The annual headline CPI inflation rate remained at 25.8% in May, below expectations of 3%.
Consumer confidence
Retail sales
Unemployment
PMIs
Inflation
According to the ONS, UK unemployment fell to 4.9% in the three months to April, down from March’s 5%.
The S&P Global UK Composite Purchasing Managers’ Index (PMI) fell to 49.3 in June, down from 49.7 in May and marginally lower than flash estimates.
Month-on-month retail sales volumes rose by 1.2% in May, up from April’s upwardly revised -1%.
The GfK Consumer Confidence Barometer remained at -23 in June.
The European Commission’s Consumer Confidence Sentiment Indicator rebounded to -17.7 in June, up from May’s -19.
Consumer confidence
The ZEW Economic Sentiment Indicator for the euro area rose to 9.5 in June, up from May’s -9.1.
Economic sentiment
The S&P Global Eurozone Composite PMI rose to 50 in June, up from 48.5 in May, signalling expansion.
PMIs
Euro area year-on-year GDP growth was confirmed at +0.3% in Q1, down from the previous estimate as 0.8%.
GDP
The annual Harmonised Index of Consumer Prices (HICP) inflation rate rose to 3.2% in May, up from April’s 3%.
Inflation
The University of Michigan’s Consumer Index fell rose to 49.5 in June, up from 44.8 in May.
Consumer sentiment
Annualised GDP growth for Q1 was confirmed at 2.1%, up from the previous estimate of 1.6%.
GDP growth
The US unemployment rate fell to 4.2% in June, down from 4.3% 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, rose to 4.1% in May, up from 3.8% in April.
Inflation
UK
EUR
US
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