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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone’s manufacturing PMI rose less than anticipated in April
In the Euro-zone, the final manufacturing PMI rose to a reading of 62.90 in April, compared to a level of 62.50 in the prior month. Markets were expecting the manufacturing PMI to rise to a level of 63.30.
Germany’s manufacturing PMI dropped more than expected in April
In Germany, the final manufacturing PMI dropped to a level of 66.20 in April, compared to a reading of 66.60 in the prior month. Markets were expecting the manufacturing PMI to fall to a level of 66.40.
Germany’s retail sales advanced more than anticipated in March
In Germany, retail sales climbed 7.70% on a MoM basis in March, compared to a revised advance of 2.70% in the prior month. Market anticipations were for the retail sales to climb 3.00%.
US manufacturing index unexpectedly dropped in April
In the US, the manufacturing index unexpectedly fell to a level of 60.70 in April, compared to a reading of 64.70 in the prior month. Markets were expecting the manufacturing index to record a rise to a level of 65.00.
US construction spending rose less than expected in March
In the US, construction spending rose 0.20% on a MoM basis in March, compared to a revised drop of 0.60% in the previous month. Markets were expecting the construction spending to record an advance of 2.00%
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