Guardian Stockbrokers Key Economic News Tuesday 9 July 2019

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.


UK retail sales across all sectors fell more than expected in June

In the UK, retail sales across all sectors recorded a drop of 1.60% on a YoY basis in June, more than market expectations for a fall of 1.10%. Retail sales across all sectors had dropped 3.00% in the previous month.

Euro-zone investor confidence index surprisingly eased in July

In the Euro-zone, the investor confidence index dropped unexpectedly to a level of -5.80 in July, compared to market expectations of a rise to a level of 0.10. In the previous month, the index had recorded a reading of -3.30.

German industrial production rose less than expected in May

In Germany, the seasonally adjusted industrial production registered a rise of 0.30% on a MoM basis in May, less than market expectations for an advance of 0.40%. In the previous month, industrial production had fallen 1.90%.

German trade surplus expanded in May

In Germany, the seasonally adjusted trade surplus expanded to €20.60 billion in May, following a trade surplus of €17.90 billion in the previous month. Markets were expecting the nation’s trade surplus to fall to €17.00 billion.

US consumer credit advanced more than expected in May

In the US, consumer credit, registered a rise of $17.09 billion in May, more than market expectations for a rise of $17.00 billion. Consumer credit had risen by a revised $17.46 billion in the previous month.

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