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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK mortgage approvals advanced in July
In the UK, mortgage approvals climbed to a level of 43.34 K in July, compared to a revised level of 42.78 K in the previous month. Market expectation was for mortgage approvals to rise to a reading of 42.85 K.
German GDP fell as expected in 2Q 2019
In Germany, the seasonally adjusted final gross domestic product (GDP) slid 0.10% on a QoQ basis in 2Q 2019, meeting market expectations. In the prior quarter, GDP had recorded a rise of 0.40%.
US housing price index advanced as expected in June
In the US, the housing price index advanced 0.20% on a MoM basis in June, at par with market expectations. The index had registered a revised similar rise in the previous month.
US consumer confidence index declined in August
In the US, the consumer confidence index fell to a level of 135.10 in August, compared to market expectations of a fall to a level of 129.00. In the previous month, the index had registered a revised reading of 135.80.
US Richmond Fed manufacturing index advanced in August
In the US, the Richmond Fed manufacturing index recorded a rise to a level of 1.00 in August, compared to a reading of a reading of -12.00 in the previous month. Market expectation was for the index to climb to a level of -4.00.
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