Quick Overview

• U.S. producer prices rose 0.2% in May but fell 5.0YoY
  

• U.S. housing starts rose 17.2% MoM.
  

• U.S. industrial production fell1.1% in May
  

• YoY Consumer prices in the Euro area rose 0.7% in May
  
  

• YoY U.K. consumer prices rose 2.2% in May
  
  

• Canada’s productivity rose 0.3% in Q1
  

• The real cost of living for British families has fallen by 10% since this time last year according to figures compiled for The Telegraph.
  

• (Spiegel) A German-led consortium wants to fund an international solar-energy plan to the tune of €400 billion. The idea is to gather solar heat in North Africa and send the electricity to Europe. If it works, it would be the largest green-energy project in the world.