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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP dropped more than expected in July
In the UK, GDP fell 0.50% on a MoM basis in July, compared to a rise of 0.50% in the previous month. Markets were expecting GDP to drop 0.20%.
UK industrial production fell more than anticipated in July
In the UK, industrial production declined 0.70% on a MoM basis in July, compared to a rise of 1.80% in the previous month. Market anticipations were for industrial production to fall 0.60%.
UK manufacturing production declined less than expected in July
In the UK, manufacturing production fell 0.80% on a MoM basis in July, compared to a rise of 2.40% in the previous month. Markets were expecting manufacturing production to drop 1.00%.
UK RICS housing price balance index eased more than anticipated in August
In the UK, the RICS housing price balance index fell to -68.00 in August, compared to a level of -55.00 in the previous month. Markets were expecting the index to fall to -56.00.
Euro-zone industrial production dropped more than expected in July
In the Euro-zone, industrial production fell 1.10% on a MoM basis in July, compared to a revised rise of 0.40% in the prior month. Markets were expecting industrial production to fall 0.70%.
US CPI advanced more than forecasted in August
In the US, the CPI rose 3.70% on a YoY basis in August, compared to a rise of 3.20% in the previous month. Markets were expecting the index to rise 3.60%.
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