Guardian Stockbrokers Key Economic News Wednesday 18 July 2018

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

UK average earnings excluding bonus rose as expected in the March-May 2018 period

The average earnings excluding bonus in the UK advanced 2.70% on an annual basis in the March-May 2018 period, compared to a rise of 2.80% in the February-April 2018 period. Markets were expecting the average earnings excluding bonus to climb 2.70%.

UK ILO unemployment rate remained unchanged in the March-May 2018 period

In the March-May 2018 period, the UK’s ILO unemployment rate remained steady at 4.20%, meeting market expectations.

US housing market index remained steady in July

In July, the NAHB housing market index in the US remained unchanged at a level of 68.00, in line with market expectations.

US manufacturing production advanced more than expected in June

Manufacturing production in the US climbed 0.80% on a MoM basis, in June, higher than market expectations for an advance of 0.70%. In the previous month, manufacturing production had fallen by a revised 1.00%.

US industrial production advanced more than expected in June

In the US, industrial production recorded a rise of 0.60% on a MoM basis, in June, more than market expectations for an advance of 0.50%. Industrial production had registered a revised drop of 0.50% in the previous month.

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