U.K.’s June CBI Distributive Trades Survey -4 (last -5)
Spain’s June PPI 43.2% yr/yr (last 43.6%)
Germany’s economy ministry denied speculation about the third level of a gas emergency being triggered by the recent reduction of supply from Russia.
The EU’s energy ministers agreed to voluntary gas demand cuts with several exceptions.
Consumers in the U.K. have reportedly reoriented their spending toward less expensive stores.