Mixed labor data from UK📌Germany PPI falls stronger than expected

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UK employment change came in at just under 18k jobs, versus expectations of nearly 19k and close to 20k in the previous release. However, the seasonally adjusted figure pointed to a much larger decline of -43k, compared with a -20k forecast and -38k previously. Annual wage growth rose to 4.7% y/y, slightly above the 4.6% consensus and unchanged versus the prior reading. Germany’s PPI inflation data showed a decline of -2.5% y/y, compared with expectations of -2.4%. On a monthly basis, the print matched forecasts at -0.2%, with price declines accelerating from 0.0% previously.

Source: xStation5

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