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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone CPI rose as expected in April
In the Euro-zone, the final consumer price index (CPI) recorded a rise of 1.70% on a YoY basis in April, in line with market expectations. The CPI had registered a rise of 1.40% in the previous month.
Euro-zone construction output dropped in March
In the Euro-zone, the seasonally adjusted construction output eased 0.30% on a MoM basis, in March. In the previous month, construction output had risen 3.00%.
US Michigan consumer sentiment index surprisingly advanced in May
In the US, the flash Reuters/Michigan consumer sentiment index unexpectedly advanced to a level of 102.40 in May, compared to a reading of 97.20 in the prior month. Markets were expecting the index to record a steady reading.
US leading indicator rose as expected in April
In the US, leading indicator climbed 0.20% on a monthly basis, in April, compared to a revised rise of 0.30% in the previous month. Market expectation was for leading indicator to climb 0.20%.
Japanese annualised GDP surprisingly advanced in 1Q 2019
In Japan, the preliminary annualised gross domestic product (GDP) registered an unexpected rise of 2.10% on a quarterly basis in 1Q 2019, higher than market expectations for a drop of 0.20%. Annualised GDP had recorded a rise of 1.90% in the previous quarter.
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