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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI rose in April
In the UK, the final manufacturing PMI recorded a rise to 60.90 in April, compared to a level of 58.90 in the previous month. Market anticipations were for the manufacturing PMI to advance to a level of 60.70.
UK number of mortgage approvals for house purchases unexpectedly dropped in March
In the UK, the number of mortgage approvals for house purchases unexpectedly dropped to a level of 82.70 K in March, compared to a revised level of 87.40 K in the prior month. Markets were expecting number of mortgage approvals for house purchases to climb to 92.30 K.
US factory orders climbed less than expected in March
In the US, factory orders rose 1.10% on a MoM basis in March, compared to a revised fall of 0.50% in the previous month. Markets were expecting factory orders to climb 1.30%.
US economic optimism index dropped in May
In the US, the economic optimism index fell to a level of 54.40 in May, compared to a level of 56.40 in the previous month.
US durable goods orders rose in March
In the US, the final durable goods orders rose 0.80% on a MoM basis in March, compared to a revised drop of 0.90% in the prior month.
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