Sector Review

Sector movers: Home construction stocks hit by worse than expected CPI data

By Alexander Bueso

Date: Wednesday 21 Jun 2023

(Sharecast News) - Home Construction stocks proved the biggest drag on the stock market as consumer price data for the month of May surprised to the upside again.
According to the Office for National Statistics, headline inflation was steady at 8.7% year-on-year (consensus: 8.4%), even as core CPI unexpectedly picked up.

Sign up for free or to read the full story

Email this article to a friend

or share it with one of these popular networks:


Article Archive

Top of Page