Guardian Stockbrokers Key Economic News Wednesday 15 July 2020

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

UK GDP advanced less than expected in May

In the UK, GDP rose 1.80% on a MoM basis in May, compared to a revised drop of 20.30% in the prior month. Markets were expecting GDP to record a rise of 5.00%.

UK manufacturing production advanced more than expected in May

In the UK, manufacturing production recorded a rise of 8.40% on a MoM basis in May, compared to a revised drop of 24.40% in the previous month. Markets were expecting manufacturing production to record a rise of 8.00%.

UK industrial production rose as expected in May

In the UK, industrial production climbed 6.00% on a monthly basis in May, compared to a revised drop of 20.20% in the previous month. Markets were expecting industrial production to advance 6.00%.

Euro-zone industrial production advanced less than expected in May

In the Euro-zone, the seasonally adjusted industrial production recorded a rise of 12.40% on a MoM basis in May, compared to a revised fall of 18.20% in the previous month. Markets were expecting industrial production to rise 13.40%.

US CPI rose more than expected in June

In the US, the consumer price index (CPI) recorded a rise of 0.60% on a YoY basis in June, compared to a rise of 0.10% in the prior month. Markets were expecting the CPI to record a rise of 0.30%.

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