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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales across all sectors rose in May
In the UK, retail sales across all sectors registered a rise of 7.90% on an annual basis in May. Retail sales across all sectors had advanced 5.70% in the previous month.
Euro-zone investor confidence index unexpectedly climbed in June
In the Euro-zone, the investor confidence index rose to a level of -24.80 in June, compared to a reading of -41.80 in the prior month. Market anticipations were for the investor confidence index to ease to a level of -56.30.
German industrial production dropped in April
In Germany, the seasonally adjusted industrial production eased 17.90% on a MoM basis in April, compared to a revised 8.90% in the prior month. Markets were expecting industrial production to record a drop of 15.50%.
Canadian housing starts unexpectedly rose in May
In Canada, the seasonally adjusted housing starts recorded an unexpected rise to a level of 193.50 K In May, compared to a revised level of 166.50 K in the previous month. Markets were expecting housing starts to ease to a level of 110.00 K.
Australian business confidence improved in May
In Australia, the business confidence improved to a level of -20.00 in May, less than market expectations for an advance to -32.00. In the prior month, the business confidence had recorded a revised level of -45.00.
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