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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK consumer confidence unexpectedly eased in June
In June, the consumer confidence dropped unexpectedly to a level of -9.00 in the UK, compared to a level of -7.00 in the previous month. Markets were anticipating the consumer confidence to record a flat reading.
Euro-zone consumer confidence index slid in June
The final consumer confidence index registered a drop to -0.50 in the Euro-zone, in June, meeting market expectations. The preliminary figures had also indicated a fall to -0.50. In the prior month, the consumer confidence index had recorded a reading of 0.20.
Euro-zone industrial confidence index remained steady in June
The industrial confidence index remained steady at 6.90 in the Euro-zone, in June, compared to market expectations of a fall to a level of 6.50.
German CPI rose as expected in June
In June, on a MoM basis, the flash consumer price index (CPI) registered a rise of 0.10% in Germany, meeting market expectations. In the previous month, the CPI had climbed 0.50%.
US annualised GDP rose less than expected in 1Q 2018
On a QoQ basis, the final annualised gross domestic product (GDP) in the US registered a rise of 2.00% in 1Q 2018, less than market expectations for a rise of 2.20%. The annualised GDP had registered a rise of 2.90% in the previous quarter.
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