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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK business barometer slid in May
In the UK, the business barometer fell to a level of 32.00 in May, compared to a level of 38.00 in the prior month.
Euro-zone consumer confidence index rose in May
The final consumer confidence index in the Euro-zone registered a rise to -7.00 in May, in line with market expectations. The consumer confidence index had recorded a level of -9.30 in the previous month. The preliminary figures had also indicated a rise to -7.00.
Euro-zone business climate indicator climbed in May
The business climate indicator rose to a level of 0.26 in the Euro-zone, in May, compared to a revised level of 0.15 in the previous month. Market expectation was for the business climate indicator to rise to a level of 0.17.
Euro-zone services sentiment indicator recorded a drop in May
In May, the services sentiment indicator in the Euro-zone fell to a level of 11.30, in line with market expectations. The services sentiment indicator had registered a revised reading of 11.70 in the prior month.
Euro-zone industrial confidence index remained steady in May
In May, the industrial confidence index in the Euro-zone remained flat at -3.60, higher than market expectations of a rise to a level of -3.50.
Euro-zone economic sentiment indicator climbed in May
In the Euro-zone, the economic sentiment indicator rose to a level of 104.70 in May, compared to a revised reading of 104.00 in the prior month. Market anticipation was for the economic sentiment indicator to climb to 104.40.
German HICP advanced more than expected in May
In May, the preliminary harmonised consumer price index (HICP) in Germany rose 0.40% on a MoM basis, more than market expectations for a rise of 0.30%. In the prior month, the HICP had registered a drop of 0.50%.
German CPI advanced as expected in May
In May, the flash consumer price index (CPI) rose 0.30% on a monthly basis in Germany, compared to a fall of 0.40% in the prior month. Market anticipation was for the CPI to climb 0.30%.
German HICP remained unchanged in May
In May, the preliminary HICP remained unchanged on a YoY basis in Germany, compared to a fall of 0.30% in the previous month. Market anticipation was for the HICP to drop 0.10%.
German CPI rose as expected in May
In May, the flash CPI recorded a rise of 0.10% in Germany on a YoY basis, at par with market expectations. In the previous month, the CPI had recorded a drop of 0.10%.
German import price index dropped more than expected in April
On an annual basis, the import price index dropped 6.60% in April, in Germany, compared to a drop of 5.90% in the previous month. Markets were anticipating the import price index to fall 6.20%.
German import price index unexpectedly slid in April
On a MoM basis, the import price index in Germany unexpectedly dropped 0.10% in April, lower than market expectations for an advance of 0.40%. The import price index had climbed 0.70% in the prior month.
French GDP rose more than expected in 1Q 2016
On a YoY basis in France, the second estimate of gross domestic product (GDP) rose 1.40% in 1Q 2016, higher than market expectations for a rise of 1.30%. The preliminary figures had indicated an advance of 1.30%. GDP had registered a similar rise in the prior quarter.
French GDP advanced more than expected in 1Q 2016
On a quarterly basis, in 1Q 2016, the second estimate of GDP climbed 0.60% in France, compared to an advance of 0.30% in the previous quarter. Market expectation was for GDP to rise 0.50%. The preliminary figures had indicated an advance of 0.50%.
French consumer spending registered an unexpected drop in April
In April, on a monthly basis, consumer spending registered an unexpected drop of 0.10% in France, lower than market expectations for a steady reading. Consumer spending had registered a revised rise of 1.10% in the prior month.
Italian PPI eased in April
The producer price index (PPI) registered a drop of 0.90% on a monthly basis, in April, in Italy. The PPI had recorded a rise of 0.20% in the prior month.
Italian PPI declined in April
On an annual basis, the PPI recorded a drop of 4.50% in Italy, in April. The PPI had fallen 3.90% in the previous month.
Spanish CPI rose more than expected in May
The flash CPI climbed 0.60% in Spain on a MoM basis in May, compared to a rise of 0.70% in the prior month. Markets were expecting the CPI to advance 0.50%.
Spanish CPI fell as expected in May
On an annual basis, the flash CPI in Spain fell 1.00% in May, in line with market expectations. In the prior month, the CPI had registered a drop of 1.10%.
Spanish HICP index declined as expected in May
In May, the preliminary HICP index recorded a drop of 1.10% on a YoY basis in Spain, at par with market expectations. In the prior month, the HICP index had dropped 1.20%.
Spanish HICP index advanced as expected in May
In May, the preliminary HICP index in Spain registered a rise of 0.50% on a monthly basis, compared to a similar rise in the prior month. Market expectation was for the HICP index to climb 0.50%.
Swiss KOF economic barometer rose in May
In Switzerland, the KOF economic barometer rose to a level of 102.90 in May, higher than market expectations of an advance to 102.70. In the previous month, the KOF economic barometer had recorded a revised reading of 102.60.
US annualised GDP advanced less than expected in 1Q 2016
In 1Q 2016, the second estimate of annualised gross domestic product rose 0.80% in the US, on a quarterly basis, less than market expectations for a rise of 0.90%. The annualised GDP had climbed 1.40% in the previous quarter. The preliminary figures had indicated an advance of 0.50%.
US Reuters/Michigan consumer sentiment index recorded a rise in May
The final Reuters/Michigan consumer sentiment index in the US climbed to 94.70 in May, compared to a level of 89.00 in the previous month. The preliminary figures had recorded a rise to 95.80. Markets were expecting the Reuters/Michigan consumer sentiment index to advance to a level of 95.40.
Canadian raw material price index advanced less than expected in April
In April, the raw material price index climbed 0.70% on a MoM basis in Canada, lower than market expectations for an advance of 1.10%. In the prior month, the raw material price index had risen 4.50%.
Canadian industrial product price index surprisingly eased in April
In Canada, the industrial product price index unexpectedly dropped 0.50% in April, on a monthly basis, less than market expectations for an advance of 0.40%. In the previous month, the industrial product price index had registered a drop of 0.60%.
Canadian current account deficit widened in 1Q 2016
Canada has posted current account deficit of C$16.77 billion in 1Q 2016, following a revised current account deficit of C$15.71 billion in the prior quarter. Market expectation was for the nation to record a current account deficit of C$16.80 billion.
Japanese job to applicant ratio registered an unexpected rise in April
In April, job to applicant ratio in Japan recorded an unexpected rise to a level of 1.34, higher than market expectations of a steady reading. In the previous month, job to applicant ratio had recorded a reading of 1.30.
Japanese industrial production surprisingly climbed in April
The flash industrial production registered an unexpected rise of 0.30% on a monthly basis in Japan, in April, higher than market expectations for a fall of 1.50%. Industrial production had recorded a rise of 3.80% in the previous month.
Japanese unemployment rate remained steady in April
In Japan, unemployment rate remained steady at a level of 3.20% in April, meeting market expectations.
Japanese household spending fell less than expected in April
In April, on an annual basis, household spending in Japan slid 0.40%, lower than market expectations for a fall of 1.30%. In the previous month, household spending had fallen 5.30%.
Japanese industrial production fell less than expected in April
The flash industrial production in Japan eased 3.50% on a YoY basis in April, less than market expectations for a fall of 5.10%. In the prior month, industrial production had registered a rise of 0.20%.
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