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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP fell more than expected in April
In the UK, gross domestic product (GDP) fell 20.40% on a MoM basis in April, compared to a drop of 5.80% in the previous month. Market expectations were for GDP to record a drop of 18.40%.
UK manufacturing production declined in April
In the UK, manufacturing production registered a drop of 24.30% on a MoM basis in April, compared to a drop of 4.60% in the prior month. Markets were expecting manufacturing production to fall 15.80%.
UK industrial production dropped in April
In the UK, industrial production fell 20.30% on a MoM basis in April, compared to a fall of 4.20% in the prior month. Market anticipations were for industrial production to ease 15.00%.
Euro-zone industrial production dropped less than expected in April
In the Euro-zone, the seasonally adjusted industrial production registered a drop of 17.10% on a MoM basis in April, compared to a revised drop of 11.90% in the prior month. Markets were expecting industrial production to record a drop of 20.00%.
US consumer sentiment index advanced in June
In the US, the flash consumer sentiment index rose to a reading of 78.90 in June, compared to a level of 72.30 in the prior month. Markets were expecting consumer sentiment index to advance to a level of 75.00.
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