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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone CPI rose as expected in April
The final consumer price index (CPI) rose 1.20% in the Euro-zone, on an annual basis, in April, in line with market expectations. The CPI had risen 1.30% in the prior month. The preliminary figures had also recorded an advance of 1.20%.
German CPI rose as expected in April
The final CPI registered a rise of 1.60% on a YoY basis in April, in Germany, meeting market expectations. The preliminary figures had also recorded an advance of 1.60%. In the previous month, the CPI had registered a similar rise.
US industrial production advanced more than expected in April
On a MoM basis, industrial production rose 0.70% in April, in the US, more than market expectations for an advance of 0.60%. In the previous month, industrial production had registered a revised similar rise.
US building permits dropped in April
Building permits in the US recorded a drop of 1.80%, on monthly basis, to an annual rate of 1352.00 K in April, higher than market expectations of 1350.00 K. Building permits had recorded a revised level of 1377.00 K in the prior month.
Japanese industrial production rose in March
On an annual basis, the final industrial production in Japan registered a rise of 2.40% in March. Industrial production had climbed 1.60% in the prior month. The preliminary figures had indicated a rise of 2.20%.
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