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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI climbed in May
The services PMI rose to a level of 54.00 in May, in the UK, compared to a reading of 52.80 in the prior month. Market anticipation was for the services PMI to rise to a level of 53.00.
Euro-zone services PMI dropped in May
The final services PMI eased to 53.80 in May, in the Euro-zone, compared to a level of 54.70 in the previous month. The preliminary figures had indicated a drop to 53.90.
Euro-zone retail sales rose less than expected in April
On a MoM basis, in April, the seasonally adjusted retail sales registered a rise of 0.10% in the Euro-zone, less than market expectations for an advance of 0.50%. Retail sales had risen by a revised 0.40% in the previous month.
German services PMI declined in May
The final services PMI registered a drop to 52.10 in Germany, in May, at par with market expectations. The services PMI had recorded a reading of 53.00 in the previous month.
US Markit services PMI advanced in May
The final Markit services PMI climbed to 56.80 in May in the US, compared to a reading of 54.60 in the previous month. Market expectation was for the Markit services PMI to rise to a level of 55.70.
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