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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP rose more than expected in April
In the UK, gross domestic product (GDP) rose 2.30% on a MoM basis in April, compared to climb of 2.10% in the previous month. Markets were expecting the GDP to record a rise of 2.20%.
UK manufacturing production unexpectedly fell in April
In the UK, manufacturing production dropped 0.30% on a MoM basis in April, compared to rise of 2.10% in the prior month. Markets were expecting manufacturing production to advance by 1.50%.
UK industrial production unexpectedly declined in April
In the UK, industrial production fell 1.30% on a MoM basis in April, compared to an advance of 1.80% in the previous month. Market expectations were for industrial production to rise 1.20%.
UK trade deficit narrowed in April
In the UK, trade deficit narrowed to £10.96 billion in April, compared to a deficit of £11.71 billion in the previous month.
US consumer sentiment index rose in June
In the US, the consumer sentiment index climbed to a reading of 86.40 in June, compared to a level of 82.90 in the previous month. Markets were expecting the index to advance to a reading of 84.00.
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