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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
German trade surplus slid in April
Germany has posted the seasonally adjusted trade surplus of €20.40 billion in April, compared to a trade surplus of €25.20 billion in the previous month. Markets were expecting a trade surplus of €20.20 billion.
German industrial production unexpectedly dropped in April
In April, the seasonally adjusted industrial production in Germany registered an unexpected drop of 1.00% on a MoM basis, compared to a revised rise of 1.70% in the previous month. Markets were expecting industrial production to rise 0.30%.
French industrial production surprisingly fell in April
Industrial production in France unexpectedly dropped 0.50% on a MoM basis in April, lower than market expectations for a rise of 0.30%. Industrial production had fallen 0.40% in the prior month.
US wholesale inventories unexpectedly rose in April
In the US, the seasonally adjusted final wholesale inventories unexpectedly climbed 0.10% on a MoM basis in April, more than market expectations for an unchanged reading. In the prior month, the wholesale inventories had recorded a revised rise of 0.20%.
Canadian unemployment rate remained steady in May
The unemployment rate in Canada remained unchanged at a level of 5.80% in May, at par with market expectations.
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