07:00 AM BST, United Kingdom - GDP data:
- GDP (Q1): actual 0.7% QoQ; forecast 0.7% QoQ; previous 0.1% QoQ;
- GDP (Q1): actual 1.3% YoY; forecast 1.3% YoY; previous 1.5% YoY;
The UK economy expanded at a rate of 0.7% q/q in the first quarter of this year. This marks a notable rebound compared to previous periods. The expansion was driven mostly by the services sector.
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07:00 AM BST, Germany - Retail Sales Data for May:
- German Import Price Index: actual -1.1% YoY; forecast -0.8% YoY; previous -0.4% YoY;
- German Import Price Index: actual -0.7% MoM; forecast -0.3% MoM; previous -1.7% MoM;
- German Retail Sales: actual 1.6% YoY; forecast 3.3% YoY; previous 2.3% YoY;
- German Retail Sales: actual -1.6% MoM; forecast 0.5% MoM; previous -1.1% MoM;
Retail sales data came in weak once again, falling short of expectations. On a monthly basis, we saw another decline — this time by -1.6% m/m — significantly below the expected increase of 0.5%.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
