Guardian Stockbrokers Key Economic News Monday 14 September 2020

The key points from today’s economic news, brought to you by Guardian Stockbrokers.

UK GDP rose less than expected in July

In the UK, GDP registered a rise of 6.60% on a MoM basis in July, compared to a rise of 8.70% in the previous month. Markets were expecting GDP to record an advance of 6.70%.

UK manufacturing production advanced more than expected in July

In the UK, manufacturing production climbed 6.30% on a MoM basis in July, compared to a rise of 11.00% in the prior month. Markets were anticipating manufacturing production to rise 5.00%.

UK industrial production advanced more than expected in July

In the UK, industrial production recorded a rise of 5.20% on a MoM basis in July, compared to an advance of 9.30% in the prior month. Markets were expecting industrial production to advance 4.00%.

German CPI remained unchanged in August

In Germany, the final consumer price index (CPI) remained unchanged 0.00% on a YoY basis in August, as expected and compared to a drop of 0.10% in the previous month.

US CPI advanced more than expected in August

In the US, the consumer price index (CPI) recorded a rise of 1.30% on a YoY basis in August, compared to a rise of 1.00% in the previous month. Markets were expecting the CPI to record a rise of 1.20%.

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