ECONOMIC NEWS MAY 16TH TO MAY 20TH

by Ntombi Malatsi | May 15, 2016 | ECONOMIC NEWS

Highlights from last week: UK manufacturing production which  forms about 80% of total industrial production  dropped to 0.1% against the expected figure of 0.4% and that was bad for  Great Britain Pound (GBP). The official UK bank rate remained at 0.50% while the U.S unemployment claims rose to 294k from previous 274k. New Zealand retail sales came out at 0.8% as opposed to the expected 1.0%. The U.S core retail sales rose by  0.2% from the expected figure of 0.6% , and it came out at 0.8% while U.S PPI took a knock and came out below forecast which was 0.3%, actual figure came out at 0.2%. The U.S retail sales came out at 1.3% as opposed to -0.3% expected figure. The U.S Prelim Uom Consumer sentiment rose to 95.8 from previous 89.0 and expected figure of 89.9. Below are the events to look out for in the next upcoming week. To learn more about how to trade successfully by following the economic news/daily speeches, book for your private and individual lessons HERE and read about why do I trade the way that I do HERE.