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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK net consumer credit rose more than expected in April
Net consumer credit registered a rise of £1.80 billion in April, in the UK, compared to a revised rise of £0.40 billion in the previous month. Markets were anticipating net consumer credit to climb £1.30 billion.
Euro-zone CPI rose more than expected in May
In May, the flash consumer price index (CPI) rose 1.90% in the Euro-zone on a YoY basis, compared to an advance of 1.20% in the previous month. Market expectation was for the CPI to rise 1.60%.
Euro-zone unemployment rate fell in April
In April, the unemployment rate dropped to 8.50% in the Euro-zone, compared to a revised reading of 8.60% in the prior month. Market anticipation was for the unemployment rate to ease to 8.40%.
Swiss GDP advanced less than expected in 1Q 2018
In Switzerland, gross domestic product (GDP) climbed 2.20% on an annual basis in 1Q 2018, less than market expectations for a rise of 2.30%. In the previous quarter, GDP had climbed 1.90%.
US initial jobless claims declined in the last week
The seasonally adjusted initial jobless claims in the US dropped to 221.00K in the week ended 26 May 2018, compared to a reading of 234.00K in the prior week. Market anticipation was for initial jobless claims to drop to 228.00K.
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