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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
Euro-zone investor confidence improved in September
In the Eurozone, the investor confidence index recorded a rise to -8.00, compared to a level of -13.40 in the prior month. Markets were expecting the index to advance to a level of -10.50.
German industrial production rose in July
In Germany, the seasonally adjusted industrial production advanced 1.20% on a MoM basis in July, compared to a revised rise of 9.30% in the previous month. Markets were forecasting industrial production to climb 4.80%.
UK Halifax house price index increased less than market forecast in August
In the UK, the house price index climbed 5.20% on a YoY basis in August. In the previous month, the house price index had climbed 3.80%. Markets were expecting the house price index to record a jump 6.00%.
Japan annualised gross domestic product (GDP) declined less than anticipated in 2Q20
In Japan, the final annualised GDP plunged 28.10% on a QoQ basis in 2Q20, less than market expectations. In the prior quarter, annualised GDP had dropped by a revised 2.50%.
Japan recorded a trade surplus in July
In Japan, trade balance (BOP basis) recorded a surplus of ¥137.30 billion in July, following a trade deficit of ¥77.30 billion in the prior month. Markets were anticipating the trade deficit to widen to ¥181.30 billion.
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