Guardian Stockbrokers Key Economic News Tuesday 31 May 2022

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

Euro-zone consumer confidence index advanced as anticipated in May

In the Euro-zone, the consumer confidence index rose to -21.10 in May, at par with market expectations and compared to a revised level of -22.00 in the previous month.

Euro-zone economic sentiment indicator climbed in May

In the Euro-zone, the economic sentiment indicator unexpectedly rose to 105.00 in May, compared to a revised reading of 104.90 in the prior month. Markets were expecting the indicator to fall to 104.10.

Euro-zone business climate index dropped in May

In the Euro-zone, the business climate index fell to 1.26 in May, compared to a revised level of 1.59 in the previous month.

Germany CPI advanced more than expected in May

In Germany, the CPI climbed 7.90% on a YoY basis in May, compared to rise of 7.40% in the prior month. Markets were expecting the CPI to record a rise of 7.60%.

China’s NBS manufacturing PMI rose as expected in May

In China, the NBS manufacturing PMI advanced to 49.60 in May, at par with market anticipations and compared to a reading of 47.40 in the prior month.

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