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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK ILO unemployment rate rose more than anticipated in March
In the UK, the ILO unemployment rate advanced to 3.90% in the three months to March, compared to 3.80% in the prior month.
Euro-zone GDP grew as expected in 1Q23
In the Euro-zone, GDP advanced 0.1% on a QoQ basis in 1Q23, at par with market expectations and compared to a flat reading in the previous month.
Euro-zone trade balance posted an unexpected surplus in March
In the Euro-zone, trade balance posted an unexpected surplus of €17.00 billion in March, compared to a deficit of €0.10 billion in the prior month.
Euro-zone ZEW economic sentiment index dropped more than anticipated in May
In the Euro-zone, the ZEW economic sentiment index fell to -9.40 in May, compared to a level of 6.40 in the previous month. Markets were expecting the index to fall to -1.00.
German ZEW economic sentiment index declined more than expected in May
In Germany, the ZEW economic sentiment index dropped to -10.70 in May, compared to a level of 4.10 in the previous month. Market anticipations were for the index to drop to -5.30.
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