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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP unexpectedly rose in 3Q 2019
In the UK, the preliminary gross domestic product (GDP) unexpectedly rose 0.30% on a QoQ basis in 3Q 2019. The GDP had fallen 0.20% in the prior quarter.
UK industrial production dropped less than expected in September
In the UK, industrial production dropped 0.30% on a MoM basis in September, compared to a revised fall of 0.70% in the prior month. Market anticipation was for industrial production to drop 0.40%.
UK manufacturing production unexpectedly eased in September
In the UK, manufacturing production unexpectedly fell 0.40% on a MoM basis in September. Manufacturing production had registered a drop of 0.70% in the previous month.
UK trade deficit widened in September
In the UK, non-EU trade deficit rose to £4.03 billion in September, following a revised trade deficit of £3.23 billion in the prior month. Market anticipation was for the country’s trade deficit to widen to £3.84 billion.
UK index of services advanced as expected in September
In the UK, the index of services recorded a rise of 0.40% on a MoM basis in September, in line with market expectations. The index of services had registered a similar rise in the June-August 2019 period.
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