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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK S&P Global construction PMI dropped more than expected in May
In the UK, the S&P Global construction PMI fell to 56.40 in May, compared to a level of 58.20 in the prior month. Markets were expecting the construction PMI to fall to 56.60.
UK Halifax house prices climbed as expected in May
In the UK, the Halifax house prices rose 1.00% on a MoM basis in May, at par with market expectations and compared to a revised rise of 1.20% in the previous month.
Euro-zone GDP advanced more than expected in 1Q 2022
In the Euro-zone, the seasonally adjusted final GDP climbed 0.60% on a QoQ basis in 1Q 2022, compared to a rise of 0.30% in the previous quarter. Markets were anticipating the GDP to record a rise of 0.30%.
Germany industrial production advanced less than expected in April
In Germany, industrial production rose 0.70% on a MoM basis in April, compared to a revised drop of 3.70% in the prior month. Markets anticipations were for the industrial production to record a rise of 1.00%.
US MBA mortgage applications declined in the week ended 03 June 2022
In the US, the MBA mortgage applications dropped 6.50% in the week ended 03 June 2022, compared to a drop of 2.30% in the previous week.
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