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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index advanced more than expected in May
In May, on a monthly basis, the Halifax house price index rose 1.50% in the UK, higher than market expectations for an advance of 1.00%. In the previous month, the Halifax house price index had dropped 3.10%.
Euro-zone GDP advanced as expected in 1Q 2018
In 1Q 2018, the seasonally adjusted final gross domestic product (GDP) recorded a rise of 2.50% in the Euro-zone on a YoY basis, at par with market expectations. In the prior quarter, GDP had risen 2.70%.
German factory orders unexpectedly dropped in April
In April, on a MoM basis, the seasonally adjusted factory orders unexpectedly eased 2.50% in Germany, compared to a revised fall of 1.10% in the previous month. Markets were expecting factory orders to advance 0.80%.
US consumer credit rose less than expected in April
In April, consumer credit rose $9.26 billion in the US, compared to a revised rise of $12.28 billion in the prior month. Market expectation was for consumer credit to advance $14.00 billion.
Japanese annualised GDP dropped more than expected in 1Q 2018
In 1Q 2018, on a QoQ basis, the final annualised GDP slid 0.60% in Japan, more than market expectations for a fall of 0.40%. The preliminary figures had also indicated a drop of 0.60%.
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