The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK ILO unemployment rate surprisingly dropped in the April-June 2018 period
In the UK, the ILO unemployment rate unexpectedly dropped to 4.00% in the April-June 2018 period, compared to market expectations of a steady reading. In the March-May 2018 period, the ILO unemployment rate had registered a level of 4.20%.
Euro-zone GDP remained steady in 2Q 2018
In the Euro-zone, the seasonally adjusted flash gross domestic product (GDP) remained steady on a QoQ basis in 2Q 2018, compared to an advance of 0.40% in the previous quarter. Markets were anticipating GDP to rise 0.30%.
German GDP advanced more than expected in 2Q 2018
On a QoQ basis, in Germany, the seasonally adjusted preliminary GDP registered a rise of 0.50% in 2Q 2018, more than market expectations for a rise of 0.40%. In the previous quarter, GDP had climbed 0.30%.
German CPI advanced as expected in July
In Germany, the final consumer price (CPI) index advanced 0.30% on a monthly basis in July, at par with market expectations. In the previous month, the CPI had risen 0.10%.
US small business optimism index advanced unexpectedly in July
The NFIB small business optimism index in the US recorded an unexpected rise to a level of 107.90 in July, compared to a reading of 107.20 in the prior month. Markets were anticipating the index to drop to a level of 106.80.
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