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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK three month moving average unemployment rate dropped in April
In the UK, the unemployment rate recorded a drop to 4.70% in the three months ended April, compared to a rate of 4.80% in the previous month. Market expectations were for the unemployment rate to drop to 4.70%.
Euro-zone trade surplus narrowed in April
In the Euro-zone, the seasonally adjusted trade surplus narrowed to €9.40 billion in April, compared to a surplus of €18.40 billion in the previous month.
German CPI advanced as expected in May
In Germany, the final CPI rose 2.50% on a YoY basis in May, meeting market expectations and compared to a rise of 2.00% in the prior month.
US retail sales fell more than expected in May
In the US, retail sales dropped 1.30% on a MoM basis in May, compared to a revised rise of 0.90% in the previous month. Markets were expecting retail sales to record a drop of 0.80%.
US industrial production advanced more than expected in May
In the US, industrial production rose 0.80% on a MoM basis in May, compared to a revised rise by 0.10% in the prior month. Markets were expecting industrial production to record a rise of 0.60%.
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