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

German import price index rose more than expected in June
On a monthly basis, the import price index in Germany registered a rise of 0.50% in June, more than market expectations for an advance of 0.30%. The index had climbed 1.60% in the prior month.
US annualised GDP advanced less than expected in 2Q 2018
In the US, the preliminary annualised gross domestic product (GDP) advanced 4.10% on a QoQ basis, in 2Q 2018, lower than market expectations for an advance of 4.20%. In the prior quarter, the annualised GDP had advanced 2.00%.
US personal consumption advanced more than expected in 2Q 2018
On a QoQ basis in the US, the preliminary personal consumption registered a rise of 4.00% in 2Q 2018, higher than market expectations for an advance of 3.00%. Personal consumption had registered a rise of 0.90% in the prior quarter.
US Reuters/Michigan consumer sentiment index declined in July
In the US, the final Reuters/Michigan consumer sentiment index fell to a level of 97.90 in July, compared to market expectations of a drop to a reading of 97.10. In the prior month, the index had recorded a level of 98.20.
Japanese retail trade advanced more than expected in June
On a YoY basis, retail trade in Japan recorded a rise of 1.80% in June, higher than market expectations for an advance of 1.70%. Retail trade had risen 0.60% in the prior month.
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