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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK industrial production advanced less than expected in July
Industrial production in the UK rose 0.10% on a monthly basis, in July, less than market expectations for a rise of 0.20%. In the previous month, industrial production had recorded a rise of 0.40%.
UK total trade deficit narrowed in July
Total trade deficit in the UK narrowed to £0.11 billion in July, following a revised deficit of £0.94 billion in the prior month. Markets were expecting the nation’s deficit to rise to £2.10 billion.
UK manufacturing production unexpectedly slid in July
On a monthly basis, in the UK, manufacturing production recorded an unexpected drop of 0.20% in July, less than market expectations for a rise of 0.20%. In the prior month, manufacturing production had advanced 0.40%.
Euro-zone investor confidence index fell in September
In the Euro-zone, the investor confidence index fell to a level of 12.00 in September, lower than market expectations of a drop to a reading of 14.30. In the previous month, the index had registered a level of 14.70.
US consumer credit advanced more than expected in July
The US consumer credit rose $16.64 billion in July, higher than market expectations for an advance of $14.00 billion. Consumer credit had climbed by a revised $8.46 billion in the prior month.
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