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.

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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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