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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GfK consumer confidence rose more than expected in April
In the UK, the GfK consumer confidence advanced to -30.00 in April, compared to a level of -36.00 in the previous month. Markets were expecting the consumer confidence index to rise to -35.00.
Euro-zone trade deficit unexpectedly narrowed in February
In the Euro-zone, trade deficit unexpectedly narrowed to €0.10 billion in February, compared to a revised deficit of €11.60 billion.
Euro-zone consumer confidence rose more than anticipated in April
In the Euro-zone, the consumer confidence index advanced to -17.50 in April, compared to a level of -19.20 in the prior month. Markets were expecting consumer confidence to rise to -18.50.
German PPI advanced less than expected in March
In Germany, the PPI rose 7.50% on a YoY basis in March, compared to a rise of 15.80% in the previous month. Market expectations were for the index to rise 9.80%.
US initial jobless claims climbed in the week ended 14 April 2023
In the US, initial jobless claims advanced to 245.00 K in the week ended 14 April 2023, compared to a revised level of 240.00 K in the prior week.
US Philadelphia Fed manufacturing unexpectedly dropped in April
In the US, the Philadelphia Fed manufacturing unexpectedly fell to -31.30 in April, compared to a level of -23.20 in the previous month.
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