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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing PMI unexpectedly rose in April
In April, the manufacturing PMI in the UK registered an unexpected rise to 57.30, compared to market expectations of a drop to 54.00. The manufacturing PMI had recorded a level of 54.20 in the prior month.
UK BRC shop price index dropped as expected in April
On an annual basis, in the UK, the BRC shop price index recorded a drop of 0.50% in April, compared to a fall of 0.80% in the prior month. Markets were anticipating the BRC shop price index to ease 0.50%.
Euro-zone unemployment rate remained unchanged in March
The unemployment rate remained flat at a level of 9.50% in March, in the Euro-zone. Markets were anticipating the unemployment rate to drop to 9.40%.
Euro-zone manufacturing PMI climbed in April
The final manufacturing PMI in the Euro-zone recorded a rise to 56.70 in April, compared to a level of 56.20 in the previous month. Markets were anticipating the manufacturing PMI to climb to a level of 56.80. The preliminary figures had recorded a rise to 56.80.
German manufacturing PMI fell in April
In Germany, the final manufacturing PMI recorded a drop to 58.20 in April, compared to a level of 58.30 in the previous month. The preliminary figures had also indicated a drop to 58.20. Markets were expecting manufacturing PMI to fall to.
French manufacturing PMI rose in April
The final manufacturing PMI registered a rise to 55.10 in France, in April, meeting market expectations. The preliminary figures had also recorded an advance to 55.10. In the previous month, manufacturing PMI had registered a reading of 53.30.
Italian manufacturing PMI advanced in April
Compared to a reading of 55.70 in the previous month the manufacturing PMI registered a rise to 56.20 in Italy, in April. Market anticipation was for the manufacturing PMI to climb to a level of 56.00.
Italian unemployment rate surprisingly rose in March
In March, unemployment rate climbed unexpectedly to 11.70% in Italy, compared to a level of 11.50% in the previous month. Market anticipation was for unemployment rate to record a flat reading.
Spanish manufacturing PMI climbed in April
The manufacturing PMI rose to a level of 54.50 in April, in Spain, compared to market expectations of a rise to 54.40. The manufacturing PMI had recorded a reading of 53.90 in the prior month.
Swiss SVME manufacturing PMI dropped in April
The SVME manufacturing PMI registered a drop to 57.40 in April, in Switzerland, compared to a reading of 58.60 in the previous month. Markets were expecting the SVME manufacturing PMI to ease to a level of 58.20.
US Redbook index rose in the last week
In the week ended 28 April 2017, on a monthly basis, the seasonally adjusted Redbook index recorded a rise of 1.30% in the US. In the prior week, the Redbook index had recorded a rise of 1.20%.
US New York City current business condition index fell in April
In April, the New York City current business condition index fell to a level of 55.80 in the US. In the previous month, the New York City current business condition index had recorded a reading of 56.50.
US Redbook index advanced in the last week
The Redbook index in the US recorded a rise of 2.30% in the week ended 28 April 2017 on an annual basis. The Redbook index had registered a rise of 1.70% in the prior week.
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