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June 10, 2025
Euro traded at 1.1418 against USD at 9:00 AM PST
Italy's industrial production expanded for the first time in three months in April. Industrial output rose 1.0% month-over-month in April, after remaining flat in March. Among sectors, the production of consumer goods grew the most, by 1.8%, followed by capital goods output which grew by 0.8%. Intermediate goods production was 0.2% higher, while the energy sector remained stable.
Year-on-year, the decline in industrial production recovered 0.3% in April compared to a 1.8% decline in March. The modest growth was driven by energy and consumer goods segments. 06/10/2025 - 07:01:00 (RTTNews)
British Pounds traded at 1.3510 against USD at 9:00 AM PST
The U.K. unemployment rate rose slightly in the three months to April period. The wage growth softened as the rise in social security contribution and minimum wage started to weigh on labor market activity.
The jobless rate rose to 4.6% in the three months to April from 4.5% in the three months to March. Average earnings excluding bonuses climbed 5.2% from a year. Including bonuses, average earnings grew at a slower pace of 5.3% in the three months to April from the previous year.
During the three months to May, the number of vacancies declined by 63,000 from the previous quarter to 736,000. This was the 35 consecutive quarterly decline. In May, payroll employment decreased by 109,000 from the previous month to 30.2 million. This was the biggest fall since May 2020.
About 47,0000 working days were lost due to labor disputes in April. British Chambers of Commerce said the increase in employment costs for business appears to be starting to bite with today's data showing a rise in unemployment. The steep increase in national insurance and the national living wage have undoubtedly delivered a shock for businesses. Vacancies continued to decrease and wage growth continued to outpace inflation, adding further cost pressures for firms already facing rising overheads. 06/10/2025 - 05:28:00 (RTTNews)
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