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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK total trade deficit widened in August
Total trade deficit in the UK expanded to £1.27 billion in August, compared to a revised deficit of £0.57 billion in the previous month. Market anticipation was for the nation’s deficit to widen to £1.20 billion.
UK industrial production rose more than expected in August
Industrial production in the UK climbed 0.20%, on a MoM basis, in August, more than market expectations for an advance of 0.10%. Industrial production had climbed by a revised 0.40% in the previous month.
UK manufacturing production unexpectedly slid in August
Manufacturing production in the UK registered an unexpected drop of 0.20%, on a MoM basis, in August, lower than market expectations for a rise of 0.10%. In the previous month, manufacturing production had recorded a revised unchanged reading.
UK construction output fell more than expected in August
The UK construction output eased 0.70% on a monthly basis, in August, compared to an advance of 0.50% in the previous month. Market expectation was for construction output to ease 0.50%.
UK visible trade deficit rose in August
The UK has posted visible trade deficit of £11.20 billion in August, following a revised deficit of £10.39 billion in the previous month. Markets were anticipating the nation to register a deficit of £10.85 billion.
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