Guardian Stockbrokers Key Economic News Friday 9 April 2021

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


UK construction PMI jumped more than anticipated in March

In UK, the construction PMI climbed to 61.70 in March, compared to a level of 53.30 in the previous month. Markets were expecting the construction PMI to rise to a level of 54.60.

Euro-zone’s PPI advanced more than expected in February

In the Eurozone, the producer price index (PPI) rose 1.50% on a YoY basis in February, compared to a revised rise of 0.04% in the prior month. Market expectations were for the PPI to rise 1.40%.

German factory orders climbed as expected in February

In Germany, the seasonally adjusted factory orders recorded a rise of 1.20% on a MoM basis in February, at par with market expectations and compared to a revised rise of 0.80% in the prior month.

US initial jobless claims unexpectedly rose in the week ended 2 April 2021

In the US, the number of initial jobless claims unexpectedly rose to a level of 744.00 K in week ended 2 April 2021, compared to a revised reading of 728.00 K in prior week. Markets were expecting the initial jobless claims to record a fall to a level of 680.00 K.

China’s CPI advanced more than expected in March

In China, the consumer price index (CPI) climbed 0.40% on a YoY basis in March, compared to a fall of 0.20% in the prior month. Markets were expecting the CPI to record a rise of 0.30%.

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