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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone retail sales remained flat in May
In the Euro-zone, retail sales remained flat on a MoM basis in May, compared to a similar reading in the previous month. Markets were expecting retail sales to rise 0.20%.
German factory orders rose more than expected in May
In Germany, factory orders advanced 6.40% on a MoM basis in May, compared to a revised rise of 0.20% in the previous month. Markets were expecting factory orders to rise 1.20%.
US private sector employment advanced in June
In the US, private sector employment climbed by 497.00 K in June, compared to a revised level of 267.00 K in the previous month.
US initial jobless claims advanced more than expected in the week ended 30 June 2023
In the US, initial jobless claims rose to 248.00 K in the week ended 30 June 2023, compared to a revised level of 236.00 K in the prior week. Markets were expecting the jobless claims to rise to 245.00 K.
US S&P Global services PMI dropped less than expected in June
In the US, the S&P Global services PMI fell to 54.40 in June, compared to a level of 54.90 in the previous month. Markets were expecting the PMI to drop to 54.10.
US ISM services PMI advanced more than anticipated in June
In the US, the ISM services PMI rose to 53.90 in June, compared to a level of 50.30 in the previous month. Market anticipations were for the PMI to rise to 51.00.
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