The annual headline CPI inflation rate fell to 2.6% in June, down from May’s 2.8% and slightly below expectations.
Consumer confidence
Retail sales
Unemployment
PMIs
Inflation
According to the ONS, UK unemployment remained at 4.9% in the three months to May.
The S&P Global UK Composite Purchasing Managers’ Index (PMI) rose to 52.2 in July, up from 49.3 in June and broadly in line with flash estimates.
Month-on-month retail sales volumes rose by 1% in June, down from May’s 1.2%.
The GfK Consumer Confidence Barometer rose to -17 in July, up from -23 in June.
The European Commission’s Consumer Confidence Sentiment Indicator rose to -15.1 in July, up from -17 in June.
Consumer confidence
The ZEW Economic Sentiment Indicator for the euro area rose to 23.4 in July, up from June’s 9.5.
Economic sentiment
The S&P Global Eurozone Composite PMI rose to 52 in July, up from 50.0 in June, signalling expansion.
PMIs
According to initial estimates, euro area year-on-year GDP growth rose to 1% in Q2, up from Q1’s 0.3%.
GDP
The annual Harmonised Index of Consumer Prices (HICP) inflation fell to 2.8% in June, down from May’s 3.2%.
Inflation
The University of Michigan’s Consumer Sentiment Index rose to 55.2 in July, up from 49.5 in June and above expectations.
Consumer sentiment
Annualised GDP growth for Q2 fell to 1.5% according to advanced estimates, down from 2.1% in Q1.
GDP growth
The US unemployment rate fell to 4.1% in July, down from 4.2% in June and below expectations.
Unemployment
Year-on-year average hourly earnings rose by 3.5% in June, up from May’s 3.4%.
Earnings
The annual Personal Consumption Expenditures (PCE) inflation rate, the Fed’s preferred measure of inflation, fell to 3.7% in June, down from 4.1% in May.
Inflation
UK
EUR
US
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