Guardian Stockbrokers Key Economic News Wednesday 29 July 2020

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

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UK shop price index fell in July

In the UK, the shop price index fell 1.30% on a YoY basis in July, compared to a fall of 1.60% in the previous month.

US consumer confidence index dropped more than expected in July

In the US, the consumer confidence index registered a drop to 92.60 in July, compared to a revised reading of 98.30 in the previous month. Markets were expecting the consumer confidence index to drop to 94.50.

US Richmond Fed manufacturing index rose in July

In the US, the Richmond Fed manufacturing index recorded a climb to a level of 10.00 in July, compared to a flat reading in the previous month.

Australian CPI fell less than expected in 2Q 2020

In Australia, the consumer price index (CPI) fell 0.30% on a YoY basis in 2Q 2020, compared to a rise of 2.20% in the prior quarter. Markets were expecting the CPI to record a fall of 0.40%.

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