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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales across all sectors fell more than expected in April
On a YoY basis, in April, retail sales across all sectors fell 4.20% in the UK, higher than market expectations for a fall of 0.80%. In the prior month, retail sales across all sectors had risen 1.40%.
UK Halifax house price index fell more than expected in April
On a MoM basis, the Halifax house price index in the UK eased 3.10% in April, higher than market expectations for a fall of 0.20%. In the prior month, the Halifax house price index had registered a revised rise of 1.60%.
German trade surplus expanded in March
The seasonally adjusted trade surplus in Germany rose to €25.20 billion in March, compared to a trade surplus of €18.40 billion in the previous month. Market expectation was for the nation’s trade surplus to widen to €22.50 billion.
German industrial production advanced more than expected in March
The seasonally adjusted industrial production in Germany recorded a rise of 1.00% on a MoM basis in March, compared to a revised fall of 1.70% in the prior month. Markets were anticipating industrial production to climb 0.80%.
US small business optimism index surprisingly climbed in April
In April, the small business optimism index rose unexpectedly to a level of 104.80 in the US, compared to a reading of 104.70 in the prior month. Market expectation was for the small business optimism index to drop to 104.50.
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