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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK manufacturing production rose more than expected in September
The UK manufacturing production climbed 0.20% on a MoM basis, in September, compared to a revised fall of 0.10% in the prior month. Markets were anticipating manufacturing production to advance 0.10%.
UK industrial production remained flat in September
Industrial production in the UK remained flat on a MoM basis, in September, similar to a revised unchanged reading in the prior month. Market expectation was for industrial production to drop 0.10%.
UK GDP expanded as expected in 3Q 2018
In the UK, the preliminary gross domestic product (GDP) registered a rise of 0.60% on a quarterly basis, in 3Q 2018, in line with market expectations. GDP had risen 0.40% in the previous quarter.
UK total trade deficit narrowed in September
Total trade deficit in the UK fell to £0.03 billion in September, following a revised deficit of £2.10 billion in the previous month. Market anticipation was for the nation to register a deficit of £1.50 billion.
US Reuters/Michigan consumer sentiment index declined in November
In the US, the preliminary Reuters/Michigan consumer sentiment index eased to a level of 98.30 in November, higher than market expectations of a fall to a level of 98.00. The index had recorded a level of 98.60 in the prior month.
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