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Guardian Stockbrokers Key Economic News Thursday 16 August 2018

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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UK house price index rose more than expected in June

The house price index in the UK recorded a rise of 3.00% on an annual basis in June, higher than market expectations for a rise of 2.60%. In the prior month, the index had advanced by a revised 3.50%.

UK CPI remained steady in July

The consumer price index (CPI) in the UK remained steady on a monthly basis in July, at par with market expectations. The CPI had registered a flat reading in the previous month.

US advance retail sales rose more than expected in July

In the US, advance retail sales recorded a rise of 0.50% on a MoM basis in July, compared to a revised advance of 0.20% in the prior month. Market anticipation was for advance retail sales to climb 0.10%.

US industrial production advanced less than expected in July

The US industrial production recorded a rise of 0.10% on a MoM basis in July, less than market expectations for a rise of 0.30%. In the previous month, industrial production had recorded a revised rise of 1.00%.

US housing market index dropped in August

In the US, the NAHB housing market index eased to a level of 67.00 in August, at par with market expectations. The index had recorded a level of 68.00 in the previous month.

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