The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone manufacturing PMI climbed unexpectedly in April
In April, the final manufacturing PMI advanced unexpectedly to 51.70 in the Euro-zone, higher than market expectations of a fall to a level of 51.50. In the previous month, the manufacturing PMI had registered a level of 51.60. The preliminary figures had recorded a fall to 51.50.
German manufacturing PMI registered a rise in April
Compared to a level of 50.70 in the previous month the final manufacturing PMI registered a rise to 51.80 in Germany, in April. The preliminary figures had indicated a rise to 51.90. Markets were expecting manufacturing PMI to advance to a level of 51.90.
French manufacturing PMI slid in April
In April, the final manufacturing PMI recorded a drop to 48.00 in France, lower than market expectations of a fall to a level of 48.30. The preliminary figures had indicated a drop to 48.30. In the prior month, manufacturing PMI had registered a reading of 49.60.
Italian manufacturing PMI advanced unexpectedly in April
In April, the manufacturing PMI rose unexpectedly to 53.90 in Italy, compared to market expectations of a drop to a level of 53.00. The manufacturing PMI had recorded a level of 53.50 in the prior month.
Spanish manufacturing PMI surprisingly rose in April
In April, the manufacturing PMI recorded an unexpected rise to a level of 53.50 in Spain, compared to market expectations of a drop to 53.00. In the prior month, the manufacturing PMI had registered a level of 53.40.
Swiss real retail sales slid in March
In Switzerland, real retail sales dropped 1.30% on an annual basis, in March. Real retail sales had dropped by a revised 0.40% in the prior month.
Swiss SVME manufacturing PMI surprisingly advanced in April
In April, the SVME manufacturing PMI climbed unexpectedly to 54.70 in Switzerland, higher than market expectations of a fall to 52.90. The SVME manufacturing PMI had recorded a level of 53.20 in the prior month.
US ISM backlog orders declined in April
In April, ISM backlog orders in the US fell to a level of 50.50. ISM backlog orders had recorded a reading of 51.00 in the prior month.
US ISM manufacturing activity index registered a drop in April
In April, the ISM manufacturing activity index in the US fell to a level of 50.80, compared to market expectations of a fall to a level of 51.40. In the previous month, the ISM manufacturing activity index had recorded a level of 51.80.
US ISM inventories dropped in April
ISM inventories in the US recorded a drop to 45.50 in April. In the prior month, ISM inventories had registered a level of 47.00.
US construction spending advanced less than expected in March
In March, on a MoM basis, construction spending in the US rose 0.30%, compared to a revised rise of 1.00% in the prior month. Market anticipation was for construction spending to advance 0.50%.
US ISM prices paid index climbed in April
Compared to a reading of 51.50 in the previous month the ISM prices paid index in the US recorded a rise to 59.00 in April. Market anticipation was for the ISM prices paid index to climb to 52.00.
US ISM new orders declined in April
In April, ISM new orders in the US recorded a drop to 55.80. In the prior month, ISM new orders had registered a level of 58.30.
US Markit manufacturing PMI registered a drop in April
The final Markit manufacturing PMI in the US registered a drop to 50.80 in April, at par with market expectations. The preliminary figures had also indicated a fall to 50.80. In the previous month, the Markit manufacturing PMI had registered a level of 51.50.
US ISM production fell in April
In April, ISM production in the US eased to 54.20. In the previous month, ISM production had recorded a reading of 55.30.
Japanese vehicle sales rose in April
Vehicle sales rose 7.20% on a YoY basis in Japan, in April. In the prior month, vehicle sales had registered a drop of 3.20%.
Chinese Caixin/Markit manufacturing PMI index fell surprisingly in April
In China, Caixin/Markit manufacturing PMI index recorded an unexpected drop to 49.40 in April, compared to a level of 49.70 in the previous month. Market expectation was for Caixin/Markit manufacturing PMI index to rise to 49.80.
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