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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK unemployment rate unexpectedly advanced in April
In the UK, the ILO unemployment rate unexpectedly climbed to 3.80% for the three months to end April, compared to 3.70% in the previous month. Markets were expecting the unemployment rate to fall to 3.60%.
Euro-zone ZEW survey economic sentiment advanced less than expected in Jun
In the Euro-zone, the ZEW economic sentiment index rose to -28.00 in June, compared to a level of -29.50 in the previous month. Market anticipations were for the index to record a rise to -24.30.
Germany CPI advanced as expected in May
In Germany, the CPI advanced 7.90% on a YoY basis in May, at par with market expectations and compared to a rise of 7.40% in the prior month.
US PPI advanced less than anticipated in May
In the US, the PPI rose 10.80% on a YoY basis in May, compared to a revised rise of 10.90% in the previous month. Markets were anticipating the index to record a rise of 10.90%.
China retail sales fell less than expected in May
In China, retail sales declined 6.70% on a YoY basis in May, compared to a drop of 11.10% in the previous month. Markets were anticipating retail sales to fall 7.10%.
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