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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK current account deficit widened more than expected in 1Q23
In the UK, current account deficit widened to £10.76 billion in 1Q23, compared to a revised deficit of £2.48 billion in the prior quarter. Markets were expecting current account deficit to widen to £8.50 billion.
UK GDP grew as anticipated in 1Q23
In the UK, GDP climbed 0.10% on a QoQ basis in 1Q23, at par with market expectations and compared to a rise of 0.10% in the previous quarter.
UK Nationwide housing prices unexpectedly rose in June
In the UK, the Nationwide housing prices unexpectedly advanced 0.10% on a MoM basis in June, compared to a fall of 0.10% in the previous month.
Euro-zone unemployment rate remained steady as expected in May
In the Euro-zone, the unemployment rate remained steady at 6.50% in May, at par with market expectations.
German retail sales unexpectedly rose in May
In Germany, retail sales advanced 0.40% on a MoM basis in May, compared to a rise of 0.80% in the prior month.
German unemployment rate advanced more than anticipated in May
In Germany, the unemployment rate rose to 5.70% in May, compared to 5.60% in the previous month. Market anticipations were for the unemployment rate to remain steady at 5.60%.
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