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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK Rightmove house price index fell in July
In the UK, the Rightmove house price index dropped 0.20% on a MoM basis in July. The index had recorded a rise of 0.30% in the prior month.
Euro-zone industrial production rose more than expected in May
In the Euro-zone, the seasonally adjusted industrial production rose 0.90% on a MoM basis in May, compared to a revised drop of 0.40% in the prior month. Markets were expecting industrial production to advance 0.20%.
Chinese GDP advanced more than expected in 2Q 2019
In China, the gross domestic product (GDP) climbed 1.60% on a QoQ basis in 2Q 2019, higher than market expectations for an advance of 1.50%. In the previous quarter, GDP had recorded a rise of 1.40%.
Chinese industrial production advanced more than expected in June
In China, industrial production registered a rise of 6.30% on a YoY basis in June, higher than market expectations for a rise of 5.20%. In the previous month, industrial production had advanced 5.00%.
Chinese retail sales rose more than expected in June
In China, retail sales advanced 9.80% on a YoY basis in June, more than market expectations for a rise of 8.50%. In the prior month, retail sales had recorded a rise of 8.60%.
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