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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction PMI dropped in April
The construction PMI fell to a level of 52.00 in April, in the UK, compared to market expectations of a drop to a level of 54.00. The construction PMI had recorded a reading of 54.20 in the prior month.
Euro-zone retail sales declined more than expected in March
In the Euro-zone, the seasonally adjusted retail sales eased 0.50% on a monthly basis in March, compared to a revised rise of 0.30% in the previous month. Markets were expecting retail sales to drop 0.10%.
Euro-zone services PMI steadied in April
In the Euro-zone, the final services PMI remained steady at a level of 53.10 in April, compared to market expectations of an advance to 53.20. The preliminary figures had indicated a rise to 53.20.
Euro-zone composite PMI recorded a drop in April
The final composite PMI recorded a drop to 53.00 in April, in the Euro-zone, meeting market expectations. Composite PMI had recorded a reading of 53.10 in the prior month. The preliminary figures had also indicated a fall to 53.00.
German services PMI fell in April
Compared to a level of 55.10 in the previous month the final services PMI in Germany dropped to 54.50 in April. The preliminary figures had indicated a fall to 54.60. Markets were expecting services PMI to drop to 54.60.
French current account deficit fell in March
France has reported current account deficit of €1.80 billion in March, following a revised current account deficit of €4.10 billion in the previous month.
French services PMI recorded a rise in April
The final services PMI in France recorded a rise to 50.60 in April, lower than market expectations of a rise to a level of 50.80. The preliminary figures had indicated a rise to 50.80. In the prior month, services PMI had recorded a level of 49.90.
French exports fell in March
In March, exports in France recorded a drop to €36.38 billion, compared to a revised level of €37.87 billion in the prior month.
French imports eased in March
In March, imports in France dropped to €40.75 billion, compared to a revised reading of €42.98 billion in the previous month.
French trade deficit dropped in March
Trade deficit in France fell to €4.37 billion in March, compared to a revised trade deficit of €5.11 billion in the prior month. Market anticipation was for the nation to post a trade deficit of €4.20 billion.
Italian services PMI climbed in April
The services PMI registered a rise to 52.10 in Italy, in April, higher than market expectations of an advance to a level of 51.90. In the prior month, the services PMI had registered a level of 51.20.
Spanish services PMI fell in April
The services PMI eased to 55.10 in Spain, in April, compared to market expectations of a drop to a level of 55.00. The services PMI had registered a level of 55.30 in the previous month.
Number of people unemployed in Spain recorded a drop in April
In Spain, number of people unemployed recorded a drop of 83.60 K in April, compared to a decline of 58.20 K in the previous month. Market expectation was for number of people unemployed to drop 81.70 K.
Swiss UBS real estate bubble index declined in 1Q 2016
In 1Q 2016, the UBS real estate bubble index in Switzerland eased to 1.38. The UBS real estate bubble index had recorded a reading of 1.41 in the previous quarter.
US non-defence capital goods orders (ex aircraft) advanced in March
The final non-defence capital goods orders (ex aircraft) climbed 0.10% on a MoM basis, in March. In the prior month, the non-defence capital goods orders (ex aircraft) had dropped by a revised 2.70%. The preliminary figures had recorded an unchanged reading.
US factory orders advanced more than expected in March
In March, on a monthly basis, factory orders climbed 1.10% in the US, higher than market expectations for an advance of 0.60%. In the previous month, factory orders had dropped by a revised 1.90%.
US durable goods orders rose as expected in March
In March, the final durable goods orders registered a rise of 0.80% on a MoM basis in the US, in line with market expectations. In the previous month, durable goods orders had dropped by a revised 3.10%. The preliminary figures had also recorded a rise of 0.80%.
US Markit composite PMI advanced in April
The final Markit composite PMI rose to a level of 52.40 in the US, in April, compared to a level of 51.30 in the prior month. The preliminary figures had recorded a rise to 51.70.
US mortgage applications registered a drop in the last week
On a weekly basis, mortgage applications recorded a drop of 3.40% in the week ended 29 April 2016, in the US. In the previous week, mortgage applications had dropped 4.10%.
US durable goods orders (ex transportation) fell more than expected in March
On a MoM basis in March, the final durable goods orders (ex transportation) fell 0.20% in the US, higher than market expectations for a fall of 0.10%. In the prior month, durable goods orders (ex transportation) had dropped 1.30%. The preliminary figures had also indicated a fall of 0.20%.
US non-farm business productivity declined less than expected in 1Q 2016
The preliminary non-farm business productivity fell 1.00% on a quarterly basis in the US, in 1Q 2016, lower than market expectations for a fall of 1.30%. The non-farm business productivity had recorded a drop of 2.20% in the previous quarter.
US non-defence capital goods shipments (ex aircraft) climbs in March
In March, on a monthly basis, the final non-defence capital goods shipments (ex aircraft) in the US climbed 0.50%. The non-defence capital goods shipments (ex aircraft) had fallen by a revised 1.80% in the previous month. The preliminary figures had recorded a rise of 0.30%.
US non-manufacturing PMI advanced in April
The non-manufacturing PMI recorded a rise to 55.70 in the US, in April, compared to market expectations of an advance to a level of 54.80. In the previous month, the non-manufacturing PMI had registered a level of 54.50.
US trade deficit dropped in March
The US has registered trade deficit of $40.40 billion in March, compared to a revised trade deficit of $47.00 billion in the previous month. Market expectation was for a trade deficit of $41.20 billion.
Private sector employment in the US recorded a rise in April
The private sector employment climbed by 156.00 K in the US, in April, compared to market anticipations of an advance of 195.00 K. The private sector employment had registered a revised gain of 194.00 K in the prior month.
US Markit services PMI advanced in April
In April, the final Markit services PMI rose to a level of 52.80 in the US, compared to a level of 51.30 in the previous month. The preliminary figures had recorded a rise to 52.10. Markets were expecting Markit services PMI to climb to 52.10.
US unit labour costs in non-farm businesses advanced more than expected in 1Q 2016
The flash unit labour costs in non-farm businesses registered a rise of 4.10% on a quarterly basis in the US, in 1Q 2016, compared to a rise of 3.30% in the previous quarter. Market expectation was for the unit labour costs in non-farm businesses to climb 3.30%.
Canadian international merchandise trade deficit expanded in March
The international merchandise trade deficit in Canada rose to C$3.41 billion in March, compared to a revised international merchandise trade deficit of C$2.47 billion in the previous month. Market expectation was for the nation to post an international merchandise trade deficit of C$1.40 billion.
Chinese Caixin composite PMI fell in April
Compared to a level of 51.30 in the prior month Caixin composite PMI in China eased to 50.80 in April.
Chinese Caixin/Markit services PMI index recorded a drop in April
Compared to a reading of 52.20 in the previous month the Caixin/Markit services PMI index recorded a drop to 51.80 in April, in China.
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