The key points from today’s economic news, brought to you by Guardian Stockbrokers.
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UK construction PMI remained steady in May
The construction PMI in the UK remained steady at a level of 52.50 in May, compared to market expectations of a drop to 52.00.
UK retail sales climbed in May
In the UK, retail sales across all sectors climbed 2.80% on a YoY basis, in May. Retail sales across all sectors had dropped 4.20% in the prior month.
Euro-zone investor confidence index dropped in June
In June, the investor confidence index registered a drop to 9.30 in the Euro-zone, compared to market expectations of a fall to a level of 18.50. In the prior month, the investor confidence index had registered a level of 19.20.
US factory orders slid in April
In April, on a MoM basis, factory orders in the US slid 0.80%, compared to a revised rise of 1.70% in the previous month. Markets were anticipating factory orders to ease 0.50%.
US ISM production increased in May
The ISM production in the US recorded a rise to 61.50 in May, compared to a reading of 57.20 in the previous month.
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