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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP advanced as expected in 2Q 2018
The preliminary gross domestic product (GDP) advanced 0.40% on a quarterly basis in the UK in 2Q 2018, at par with market expectations. In the previous quarter, GDP had registered a rise of 0.20%.
UK total trade deficit dropped in June
The UK has reported total trade deficit of £1.86 billion in June, following a revised total trade deficit of £3.14 billion in the prior month. Markets were anticipating the nation to register a total trade deficit of £2.50 billion.
UK industrial production advanced more than expected in June
In June, on a MoM basis, industrial production in the UK advanced 0.40%, more than market expectations for an advance of 0.30%. In the prior month, industrial production had registered a revised drop of 0.20%.
UK manufacturing production rose more than expected in June
Manufacturing production advanced 0.40% on a MoM basis in June, in the UK, compared to a revised rise of 0.60% in the prior month. Market anticipation was for manufacturing production to climb 0.30%.
US consumer price index (CPI) advanced as expected in July
On a MoM basis, the consumer price index (CPI) registered a rise of 0.20% in the US, in July, at par with market expectations. In the prior month, the CPI had registered a rise of 0.10%
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