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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Nationwide housing prices unexpectedly rose in April
In the UK, the Nationwide housing prices unexpectedly advanced 0.50% on a MoM basis in April, compared to a revised fall of 0.70% in the prior month.
UK S&P Global/CIPS manufacturing PMI fell less than expected in April
In the UK, the S&P Global/CIPS manufacturing PMI fell to 47.80 in April, compared to a level of 47.90 in the previous month. Markets were expecting the PMI to fall to 46.00.
Euro-zone HCOB manufacturing PMI dropped less than expected in April
In the Euro-zone, the HCOB manufacturing PMI declined to 45.80 in April, compared to a level of 47.30 in the prior month. Market anticipations were for the PMI to drop to 45.50.
German retail sales unexpectedly fell in March
In Germany, retail sales unexpectedly dropped 2.40% on MoM basis in March, compared to a fall of 1.30% in the prior month.
German HCOB manufacturing PMI fell less than anticipated in April
In Germany, the HCOB manufacturing PMI declined to 44.50 in April, compared to a level of 44.70 in the previous month. Markets were expecting the PMI to drop to 44.00.
US factory orders climbed more than expected in March
In the US, factory orders advanced 0.90% on a MoM basis in March, compared to a revised fall of 1.10% in the prior month. Markets were expecting factory orders to rise 0.80%.
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