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