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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP rose as expected in 2Q 2021
In the UK, the GDP advanced 4.80% on a QoQ basis in 2Q 2021, in line with market expectations and compared to a fall of 1.60% in the prior quarter.
UK industrial production rose more than expected in June
In the UK, industrial production advanced 0.70% on a MoM basis in June, compared to a revised rise of 0.60% in the previous month. Markets were expecting industrial production to record a rise of 0.30%.
UK manufacturing production advanced less than expected in June
In the UK, manufacturing production climbed 0.20% on a MoM basis in June, compared to a revised rise of 0.10% in the prior month. Markets were expecting manufacturing production to advance by 0.40%.
Euro-zone’s industrial production dropped more than expected in June
In the Euro-zone, seasonally adjusted industrial production fell 0.30% on a MoM basis in June, compared to a revised drop of 1.10% in the previous month. Markets were expecting industrial production to record a fall of 0.20%.
US initial jobless claims fell in the week ended 06 August 2021
In the US, the seasonally adjusted initial jobless claims dropped to a level of 375.00K in the week ended 06 August 2021, in line with market expectations and compared to a revised level of 387.00 K in the prior week.
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