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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GfK consumer confidence declined more than anticipated in July
In the UK, the GfK consumer confidence index fell to -30.00 in July, compared to a level of -24.00 in the prior month. Markets were expecting the index to drop to -26.00.
Euro-zone current account surplus widened in May
In Euro-zone, current account surplus widened to €9.10 billion in May, compared to a surplus of €4.00 billion in the previous month.
German PPI unexpectedly rose in June
In Germany, the PPI unexpectedly advanced 0.10% on a YoY basis in June, compared to a rise of 1.00% in the previous month.
US initial jobless claims unexpectedly dropped in the week ended 14 July 2023
In the US, initial jobless claims unexpectedly fell to 228.00 K in the week ended 14 July 2023, compared to a level of 237.00 K in the prior week.
US Philadelphia Fed manufacturing index rose less than expected in July
In the US, the Philadelphia Fed manufacturing index advanced to -13.50 in July, compared to a level of -13.70 in the previous month. Markets were expecting the index to rise to -10.00.
US existing home sales fell in June
In the US, existing home sales declined 3.30% on a MoM basis in June, compared to a rise of 0.20% in the previous month.
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