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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP advanced less than expected in July
In the UK, the GDP rose 0.20% on a MoM basis in July, compared to a drop of 0.60% in the prior month. Markets were expecting the GDP to record a rise of 0.50%.
UK goods trade deficit narrowed more than anticipated in July
In the UK, goods trade deficit narrowed to £19.36 billion in July, compared to a revised deficit of £22.85 billion in the previous month. Market anticipations were for deficit to narrow to £22.70 billion.
UK industrial production unexpectedly dropped in July
In the UK, industrial production unexpectedly fell 0.30% on a MoM basis in July, compared to a drop of 0.90% in the prior month. Market expectations were for industrial production to record a rise of 0.40%.
UK manufacturing production advanced less than anticipated in July
In the UK, manufacturing production rose 0.10% on a MoM basis in July, compared to a drop of 1.6% in the previous month. Markets were anticipating manufacturing production to record a rise of 0.60%.
Australian business confidence index rose in August
In Australia, the business confidence index rose to a level of 10.00 in August, compared to a revised level of 8.00 in the previous month.
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