Guardian Stockbrokers Key Economic News Monday 13 June 2022
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Guardian Stockbrokers
PUBLISHED:
13 Jun 2022 @ 18:38
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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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UK consumer inflation expectations advanced in May
In the UK, consumer inflation expectations climbed to 4.60% in May, compared to 4.30% in February.
US CPI advanced in May
In the US, the CPI climbed 8.60% on a YoY basis in May, compared to a rise of 8.30% in the prior month. Markets were expecting the index to rise 8.30%.
US consumer sentiment index dropped more than anticipated in June
In the US, the Michigan consumer sentiment index declined to 50.20 in June, compared to a reading of 58.40 in the previous month. Market anticipations were for the index to fall to 58.00.
US reported a budget deficit in May
The US posted a monthly budget deficit of $66.00 billion in May, compared to a surplus of $308.00 billion in the previous month. Markets were expecting the US to report a deficit of $120.00 billion.
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