Guardian Stockbrokers Key Economic News Wednesday 1 May 2019

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

Euro-zone GDP rose more than expected in 1Q 2019

The seasonally adjusted flash gross domestic product (GDP) in the Euro-zone recorded a rise of 0.40% on a quarterly basis, in 1Q 2019, more than market expectations for a rise of 0.30%. GDP had risen 0.20% in the previous quarter.

Euro-zone unemployment rate surprisingly fell in March

The unemployment rate in the Euro-zone unexpectedly eased to a level of 7.70% in March. Markets were anticipating the unemployment rate to remain unchanged.

German CPI rose more than expected in April

In Germany, the preliminary consumer price index (CPI) rose 1.00% on a monthly basis, in April, compared to an advance of 0.40% in the prior month. Market anticipation was for the CPI to climb 0.50%.

German unemployment rate remained unchanged in April

In Germany, the seasonally adjusted unemployment rate remained unchanged at a level of 4.90% in April, in line with market expectations.

US pending home sales rose more than expected in March

On a monthly basis, pending home sales in the US recorded a rise of 3.80% in March, higher than market expectations for an advance of 1.50%. Pending home sales had recorded a drop of 1.00% in the previous month.

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