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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CPI advanced more than expected in July
In the UK, the consumer price index (CPI) registered a rise of 2.10% on an annual basis in July, compared to an advance of 2.00% in the previous month. Markets were anticipating the CPI to climb 1.90%.
UK house price index advanced less than expected in June
In the UK, the house price index registered a rise of 0.90% on an annual basis in June, less than market expectations for a rise of 1.00%. In the prior month, the house price index had registered a revised similar rise.
Euro-zone industrial production dropped more than expected in June
The seasonally adjusted industrial production in the Euro-zone registered a drop of 1.60% on a MoM basis in June, compared to a revised rise of 0.80% in the previous month. Market expectation was for industrial production to ease 1.50%.
Euro-zone GDP advanced as expected in 2Q 2019
The seasonally adjusted second estimate of gross domestic product (GDP) in the Euro-zone rose 0.20% on a QoQ basis in 2Q 2019, in line with market expectations. GDP had registered a rise of 0.40% in the previous quarter.
German GDP dropped as expected in 2Q 2019
In Germany, the seasonally adjusted preliminary GDP dropped 0.10% on a QoQ basis in 2Q 2019, compared to an advance of 0.40% in the prior quarter. Market anticipation was for GDP to drop 0.10%.
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