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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone GDP advanced as expected in 1Q 2019
In the Euro-zone, the seasonally adjusted flash gross domestic product (GDP) recorded a rise of 0.40% on a quarterly basis in 1Q 2019, compared to a rise of 0.2% in the prior quarter. Markets were expecting GDP to climb 0.40%.
German GDP rose as expected in 1Q 2019
In Germany, the seasonally adjusted flash GDP registered a rise of 0.40% on a quarterly basis in 1Q 2019, compared to a flat reading in the prior quarter. Markets were expecting GDP to climb 0.40%.
US advance retail sales unexpectedly slid in April
In the US, advance retail sales unexpectedly fell 0.20% on a MoM basis in April, compared to a revised advance of 1.70% in the prior month. Markets were anticipating advance retail sales to climb 0.20%.
US housing market index advanced in May
In the US, the housing market index climbed to a reading of 66.00 in May, higher than market expectations of an advance to a level of 64.00. In the prior month, the housing market index had registered a reading of 63.00.
US industrial production surprisingly dropped in April
In the US, industrial production unexpectedly dropped 0.50% on a MoM basis in April, less than market expectations for a steady reading. Industrial production had advanced by a revised 0.20% in the prior month.
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