#Europe #Economic Data Snapshot | June 12, 2026
🔹 United Kingdom Monthly GDP (April): Contracted by 0.1% MoM, matching market expectations, compared with 0.3% growth in the previous month.
🔹 United Kingdom GDP (3M/3M): Expanded by 0.7%, in line with forecasts and slightly above the previous reading of 0.6%.
🔹 UK Industrial Production (April): Came in flat at 0.0% MoM, slightly below expectations of 0.1% growth.
🔹 UK Industrial Production (YoY): Declined 0.2%, missing forecasts of -0.1%.
🔹 UK Manufacturing Production (April): Rose 0.4% MoM, significantly outperforming expectations of a 0.2% decline.
🔹 UK Manufacturing Production (YoY): Increased 1.0%, exceeding estimates of 0.5%.
🔹 UK Index of Services (April): Fell 0.2% MoM, weaker than expectations of -0.1%.
🔹 UK Index of Services (3M/3M): Grew 0.8%, matching both forecasts and the prior reading.
🔹 Germany CPI (May Final): Declined 0.2% MoM, in line with expectations.
🔹 Germany CPI (YoY): Held steady at 2.6%, matching forecasts and the previous reading.
🔹 Germany Harmonised CPI (YoY): Remained unchanged at 2.7%, in line with estimates.
🔹 France CPI (May Final): Rose 0.1% MoM and 2.4% YoY, both matching market expectations.
🔹 France Harmonised CPI (YoY): Remained stable at 2.8%, in line with forecasts.
🔹 Spain CPI (May Final): Increased 0.1% MoM and 3.2% YoY, matching expectations.
🔹 Spain Harmonised CPI (YoY): Held at 3.6%, unchanged from forecasts and the previous reading.
🔹 Spain Core CPI (YoY): Accelerated to 3.0%, slightly above expectations of 2.9%.
🔹 Spain Core CPI (MoM): Rose 0.2%, moderating sharply from the previous 0.8% increase.
🔹 Market Takeaway: UK data presented a mixed picture, with softer GDP and services activity offset by stronger-than-expected manufacturing output. Across the Eurozone, inflation readings from Germany, France, and Spain largely matched expectations, supporting the view that inflation remains relatively stable while economic growth remains the key focus for policymakers.
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