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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone construction output slid in March
The seasonally adjusted construction output in the Euro-zone dropped 0.30% on a monthly basis, in March. The Construction output had registered a revised drop of 0.70% in the previous month.
Italian trade surplus dropped in March
Trade surplus in Italy fell to €0.70 billion in March. The nation had registered a revised trade surplus of €1.12 billion in the prior month.
US initial jobless claims climbed in the last week
The seasonally adjusted initial jobless claims recorded a rise to 222.00K in the week ended 12 May 2018, in the US, compared to a level of 211.00K in the prior week. Markets were expecting initial jobless claims to rise to 215.00K.
US Philadelphia Fed manufacturing index surprisingly rose in May
The Philadelphia Fed manufacturing index recorded an unexpected rise to 34.40 in the US, in May, compared to a level of 23.20 in the prior month. Market expectation was for the Philadelphia Fed manufacturing index to fall to 21.00.
Japanese national CPI advanced less than expected in April
The national consumer price index (CPI) climbed 0.60% on an annual basis in Japan in April, lower than market expectations for an advance of 0.70%. In the prior month, the CPI had registered a rise of 1.10%
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