Guardian Stockbrokers Key Economic News Thursday 13 August 2020

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

UK GDP fell less than expected in 2Q 2020

In the UK, the flash GDP plunged 20.40% on a QoQ basis in 2Q 2020, compared to a drop of 2.20% in the prior quarter. Markets were expecting GDP to record a drop of 20.50%.

UK industrial production climbed more than expected in June

In the UK, industrial production recorded a rise of 9.30% on a MoM basis in June, compared to a revised rise of 6.20% in the prior month. Market expectations were for industrial production to rise 9.20%.

UK manufacturing production advanced more than expected in June

In the UK, manufacturing production registered a jump of 11.00% on a MoM basis in June, compared to a revised rise of 8.30% in the prior month. Market anticipations were for manufacturing production to climb 10.00%.

Euro-zone industrial production rose less than expected in June

In the Euro-zone, the seasonally adjusted industrial production recorded a rise of 9.10% on a MoM basis in June, compared to a revised rise of 12.30% in the previous month. Markets were expecting industrial production to record a rise of 10.00%.

US CPI rose more than expected in July

In the US, the consumer price index (CPI) rose 0.60% on a MoM basis in July, compared to a similar rise in the prior month. Markets were expecting the CPI to climb 0.30%.

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