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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Nationwide housing prices fell less than expected in May
In the UK, the Nationwide housing prices dropped 0.10% on a MoM basis in May, compared to a revised rise of 0.40% in the previous month. Markets were expecting housing prices to drop 0.50%.
UK S&P Global/CIPS manufacturing PMI dropped less than anticipated in May
In the UK, the S&P Global/CIPS manufacturing PMI fell to 47.10 in May, compared to a level of 47.80 in the previous month. Markets were expecting the PMI to drop to 46.90.
Euro-zone unemployment rate dropped as expected in April
In the Euro-zone, the unemployment rate fell to 6.50% in April, at par with market expectations and compared to a revised 6.60% in the prior month.
Euro-zone HCOB manufacturing PMI fell less than anticipated in May
In the Euro-zone, the HCOB manufacturing PMI declined to 44.80 in May, compared to a level of 45.80 in the previous month. Market anticipation was for the PMI to drop to 44.60.
German retail sales rose less than expected in April
In Germany, retail sales advanced 0.80% on a MoM basis in April, compared to a fall of 2.40% in the previous month. Markets were expecting retail sales to rise 1.00%.
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