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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK consumer price index advanced as expected in July
In the UK, the CPI rose 6.80% on a YoY basis in July, compared to a rise of 7.90% in the previous month. Markets were expecting the CPI to rise 6.80%.
UK retail price index rose as anticipated in July
In the UK, the retail price index climbed 9.00% on a YoY basis in July, compared to an advance of 10.70% in the prior month. Market anticipations were for the retail price index to rise 9.00%.
Euro-zone industrial production unexpectedly climbed in June
In the Euro-zone, industrial production rose 0.50% on a MoM basis in June, compared to a revised flat reading the previous month. Markets were expecting industrial production to drop 0.10%.
Euro-zone gross domestic product (GDP) grew as expected in 2Q 2023
In the Euro-zone, gross domestic product (GDP) rose 0.30% on a QoQ basis in 2Q23, compared to a similar rise in the prior quarter.
US building permits rose in July
In the US, building permits advanced 0.10% on a MoM basis in July, compared to a drop of 3.70% in the prior month.
US industrial production advanced more than estimated in July
In the US, industrial production rose 1.00% on a MoM basis in July, compared to a revised drop of 0.80% in the prior month. Markets were expecting industrial production to rise 0.30%.
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