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Guardian Stockbrokers Key Economic News Thursday 8 August 2019

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK Halifax house price index unexpectedly slid in July

In the UK, the Halifax house price index unexpectedly fell 0.20% on a MoM basis in July, compared to a revised fall of 0.40% in the prior month. Markets were expecting the Halifax house price index to climb 0.30%.

UK house price balance unexpectedly dropped in July

In the UK, house price balance eased unexpectedly to -9.00% in July, compared to a reading of -1.00% in the previous month. Markets were expecting house price balance to rise to 1.00%.

German industrial production dropped more than expected in June

In Germany, the seasonally adjusted industrial production dropped 1.50% on a MoM basis in June, compared to a revised advance of 0.10% in the previous month. Market expectation was for industrial production to drop 0.50%.

US consumer credit advanced less than expected in June

In the US, consumer credit registered a rise of $14.60 billion in June, less than market expectations for a rise of $16.10 billion. Consumer credit had registered a revised rise of $17.79 billion in the previous month.

Japanese current account surplus dropped in June

In Japan, the non-seasonally adjusted current account surplus fell to ¥1211.20 billion in June, following a current account surplus of ¥1594.80 billion in the prior month. Markets were expecting the nation to post a current account surplus of ¥1148.80 billion.

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