The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Halifax house price index advanced as expected in August
In the UK, the Halifax house price index registered a rise of 0.10% in August on a MoM basis, compared to a revised advance of 1.20% in the prior month. Market anticipation was for the index to rise 0.10%.
Euro-zone GDP rose as expected in 2Q 2018
The Euro-zone’s seasonally adjusted final gross domestic product (GDP) recorded a rise of 0.40% on a QoQ basis, in 2Q 2018, compared to a revised rise of 0.30% in the previous quarter. Markets were expecting GDP to advance 0.40%.
German industrial production unexpectedly fell in July
In Germany, the seasonally adjusted industrial production unexpectedly fell 1.10% on a MoM basis in July, less than market expectations for a rise of 0.20%. In the previous month, industrial production had recorded a revised drop of 0.70%.
German trade surplus dropped in July
The seasonally adjusted trade surplus in Germany narrowed to €16.50 billion in July, compared to a surplus of €21.80 billion in the prior month. Market expectation was for the nation to register a surplus of €19.50 billion.
Non-farm payrolls in the US rose in August
The US non-farm payrolls rose by 157.00 K in August, lower than market anticipations of an advance of 190.00 K. Non-farm payrolls had recorded a revised increase of 147.00 K in the prior month.
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