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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone GDP declined as expected in 2Q 2020
In the Euro-zone, GDP dropped by 12.10% in 2Q 2020, as expected and compared to a decline of 3.6% in the previous month.
Euro-zone trade surplus widened in June
In the Euro-zone, the seasonally adjusted trade surplus expanded to €17.10 billion in June, following a trade surplus of €8.60 billion in the previous month.
US advance retail sales advanced less than expected in July
In the US, advance retail sales recorded a rise of 1.20% on a MoM basis in July, compared to a revised rise of 8.40% in the prior month. Markets were expecting advance retail sales to record an advance of 1.90%.
US industrial production climbed as expected in July
In the US, industrial production climbed 3.00% on a MoM basis in July, compared to a revised rise of 5.70% in the prior month. Markets were expecting industrial production to record an advance of 3.00%.
US consumer sentiment index unexpectedly advanced in August
In the US, the preliminary consumer sentiment index unexpectedly climbed to a level of 72.80 in August, compared to a reading of 72.50 in the previous month. Markets were anticipating the consumer sentiment index to drop to a level of 72.00.
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