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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK S&P Global/CIPS services PMI dropped less than expected in May
In the UK, the S&P Global/CIPS services PMI fell to 55.20 in May, compared to a level of 55.90 in the prior month. Markets were expecting the PMI to drop to 55.10.
UK BRC like-for-like retail sales rose in May
In the UK, the BRC like-for-like retail sales advanced 3.70% on a MoM basis in May, compared to a rise of 5.20% in the previous month.
Euro-zone HCOB services PMI declined more than anticipated in May
In the Euro-zone, the HCOB services PMI fell to 55.10 in May, compared to a level of 56.20 in the previous month. Markets were expecting the PMI to fall to 55.90.
Euro-zone Sentix investor confidence unexpectedly fell in June
In the Euro-zone, the Sentix investor confidence index unexpectedly dropped to -17.00 in June, compared to a level of -13.10 in the prior month.
Euro-zone PPI climbed less than anticipated in April
In the Euro-zone, the PPI advanced 1.00% on a YoY basis in April, compared to a revised rise of 5.50% in the previous month. Markets were expecting the index to rise 1.40%.
German HCOB services PMI rose less than expected in May
In Germany, the HCOB services PMI advanced to 57.20 in May, compared to a level of 56.00 in the previous month. Market expectations were for the PMI to rise to 57.80.
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