Guardian Stockbrokers Key Economic News Wednesday 11 July 2018

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

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UK total trade deficit narrowed in May

Total trade deficit in the UK fell to £2.79 billion in May, from a revised total deficit of £3.09 billion in the previous month. Market anticipation was for the nation to record a total deficit of £3.40 billion.

UK industrial production surprisingly fell in May

On a MoM basis, industrial production in the UK recorded an unexpected drop of 0.40% in May, lower than market expectations for a rise of 0.50%. In the prior month, industrial production had dropped by a revised 1.00%.

Euro-zone economic sentiment index slid in July

In the Euro-zone, the ZEW economic sentiment index recorded a drop to a level of -18.70 in July. In the prior month, the index had recorded a level of -12.60.

German current situation index eased in July

The ZEW current situation index in Germany fell to a level of 72.40 in July, compared to market expectations of a drop to a reading of 78.10. The index had recorded a level of 80.60 in the previous month.

German economic sentiment index dropped in July

In July, the ZEW economic sentiment index in Germany dropped to a level of -24.70, compared to a reading of -16.10 in the prior month. Markets were expecting the index to fall to a level of -18.90.

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