The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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UK construction PMI unexpectedly rose in June
In the UK, the construction PMI climbed to a reading of 66.30 in June, compared to a level of 64.20 in the previous month. Markets were expecting the construction PMI to drop to a level of 63.80.
Euro-zone economic sentiment index dropped in July
In the Euro-zone, the economic sentiment index declined to a level of 61.20 in July, compared to a reading of 81.30 in the prior month. Markets were expecting the index to rise to 84.40.
Euro-zone retail sales advanced more than expected in May
In the Euro-zone, retail sales rose 4.60% on a MoM basis in May, compared to a revised drop of 3.90% in the previous month. Markets were expecting retail sales to advance 4.40%.
German economic sentiment index fell more than anticipated in July
In Germany, the economic sentiment index declined to a level of 63.30 in July, compared to a reading of 79.80 in the prior month. Markets were expecting the index to drop to a level of 75.20.
US ISM services PMI fell in June
In the US, the services PMI declined to a level of 60.10 in June, compared to a reading of 64.00 in the prior month. Markets were expecting the index to fall to a level of 63.50.
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