The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK services PMI advanced in May
In the UK, the final services PMI advanced to a level of 29.00 in May, compared to a reading of 13.40 in the prior month. Market anticipation was for the services PMI to rise to 28.00.
Euro-zone services PMI rose in May
In the Euro-zone, the final services PMI registered a rise to a reading of 30.50 in May, compared to a level of 12.00 in the previous month. Markets were expecting services PMI to rise to a reading of 28.70.
Euro-zone unemployment rate climbed in April
In the Euro-zone, the unemployment rate recorded a rise to 7.30% in April, compared to a revised reading of 7.10% in the previous month. Markets were expecting the unemployment rate to rise to a level of 8.20%.
German services PMI advanced in May
In Germany, the final services PMI rose to a level of 32.60 in May, compared to a reading of 16.20 in the previous month. Markets were expecting the services PMI to advance to a level of 31.40.
German unemployment rate rose in May
In Germany, the seasonally adjusted unemployment rate registered a rise to 6.30% in May, compared to a level of 5.80% in the prior month. Markets were expecting the unemployment rate to a rise to 6.20%.
US services PMI advanced in May
In the US, the final services PMI rose to a level of 37.50 in May, compared to a level of 26.70 in the prior month. Markets were expecting the services PMI to rise to a level of 36.90.
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