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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index surprisingly advanced in May
In the UK, the Halifax house price index recorded an unexpected rise of 0.50% on a MoM basis in May, compared to a revised rise of 1.20% in the previous month. Markets were expecting the Halifax house price index to record a flat reading.
German industrial production fell more than expected in April
The seasonally adjusted industrial production in Germany dropped 1.90% on a MoM basis in April, more than market expectations for a drop of 0.50%. Industrial production had registered a rise of 0.50% in the prior month.
US non-farm payrolls climbed less than expected in May
In the US, non-farm payrolls recorded an increase to a level of 75.00 K in May, compared to a revised advance to a reading of 224.00 K in the previous month. Market expectation was for non-farm payrolls to rise to a level of 175.00 K.
US consumer credit rose more than expected in April
In the US, consumer credit registered a rise of $17.50 billion in April, compared to a revised advance of $11.03 billion in the previous month. Markets were expecting consumer credit to climb $13.00 billion.
US unemployment rate remained steady in May
In the US, unemployment rate remained unchanged at 3.60% in May, in line with market expectations.
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