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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP rose as expected in 1Q 2019
In the UK, the final gross domestic product (GDP) climbed 0.50% on a QoQ basis in 1Q 2019, compared to a rise of 0.20% in the previous quarter. Markets were anticipating GDP to climb 0.50%.
UK current account deficit rose in 1Q 2019
In the UK, current account deficit widened to £30.00 billion in 1Q 2019, following a current account deficit of £23.70 billion in the previous quarter. Market expectation was for the nation’s current account deficit to expand to £32.00 billion.
Euro-zone CPI rose as expected in June
In the Euro-zone, the preliminary consumer price index (CPI) rose 1.20% on a YoY basis in June, compared to a similar rise in the previous month. Market anticipation was for the CPI to advance 1.20%.
US Chicago Fed purchasing managers index slid in June
In the US, the Chicago Fed purchasing managers index eased to a level of 49.70 in June, compared to a reading of 54.20 in the previous month. Markets were expecting the index to ease to a level of 53.50.
US consumer sentiment index declined in June
In the US, the final consumer sentiment index eased to a level of 98.20 in June, compared to a level of 100.00 in the previous month. Market anticipation was for the consumer sentiment index to fall to a level of 97.90.
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