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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK public sector net borrowing posted a deficit in June
In the UK, the public sector net borrowing (excluding temporary effects of financial interventions) has reported a deficit £5.40 billion in June, from a revised deficit of £4.70 billion in the prior month. Market anticipation was for public sector net borrowing to show a deficit of £5.00 billion.
Euro-zone current account surplus declined in May
In the Euro-zone, the seasonally adjusted current account surplus narrowed to €4.60 billion in May, compared to a revised surplus of €27.30 billion in the previous month.
German PPI advanced as expected in June
In Germany, the producer price index (PPI) climbed 0.30% in June, on a MoM basis, compared to an advance of 0.50% in the previous month. Market expectation was for the PPI to advance 0.30%.
Canadian retail sales rose more than expected in May
On a monthly basis, retail sales in Canada recorded a rise of 2.00% in May, compared to a revised drop of 0.90% in the prior month. Market anticipation was for retail sales to climb 1.00%.
Canadian CPI rose unexpectedly in June
In Canada, the consumer price index (CPI) unexpectedly rose 0.10% in June, on a MoM basis, compared to a similar rise in the previous month. Market anticipation was for the CPI to remain unchanged.
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