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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone manufacturing PMI dropped less than expected in April
In the Euro-zone, the final manufacturing PMI declined to 55.50 in April, compared to a reading of 56.50 in the prior month. Market anticipations were for the manufacturing PMI to fall to a level of 55.30.
Euro-zone consumer confidence index unexpectedly dropped in April
In the Euro-zone, the final consumer confidence index registered an unexpected drop to -22.00 in April, compared to a revised level of -21.60 in the prior month. Markets were expecting the index to advance to a level of -16.90.
German manufacturing PMI dropped less than anticipated in April
In Germany, the final manufacturing PMI fell to a level of 54.60 in April, compared to a level of 56.90 in the prior month. Markets were expecting the manufacturing PMI to fall to a level of 54.10.
German retail sales unexpectedly dropped in March
In Germany, retail sales eased 0.10% on a MoM basis in March, compared to a revised rise of 0.20% in the prior month. Market anticipations were for retail sales to climb 0.30%.
US ISM manufacturing index unexpectedly fell in April
In the US, the ISM manufacturing index unexpectedly fell to 55.40 in April, compared to a level of 57.10 in the prior month. Market anticipations were for the index to rise to a level of 58.00.
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