Hot Features
Premium
Level up your trading with our powerful tools and real-time insights all in one place.
The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction output unexpectedly dropped in February
Construction output in the UK unexpectedly eased 1.60% in February on a monthly basis, less than market expectations for an advance of 0.90%. Construction output had registered a revised drop of 3.10% in the previous month.
UK industrial production rose less than expected in February
The industrial production in the UK climbed 2.20% in February on a YoY basis, lower than market expectations for an advance of 2.90%. In the prior month, industrial production had risen by a revised 1.20%.
UK NIESR estimated GDP advanced less than expected in the January-March 2018 period
In the January-March 2018 period, NIESR estimated gross domestic product (GDP) in the UK registered a rise of 0.20% on a monthly basis, lower than market expectations for a rise of 0.30%. NIESR estimated GDP had risen by a revised 0.10% in the December-February 2018 period.
Fed minutes: Officials remained optimistic on US economy and inflation
As per the minutes of the Federal Reserve’s (Fed) March meeting, policymakers broadly agreed that the US economy is growing at a strong pace while inflation has picked-up in recent months. Additionally, the minutes indicated that the central bank remains on track for a gradual path of policy tightening, but a few officials expressed concerns that rising inflation may call for a faster pace of interest rate hikes. Meanwhile, board members voiced concerns that a heated trade war would hamper the US economic growth.
US CPI advanced as expected in March
On a YoY basis, the consumer price index (CPI) in the US recorded a rise of 2.40% in March, in line with market expectations. The CPI had climbed 2.20% in the previous month.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
