The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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US consumer sentiment index dropped more than expected in May
In the US, the consumer sentiment index fell to 58.40 in May, compared to a reading of 65.20 in the prior month. Markets were expecting the index to drop to a level of 59.10.
US goods trade deficit narrowed in April
In the US, goods trade deficit narrowed to $105.90 billion in April, compared to a revised deficit of $125.9 billion in the previous month.
US personal income advanced less than anticipated in April
In the US, personal income rose 0.40% on a MoM basis in April, compared to a rise of 0.50% in the previous month. Markets were anticipating personal income to record a rise of 0.50%.
US personal spending climbed more than expected in April
In the US, personal spending advanced 0.90% in April, compared to a revised rise of 1.40% in the prior month. Markets were expecting personal spending to record a rise of 0.70%
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