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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP advanced as expected in 1Q 2019
In the UK, the flash gross domestic product (GDP) rose 0.50% on a quarterly basis in 1Q 2019, meeting market expectations. GDP had advanced 0.20% in the previous quarter.
UK industrial production rose more than expected in March
In the UK, industrial production registered a rise of 1.30% on a YoY basis in March, higher than market expectations for an advance of 0.50%. In the previous month, industrial production had risen by a revised 0.40%.
UK manufacturing production advanced more than expected in March
In the UK, manufacturing production recorded a rise of 2.60% on a YoY basis in March, more than market expectations for an advance of 1.10%. Manufacturing production had registered a revised rise of 1.20% in the previous month.
UK total trade deficit dropped in March
In the UK, total trade deficit dropped to £5.41 billion in March, from a revised total trade deficit of £6.22 billion in the prior month. Market expectations were for the nation to post a total trade deficit of £4.60 billion.
US CPI advanced less than expected in April
In the US, the consumer price index (CPI) climbed 0.30% on a MoM basis in April, less than market expectations for an advance of 0.40%. The consumer price index had risen 0.40% in the previous month.
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