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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK house prices rose less than expected in April
In April, the seasonally adjusted house prices rose 0.20% in the UK, on a monthly basis, lower than market expectations for a rise of 0.40%. House prices had registered a revised rise of 0.70% in the prior month.
UK consumer confidence slid in April
The consumer confidence fell to a level of -3.00 in the UK, in April, compared to a reading of 0.00 in the previous month. Market expectation was for the consumer confidence to fall to a level of -1.00.
UK house prices rose less than expected in April
In April, on an annual basis, the non-seasonally adjusted house prices climbed 4.90% in the UK, lower than market expectations for an advance of 5.00%. In the previous month, house prices had risen 5.70%.
UK business barometer fell in April
The business barometer recorded a drop to 38.00 in the UK, in April, compared to a reading of 43.00 in the previous month.
Euro-zone business climate indicator climbed in April
The business climate indicator registered a rise to 0.13 in April, in the Euro-zone, compared to market expectations of a rise to a level of 0.14. In the previous month, the business climate indicator had registered a revised level of 0.12.
Euro-zone industrial confidence index climbed in April
In April, the industrial confidence index registered a rise to -3.70 in the Euro-zone, compared to market expectations of an advance to -4.00. In the prior month, the industrial confidence index had registered a level of -4.20.
Euro-zone services sentiment indicator rose in April
The services sentiment indicator registered a rise to 11.50 in April, in the Euro-zone, compared to a reading of 9.60 in the prior month. Markets were expecting the services sentiment indicator to advance to a level of 10.00.
Euro-zone economic sentiment indicator climbed in April
The economic sentiment indicator recorded a rise to 103.90 in the Euro-zone, in April, compared to a level of 103.00 in the prior month. Markets were expecting the economic sentiment indicator to climb to 103.40.
Euro-zone consumer confidence index climbed in April
In April, the final consumer confidence index in the Euro-zone advanced to -9.30, in line with market expectations. The preliminary figures had also indicated an advance to -9.30. In the previous month, the consumer confidence index had registered a reading of -9.70.
German CPI advanced as expected in April
The flash consumer price index (CPI) in Germany registered a rise of 0.10% on an annual basis in April, compared to a rise of 0.30% in the prior month. Market expectation was for the CPI to climb 0.10%.
German HICP dropped more than expected in April
In April, on a monthly basis, the flash harmonised consumer price index (HICP) recorded a drop of 0.30% in Germany, higher than market expectations for a drop of 0.20%. In the prior month, the HICP had recorded a rise of 0.80%.
German number of people unemployed surprisingly eased in April
The number of people unemployed registered an unexpected drop of 16.00 K in Germany in April, compared to a revised drop of 2.00 K in the prior month. Markets were expecting the number of people unemployed to remain unchanged.
German unemployment rate remained unchanged in April
In April, the seasonally adjusted unemployment rate in Germany remained steady at 6.20%, in line with market expectations.
German HICP unexpectedly fell in April
On an annual basis, the preliminary HICP registered an unexpected drop of 0.10% in April, in Germany, compared to a rise of 0.10% in the prior month. Market anticipation was for the HICP to record an unchanged reading.
German CPI dropped as expected in April
The flash CPI recorded a drop of 0.20% on a MoM basis in April, in Germany, in line with market expectations. In the previous month, the CPI had registered a rise of 0.80%.
Italian wage inflation slid in March
The wage inflation dropped to 0.00% in Italy, in March. The wage inflation had registered a reading of 0.10% in the previous month.
Italian annual wage inflation remained flat in March
The annual wage inflation remained unchanged at a level of 0.80% in March, in Italy.
Spanish CPI advanced less than expected in April
The flash CPI in Spain recorded a rise of 0.70% on a monthly basis in April, less than market expectations for an advance of 1.10%. In the previous month, the CPI had recorded a rise of 0.60%.
Spanish CPI declined more than expected in April
In April, on an annual basis, the flash CPI in Spain fell 1.10%, compared to a fall of 0.80% in the prior month. Market anticipation was for the CPI to fall 0.70%.
Spanish unemployment rate (survey) climbed unexpectedly in 1Q 2016
In 1Q 2016, unemployment rate (survey) advanced unexpectedly to a level of 21.00% in Spain, compared to market expectations of an unchanged reading. Unemployment rate (survey) had recorded a reading of 20.90% in the prior quarter.
Spanish HICP advanced less than expected in April
The preliminary HICP in Spain registered a rise of 0.40% in April on a MoM basis, less than market expectations for a rise of 0.80%. The HICP had recorded a rise of 2.00% in the previous month.
Spanish HICP dropped more than expected in April
In April, on an annual basis, the flash HICP recorded a drop of 1.20% in Spain, more than market expectations for a fall of 0.90%. In the previous month, the HICP had registered a drop of 1.00%.
US GDP price index advanced more than expected in 1Q 2016
On a QoQ basis, in 1Q 2016, the preliminary gross domestic product price index registered a rise of 0.70% in the US, compared to an advance of 0.90% in the prior quarter. Markets were expecting the GDP price index to advance 0.50%.
US Kansas City Fed manufacturing activity index registered a rise in April
The Kansas City Fed manufacturing activity index in the US advanced to -4.00 in April, compared to a level of -6.00 in the prior month.
US initial jobless claims recorded a rise in the last week
In the week ended 23 April 2016, the seasonally adjusted initial jobless claims in the US rose to a level of 257.00 K, compared to market expectations of a rise to 259.00 K. In the previous week, initial jobless claims had recorded a revised level of 248.00 K.
US core personal consumption expenditure advanced more than expected in 1Q 2016
On a quarterly basis, the flash core personal consumption expenditure in the US registered a rise of 2.10% in 1Q 2016, higher than market expectations for a rise of 1.90%. In the prior quarter, core personal consumption expenditure had advanced 1.30%.
US annualised GDP rose less than expected in 1Q 2016
On a QoQ basis, the preliminary annualised gross domestic product (GDP) in the US recorded a rise of 0.50% in 1Q 2016, compared to an advance of 1.40% in the prior quarter. Market expectation was for the annualised GDP to advance 0.70%.
US continuing jobless claims slid unexpectedly in the last week
In the week ended 16 April 2016, the seasonally adjusted continuing jobless claims in the US dropped unexpectedly to a level of 2130.00 K, lower than market expectations of an advance to a level of 2136.00 K. Continuing jobless claims had recorded a revised reading of 2135.00 K in the prior week.
US personal consumption advanced more than expected in 1Q 2016
On a quarterly basis, the flash personal consumption recorded a rise of 1.90% in the US, in 1Q 2016, compared to an advance of 2.40% in the previous quarter. Markets were expecting personal consumption to advance 1.70%.
Japanese housing starts climbed unexpectedly in March
Housing starts in Japan recorded an unexpected rise of 8.40% in March on an annual basis, more than market expectations for a drop of 0.60%. In the prior month, housing starts had recorded a rise of 7.80%.
Japanese construction orders advanced in March
Construction orders in Japan climbed 19.80% in March on a YoY basis. Construction orders had registered a drop of 12.40% in the previous month.
Japanese annualised housing starts climbed surprisingly in March
In March, the annualised housing starts in Japan recorded an unexpected rise to 0.99 million units, compared to market expectations of a drop to 0.91 million units. In the previous month, the annualised housing starts had registered a reading of 0.97 million units.
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