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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BRC shop price index declined as expected in April
In April, the BRC shop price index eased 1.70% in the UK on a YoY basis, meeting market expectations. In the previous month, the BRC shop price index had registered a similar fall.
UK manufacturing PMI registered an unexpected drop in April
The manufacturing PMI dropped unexpectedly to a level of 49.20 in April, in the UK, lower than market expectations of a rise to 51.20. The manufacturing PMI had registered a revised reading of 50.70 in the previous month.
Euro-zone PPI recorded an unexpected rise in March
In March, the producer price index (PPI) unexpectedly rose 0.30% on a MoM basis in the Eurozone, higher than market expectations for an unchanged reading. The PPI had recorded a drop of 0.70% in the previous month.
Swiss SECO consumer climate eased surprisingly in 2Q 2016
In 2Q 2016, the SECO consumer climate in Switzerland dropped unexpectedly to a level of -15.00, compared to a level of -14.00 in the prior quarter. Markets were anticipating the SECO consumer climate to advance to a level of -11.00.
US economic optimism index advanced in May
The economic optimism index in the US climbed to 48.70 in May, compared to a level of 46.30 in the prior month. Markets were anticipating the economic optimism index to advance to 46.50.
US New York City current business condition index climbed in April
The New York City current business condition index recorded a rise to 57.00 in April, in the US, compared to a reading of 50.40 in the prior month.
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