Global Economic Update

Global Economic Update

In the Eurozone, the flash consumer confidence index recorded a more-than-expected rise to -3.60 in April, compared to a level of -5.00 in March. The seasonally adjusted construction output climbed 6.9% MoM in February, compared to a revised drop of 2.4% in January.

In Germany, the producer price index remained unchanged on monthly basis in March, lower than market expectations for an advance of 0.2% and compared to a rise of 0.2% in February.

In the US, the seasonally adjusted initial jobless claims advanced more-than-expected to 244.00K in the week ended 15 April 2017, compared to a reading of 234.00K in the previous week. In March, leading indicator rose more-than-forecast by 0.4% MoM, compared to a rise of 0.6% in February.

In Japan, the flash Nikkei manufacturing PMI rose to a level of 52.80 in April, compared to a reading of 52.40 in March. The tertiary industry index climbed 0.2% MoM in February, less than market expectations and compared to a drop of 0.2% in January.

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