Register for real-time alerts, custom portfolio, and market movers
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 advanced 0.10% on a MoM basis in July, compared to a rise of 1.00% in the previous month. Markets were expecting the GDP to record a rise of 0.60%.
UK industrial production advanced more than expected in July
In the UK, industrial production rose 1.20% on a MoM basis in July, compared to a drop of 0.70% in the prior month. Markets were expecting industrial production to record an advance of 0.40%.
UK manufacturing production rose as anticipated in July
In the UK, manufacturing production advanced 6.00% on a YoY basis in July, in line with market expectations and compared to a rise of 13.90% in the previous month.
German CPI advanced as expected in August
In Germany, the CPI rose 3.90% on a YoY basis in August, in line with market forecast and compared to an advance of 3.80% in the prior month.
US PPI climbed more than market forecast in August
In the US, the PPI advanced 8.30% on a YoY basis in August, compared to a rise of 7.80% in the previous month. Markets were expecting the PPI to record an advance of 8.20%.
Click here to sign up for the in depth Guardian Stockbrokers Market Daily report.
