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Guardian Stockbrokers Key Economic News Thursday 30 June 2022

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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Euro-zone consumer confidence index dropped as expected in June

In the Euro-zone, the consumer confidence fell to -23.60, at par with market expectations and compared to a reading of -21.10 in the prior month.

Euro-zone economic sentiment indicator dropped less than anticipated in June

In the Euro-zone, the economic sentiment indicator fell to 104.00 in June, compared to a reading of 105.00 in the previous month. Markets were anticipating the indicator to fall to 103.00.

Germany CPI advanced less than expected in June

In Germany, the CPI rose 7.60% on a YoY basis in June, compared to a rise of 7.90% in the prior month. Markets were expecting the CPI to rise 8.00%.

US GDP declined more than expected 1Q 2022

In the US, GDP fell 1.60% in 1Q 2022, compared to a rise of 6.90% in the previous quarter. Market anticipations were for the GDP to record a fall of 1.50%.

Japan industrial production plunged in May

In Japan, industrial production declined 7.20% on a MoM basis in May, compared to a drop of 1.50% in the prior month. Markets were expecting industrial production to fall 0.30%.

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