Guardian Stockbrokers Key Economic News Friday 16 April 2021

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

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German CPI climbed as expected in March

In Germany, the final consumer price index (CPI) rose 1.70% on a YoY basis in March, in line with market expectations and compared to a rise of 1.30% in the previous month.

US advance retail sales climbed more than expected in March

In the US, advance retail sales jumped 9.80% on a MoM basis in March, compared to a revised drop of 2.70% in the previous month. Markets were expecting the retail sales to record a rise of 5.90%.

US industrial production rose less than expected in March

In the US, industrial production registered a rise of 1.40% on a MoM basis in March, compared to a revised fall of 2.60% in the prior month. Markets were expecting the industrial production to record a rise of 2.80%.

US housing market index rose in April

In the US, the housing market index recorded a rise to 83.00 in April, meeting market expectations and compared to a reading of 82.00 in the previous month.

US number of initial jobless claims dropped in the week ended 9 April 2021

In the US, the seasonally adjusted number of initial jobless claims fell to 576.00 K in the week ended 9 April 2021, compared to a revised reading of 769.00 K in the previous week. Markets were expecting the number of initial jobless claims to drop to a level of 700.00 K.

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