The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German retail sales rose more than expected in March
In March, retail sales advanced 1.30% on an annual basis in Germany, more than market expectations for an advance of 1.20%. Retail sales had registered a similar rise in the prior month.
German CPI rose more than expected in April
In April, the flash consumer price index (CPI) recorded a rise of 1.60% in Germany on an annual basis, more than market expectations for an advance of 1.50%. In the prior month, the CPI had registered a similar rise.
US personal income advanced less than expected in March
In March, on a monthly basis, personal income in the US registered a rise of 0.30%, less than market expectations for an advance of 0.40%. Personal income had registered a revised similar rise in the previous month.
US pending home sales rose less than expected in March
Pending home sales recorded a rise of 0.40% on a MoM basis in March, in the US, less than market expectations for a rise of 0.70%. Pending home sales had risen by a revised 2.80% in the prior month.
US Dallas Fed manufacturing business index surprisingly fell in April
In April, the Dallas Fed manufacturing business index fell unexpectedly to 21.80 in the US, compared to a revised level of 22.80 in the prior month. Markets were anticipating the Dallas Fed manufacturing business index to climb to 23.00.
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