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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI rose in April
The services PMI in the UK registered a rise to 52.80 in April, compared to a level of 51.70 in the previous month Market anticipation was for the services PMI to climb to a level of 53.50.
Euro-zone CPI rose less than expected in April
In April, the preliminary consumer price index (CPI) advanced 1.20% on a YoY basis in the Euro-zone, less than market expectations for a rise of 1.30%. In the prior month, the CPI had risen 1.30%.
US trade deficit narrowed in March
The trade deficit in the US narrowed to $49.00 billion in March, compared to a revised trade deficit of $57.70 billion in the prior month. Market expectation was for the nation to record a trade deficit of $50.00 billion.
US non-manufacturing PMI dropped in April
In April, the non-manufacturing PMI recorded a drop to 56.80 in the US, compared to market expectations of a fall to 58.00. The nonmanufacturing PMI had registered a reading of 58.80 in the prior month.
US factory orders advanced more than expected in March
Factory orders in the US registered a rise of 1.60% in March on a MoM basis, compared to a revised similar rise in the previous month. Markets were anticipating factory orders to advance 1.40%.
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