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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK GDP advanced as expected in the November 2018 – January 2019 period
The UK gross domestic product (GDP) rose 0.20% on a monthly basis, in the November 2018 – January 2019 period, compared to a similar rise in the October-December 2018 period. Market expectation was for GDP to climb 0.20%.
UK industrial production advanced more than expected in January
Industrial production in the UK registered a rise of 0.60% on a MoM basis, in January, more than market expectations for an advance of 0.20%. In the prior month, industrial production had fallen 0.50%.
UK construction output rose more than expected in January
On a monthly basis, construction output in the UK advanced 2.80% in January, compared to a fall of 2.80% in the previous month. Markets were expecting construction output to rise 0.80%.
UK total trade deficit expanded in January
Total trade deficit in the UK widened to £3.83 billion in January, compared to a revised total trade deficit of £3.45 billion in the previous month. Market anticipation was for the nation to register a total trade deficit of £3.50 billion.
US CPI advanced as expected in February
In the US, the consumer price index (CPI) recorded a rise of 0.20% on a monthly basis in February, compared to an unchanged reading in the previous month. Markets were anticipating the CPI to rise 0.20%.
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