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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP rose less than expected in 1Q 2018
The flash gross domestic product (GDP) climbed 1.20% on an annual basis in 1Q 2018, in the UK, compared to a rise of 1.40% in the previous quarter. Markets were anticipating GDP to climb 1.40%.
UK house prices advanced as expected in April
On a monthly basis, the seasonally adjusted house prices rose 0.20% in April, in the UK, in line with market expectations. In the prior month, house prices had fallen 0.20%.
Euro-zone consumer confidence index advanced in April
In April, the final consumer confidence index recorded a rise to 0.40 in the Euro-zone, compared to a level of 0.10 in the previous month. The preliminary figures had also recorded a rise to 0.40. Market anticipation was for the consumer confidence index to advance to.
US GDP price index advanced less than expected in 1Q 2018
In the US, the flash GDP index registered a rise of 2.00% on a quarterly basis in 1Q 2018, lower than market expectations for a rise of 2.20%. The GDP price index had registered a rise of 2.30% in the prior quarter.
US Reuters/Michigan consumer sentiment index dropped in April
The final Reuters/Michigan consumer sentiment index fell to a level of 98.80 in April, in the US, compared to market expectations of a drop to a level of 98.00. In the previous month, the Reuters/Michigan consumer sentiment index had recorded a level of 101.40. The preliminary figures had recorded a drop to 97.80.
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