Markets were expecting the index to rise 9.10%.

UK DCLG house price index climbed in April

In the UK, the DCLG house price index climbed 9.80% on a YoY basis in April, compared to a revised rise of 11.30% in the prior month.

Euro-zone’s CPI advanced less than expected in April

In the Euro-zone, the CPI climbed 7.40% on a YoY basis in April, compared to a similar rise in the previous month. Markets were expecting the CPI to rise 7.50%.

US housing starts unexpectedly dropped in April

In the US, housing starts unexpectedly fell 0.20% on a MoM basis in April, compared to a revised drop of 2.80% in the previous month. Markets anticipations were for housing starts to record a rise of 0.30%.

US building permits unexpectedly fell in April

In the US, building permits declined 3.20% on a MoM basis in April, compared to a revised rise of 1.20% in the prior month. Markets were anticipating building permits to rise 1.00%.

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