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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CBI distributive trade survey’s retail sales balance climbed in May
In the UK, the CBI distributive trade survey’s retail sales balance climbed to 7.00% in May, lower than market expectations of a rise to 8.00%. In the prior month, the CBI distributive trade survey’s retail sales balance had recorded a level of 13.00%.
UK public sector net borrowing unexpectedly showed deficit in April
In the UK, the public sector net borrowing has unexpectedly reported a deficit £6.60 billion in April, as compared to a revised deficit of £6.10 billion in the prior month. Markets were expecting public sector net borrowing to report a deficit of £5.80 billion.
UK public sector net borrowing unexpectedly reported deficit in April
The public sector net borrowing (excluding temporary effects of financial interventions) has unexpectedly reported a deficit £7.20 billion in April, in the UK, following a revised deficit of £6.70 billion in the prior month. Markets were expecting public sector net borrowing to show a deficit of £6.40 billion.
UK public sector net cash requirement recorded a surplus in April
In the UK, in April, public finances (public sector net cash requirement) has posted a surplus £2.40 billion, following a revised deficit of £17.80 billion in the prior month.
Euro-zone economic sentiment index fell in May
The economic sentiment index in the Euro-zone recorded a drop to 16.80 in May. The economic sentiment index had registered a reading of 21.50 in the previous month.
German GDP rose as expected in 1Q 2016
The seasonally adjusted final gross domestic product (GDP) in Germany registered a rise of 0.70% in 1Q 2016 on a quarterly basis, meeting market expectations. In the previous quarter, GDP had recorded a rise of 0.30%. The preliminary figures had also recorded an advance of 0.70%.
German economic sentiment index registered a surprise drop in May
In May, the economic sentiment index recorded an unexpected drop to 6.40 in Germany, compared to market expectations of an advance to a level of 12.00. The economic sentiment index had registered a reading of 11.20 in the previous month.
German current situation index climbed in May
The current situation index rose to a level of 53.10 in May, in Germany, higher than market expectations of a rise to a level of 49.00. The current situation index had recorded a reading of 47.70 in the previous month.
German private consumption advanced less than expected in 1Q 2016
Private consumption recorded a rise of 0.40% on a QoQ basis in 1Q 2016, in Germany, compared to a revised similar rise in the previous quarter. Markets were anticipating private consumption to climb 0.60%.
German domestic demand advanced less than expected in 1Q 2016
In 1Q 2016, on a quarterly basis, domestic demand in Germany rose 0.80%, less than market expectations for an advance of 0.90%. Domestic demand had registered a revised rise of 0.90% in the previous quarter.
German GDP rose as expected in 1Q 2016
On an annual basis, the working day adjusted final GDP climbed 1.60% in Germany, in 1Q 2016, in line with market expectations. In the prior quarter, GDP had registered a rise of 1.30%. The preliminary figures had also recorded a rise of 1.60%.
German construction investment rose more than expected in 1Q 2016
In Germany, construction investment recorded a rise of 2.30% on a quarterly basis in 1Q 2016, more than market expectations for an advance of 1.50%. Construction investment had risen by a revised 2.00% in the prior quarter.
German capital investment rose more than expected in 1Q 2016
In Germany, capital investment rose 1.80% on a quarterly basis in 1Q 2016, compared to a revised rise of 1.40% in the prior quarter. Markets were expecting capital investment to advance 1.40%.
German government spending advanced less than expected in 1Q 2016
Government spending registered a rise of 0.50% in Germany on a QoQ basis in 1Q 2016, lower than market expectations for a rise of 0.80%. Government spending had recorded a revised rise of 0.90% in the prior quarter.
German imports advanced more than expected in 1Q 2016
On a quarterly basis, in Germany, imports climbed 1.40% in 1Q 2016, higher than market expectations for an advance of 1.00%. Imports had registered a rise of 0.50% in the previous quarter.
German GDP advanced as expected in 1Q 2016
On a YoY basis in 1Q 2016, the non-seasonally adjusted final GDP advanced 1.30% in Germany, meeting market expectations. In the previous quarter, GDP had registered a rise of 2.10%. The preliminary figures had also indicated an advance of 1.30%.
German exports rose more than expected in 1Q 2016
In 1Q 2016, on a QoQ basis, exports climbed 1.00% in Germany, higher than market expectations for a rise of 0.50%. Exports had recorded a drop of 0.60% in the previous quarter.
French industrial business climate index rose surprisingly in May
The industrial business climate index rose unexpectedly to a level of 102.00 in May, in France, compared to market expectations of a steady reading. The industrial business climate index had recorded a reading of 101.00 in the previous month.
Swiss trade surplus widened in April
Trade surplus in Switzerland rose to CHF2.50 billion in April, from a revised trade surplus of CHF2.18 billion in the previous month.
Swiss imports registered a drop in April
In April, on a MoM basis, imports recorded a drop of 3.10% in Switzerland. In the previous month, imports had registered a revised rise of 8.60%.
Swiss exports rose in April
Exports rose 0.30% in Switzerland on a monthly basis, in April. Exports had fallen by a revised 0.50% in the previous month.
US new home sales unexpectedly rose in April
New home sales unexpectedly advanced by 16.60%, on monthly basis, to a level of 619.00 K in April, in the US, compared to a revised level of 531.00 K in the prior month. Market expectation was for new home sales to drop to 523.00 K.
US Richmond Fed manufacturing index fell in May
Compared to a reading of 14.00 in the previous month the Richmond Fed manufacturing index dropped to -1.00 in May, in the US. Markets were anticipating the Richmond Fed manufacturing index to ease to 8.00.
Chinese leading economic index climbed in April
The leading economic index rose 0.10% on a monthly basis in China, in April. The leading economic index had registered a revised rise of 0.30% in the previous month.
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