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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK consumer confidence index declined in August
In the UK, the consumer confidence index dropped to a level of -14.00 in August, higher than market expectations of a fall to a level of -12.00. The consumer confidence index had recorded a level of -11.00 in the previous month.
Euro-zone consumer confidence index dropped in August
In the Euro-zone, the final consumer confidence index dropped to a level of -7.10 in August, at par with market expectations. In the prior month, the index had registered a reading of -6.60.
German CPI advanced less than expected in August
In Germany, the preliminary consumer price index (CPI) recorded a rise of 1.40% on a YoY basis in August, less than market expectations for a rise of 1.50%. In the previous month, the CPI had registered a rise of 1.70%.
US advance goods trade deficit fell in July
In the US, advance goods trade deficit narrowed to $72.30 billion in July, compared to a trade deficit of $74.20 billion in the previous month. Market anticipation was for the nation to post a trade deficit of $74.40 billion.
US annualised GDP advanced as expected in 2Q 2019
In the US, the second estimate of annualised gross domestic product (GDP) climbed 2.00% on a QoQ basis in 2Q 2019, at par with market expectations. The annualised GDP had recorded a rise of 3.10% in the previous quarter.
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