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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK construction PMI expanded in June
In the UK, the construction PMI recorded a rise to a reading of 55.30 in June, compared to a level of 28.90 in the prior month. Markets were expecting the construction PMI to advance to a level of 47.00.
Euro-zone investor confidence index rose in July
In the Euro-zone, the investor confidence index registered a rise to a level of -18.20 in July, compared to a reading of -24.80 in the previous month. Markets were expecting the investor confidence index to record a rise to a level of -22.50.
Euro-zone retail sales unexpectedly advanced in May
In the Euro-zone, the seasonally adjusted retail sales jumped 17.80% on a MoM basis in May, compared to market expectations of a rise of 15.00%. In the prior month, retail sales had registered a revised drop of 12.10%.
German factory orders climbed less than expected in May
In Germany, the seasonally adjusted factory orders registered a climb of 10.40% on a MoM basis in May, compared to a revised drop of 26.20% in the previous month. Markets were expecting factory orders to record a rise of 13.00%.
US non-manufacturing PMI advances in June
In the US, the non-manufacturing PMI advanced to a level of 57.10 in June, compared to a reading of 45.40 in the previous month. Market expectations were for the non-manufacturing PMI to climb to a level of 48.90.
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