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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK retail sales across all sectors climbed in June
In the UK, BRC retail sales across all sectors registered a rise of 1.10% on an annual basis, in June. Retail sales across all sectors had registered a climb of 2.80% in the prior month.
Euro-zone investor confidence index climbed surprisingly in July
In the Euro-zone, the investor confidence index unexpectedly advanced to a level of 12.10 in July, compared to a reading of 9.30 in the prior month. Markets were anticipating the index to ease to a level of 9.00.
German trade surplus fell in May
The seasonally adjusted trade surplus in Germany fell to €19.70 billion in May, from a surplus of €20.40 billion in the prior month. Market anticipation was for the nation to record a surplus of €20.20 billion.
German imports registered an unexpected rise in May
On a monthly basis, the seasonally adjusted imports in Germany registered an unexpected rise of 0.70% in May, higher than market expectations for a drop of 0.50%. In the previous month, imports had registered an advance of 2.20%.
US consumer credit rose more than expected in May
In the US, consumer credit climbed $24.56 billion in May, compared to a revised rise of $10.27 billion in the prior month. Markets were expecting consumer credit to advance $12.00 billion.
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