UK GDP rose 0.1% in May while industrial production declined 0.4%, weighing on European equities amid mixed economic signals.
European markets edged lower as UK economic data showed a modest 0.1% GDP rebound in May, missing expectations for stronger growth. Industrial production in the UK fell 0.4% month-over-month, signaling weakness in the manufacturing sector.
The UK goods trade deficit narrowed, but the mixed data failed to offset broader concerns about economic momentum. Germany’s DAX and France’s CAC both slipped around 0.4%, reflecting cautious sentiment across the region. Hungary’s wages rose 8.7% year-over-year, highlighting persistent inflationary pressures.
Equities remained subdued as investors digested the uneven economic recovery and its implications for monetary policy.